8713 Buffalo Avenue, South Chicago, Chicago, Illinois 60617
$355,000
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Sold
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| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 11 |
| Baths: | 0 |
| Year Built: | 1895 |
| Property Taxes: | $1,008 |
| Days On Market: | 900 |
| Lot Size: | 0,08 |
Description
Welcome to this exceptional investment opportunity in the vibrant South Chicago neighborhood! This well-maintained 3-unit building is a dream come true for savvy investors, with all units currently occupied, ensuring a steady monthly income stream. The property boasts a low maintenance cost, including remarkably affordable taxes, making it an attractive and profitable venture. Rumor has it that the neighborhood is on the verge of a million-dollar renovation, ensuring potential appreciation in the future. One of the highlights of this property is the third-floor unit, which offers a duplex layout extending up to the attic. This bonus space can be rented out separately, adding an additional $1,450 per month to your already impressive income. Each unit generates substantial rental income, with the third-floor unit fetching $1,450 per month, while the first and second-floor units command $1,350 per month each. Furthermore, a convenient parking pad in the back provides hassle-free parking options for tenants. Long-term tenants are already in place, ensuring stability and consistent cash flow. As the owner, you will only be responsible for water and garbage expenses, which amount to an affordable $272 per month. Real estate taxes are incredibly low at just $84 per month. Additionally, lawn service is a mere $40 per month, allowing you to focus on reaping the financial rewards of this investment. For those considering living on-site as a landlord, this property is a no-brainer. Take advantage of a home bridge loan, available through our preferred lender, offering up to $35,000 to remodel your personal unit. Customize your living space while boosting its value. With a remarkable monthly income of $4,050, this building offers a high return on investment. Whether you're an experienced investor or a live-in landlord, this opportunity is hard to resist. Don't miss out on this fantastic chance to own a lucrative property in a thriving neighborhood. Act now and secure your financial future! Seller is a licensed FL agent. Sold AS IS
Property Specifics
| Multi-unit | |
| — | |
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| 1895 | |
| — | |
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| No | |
| 0.08 |
| Cook | |
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| — / — | |
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| — | |
| 11804113 | |
| 26051010050000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 26 Feb, 2015 | Sold | $135,000 | MRED MLS |
| 5 Dec, 2014 | Under contract | $143,000 | MRED MLS |
| — | Last price change | $145,500 | MRED MLS |
| 21 Mar, 2014 | Listed for sale | $175,000 | MRED MLS |
| 4 Aug, 2023 | Sold | $355,000 | MRED MLS |
| 23 Jun, 2023 | Under contract | $350,000 | MRED MLS |
| 9 Jun, 2023 | Listed for sale | $350,000 | MRED MLS |
Room Specifics
Total Bedrooms: 11
Bedrooms Above Ground: 11
Bedrooms Below Ground: 0
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Full Bathrooms: 3
Bathroom Amenities: —
Bathroom in Basement: 0
Rooms: —
Basement Description: Slab
Other Specifics
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| 25X125 | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2015 | $1,936 |
| 2023 | $1,008 |
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Listing Provided By
Real People Realty Inc
