Search Duplex and 3-flats for sale in Chicago

Newest Duplex and 3-flats for sale in Chicago

$675,000
9 Beds ⋅ 6 Baths ⋅ 11892499 MLS ⋅ NEW Status
Awesome 3 unit building plus full size city lot, beautiful landscaped attached fenced in side lot and uncovered rear parking. The garden and first floor units are both 2 bedroom, 1 bath. Spacious second floor unit is duplexed with beautiful wood staircase access to the third floor. The duplexed unit has 5 bedrooms, 3.5 baths. Central a/c and forced gas heat for each unit. There are separate gas and electric meters for each unit.

3547 W Jackson Boulevard, Chicago
$297,000
5 Beds ⋅ 2 Baths ⋅ 11897683 MLS ⋅ NEW Status
Being sold 'AS IS" Investors come see this two-apartment property located in the desired area of Logan Square! Lots of potential! Convenient to public transportation.

2529 N Lawndale Avenue, Chicago
$399,999
6 Beds ⋅ 3 Baths ⋅ 11897020 MLS ⋅ NEW Status
New roof, new porch, upgraded electrical panels; all complete with permits, plans and passed inspections. Interiors rehabbed in 2013, huge kitchens, large bathrooms, separate dining rooms and hardwood floors. Each unit is 2BD/1ba, two lower units occupied with long term paying tenants; no issues. You can own this building for less than half of paying rent.

1019 N Lawndale Avenue, Chicago
$319,900
5 Beds ⋅ 3 Baths ⋅ 11896091 MLS ⋅ NEW Status
ATTENTION INVESTORS THIS 2 UNIT W/ A BASEMENT IS READY TO BE YOUR NEXT REHAB PROJECT. SOLD IN "AS IS" CONDITION, NO REPAIR CREDIT OFFERED, NO SURVEY PROVIDED, TAXES PRORATED @ 100%. LISTING BROKER & SELLER ASSUME NO RESPONSIBILITY & MAKE NO GUARANTEES/WARRANTIES OR REPRESENTATIONS AS TO THE ACCURACY OF THE PROPERTY INFORMATION, PHOTOGRAPHS OR OTHER INFORMATION DEPICTED/DESCRIBED HEREIN. PROOF OF FUNDING MUST ACCOMPANY ALL OFFERS.

3007 S Union Avenue, Chicago
$90,600
7 Beds ⋅ 2 Baths ⋅ 11897746 MLS ⋅ NEW Status
SELLER TO OFFER A $1200 CREDIT! Brick 2-flat in super-hot West Garfield Park is currently configured as a 3/1 on the first floor with a 4/1 duplex up, this property needs updating throughout and presents the savvy investor increased cash flow potential plus steady appreciation in this rapidly gentrifying neighborhood! Stabilized, similar unit comps are $375-$450K! RT-4 zoning may allow the opportunity to add a third unit. Another bonus: There is a beautiful park directly across the street and the CTA Green Line Pulaski stop is just a 3-minute walk!

217 N Karlov Avenue, Chicago
$339,000
7 Beds ⋅ 3 Baths ⋅ 11893446 MLS ⋅ NEW Status
This property is a recently renovated duplex with two units and a finished basement. It's an ideal choice for owner occupancy, boasting generously sized bedrooms and 42-inch cabinets in the kitchen. The kitchen and bathrooms have been tastefully updated with top-of-the-line appliances. The first floor extends down to the basement, creating additional living space. Both units come equipped with laundry facilities, and each includes a spacious living room and dining room. This turn key beauty will not last long !

6234 S Paulina Street, Chicago
$325,000
12 Beds ⋅ 6 Baths ⋅ 11897652 MLS ⋅ NEW Status
Incredible investment opportunity. This Brick 3 flat is fully occupied with subsidized tenancy. Meticulously maintained due to requirements for the program. Serious inquiries only. Immediate cash flow. Shown by appointment only.

1311 S Christiana Avenue, Chicago
$331,000
4 Beds ⋅ 2 Baths ⋅ 11890262 MLS ⋅ NEW Status
Stylish, modern & energy efficient investment home located in the Back of the Yards neighborhood. Legal 2 unit is perfect for live-in owner, large family, house hacker or investor. All new water & sewer service to the city main eliminates lead pipes & provides great water pressure & clean drinking water. All new siding, roof, windows & blown-in insulation. Separate all new electric & plumbing with public. Contemporary kitchen w/soft close hinge cabinets & Calacatta quartz countertops. Engineered hardwood floors throughout. GE Stainless Steel appliance package. High efficiency HVAC provide lower energy costs more comfort & better air flow to each register. Beautiful bathrooms with subway & penny tile. Rainfall shower head & bluetooth vents to stream your fav tunes. Hardwired smoke & carbon detectors enhance peace of mind. High basement offers future duplex opportunities. New concrete walkway & pad for 3 cars. 9 min to Dan Ryan | 5 min to Back of the Yards College Prep HS | 4 min to Sputnik Coffee.

5307 S Marshfield Avenue, Chicago
$560,000
7 Beds ⋅ 3 Baths ⋅ 11895051 MLS ⋅ NEW Status
Adorable pocket of Avondale! Beautiful brick 2 flat that has been well maintained. First and Second floor units have hardwood floors throughout, 3 bedrooms, 1 bath + sunroom & enclosed back porch. Basement is finished with in-law arrangement, 1 bed/1bath with office. The owner has taken great care of the building: New rubber roof in 2018, Water heater 2018, Boiler 2015. All appliances stay in the units, including both sets of washers/dryers in the basement. Quiet block with permit parking in the evening for residence. Great location, walkable to Planet Fitness, Avondale Bowl, Cermak Fresh Market, restaurants, and parks! Sold As-Is.

4129 W Nelson Street, Chicago
$975,000
9 Beds ⋅ 6 Baths ⋅ 11896312 MLS ⋅ NEW Status
***Attention all investors*** Earn instant income with this stunning legal 3-unit in the heart of Humboldt Park, just steps from the 606!! These bright and spacious condo-quality units feature 3-bed, 2-baths each and tastefully decorated with stylish finishes and custom millwork. This is a must see! Schedule a showing today. Sold as-is. No survey.

1738 N Talman Avenue, Chicago
$689,900
8 Beds ⋅ 4 Baths ⋅ 11893885 MLS ⋅ NEW Status
Dynamite Investment VALUE ADD opportunity in East Humboldt Park There are 4 total units in two independent buildings Front building is a 2.5 story brick Victorian with two apartments each of which is a 2 bedroom 1 bath. There is a partially finished basement with 6.6 ft ceilings. Potential to add value The rear building is a brick coachhouse with 2 apartments and a pitched roof. Seperate mechanicals, tenats pay hear, cooking gas and electricity. Both structures have a new roof, and the rear structure has a new porch. Tenants are month to month. Property has strong bones and a ton of potential, Needs work and is sold as is.

1431 N Campbell Avenue, Chicago
$275,000
9 Beds ⋅ 3 Baths ⋅ 11896767 MLS ⋅ NEW Status
3 Story red brick 3 flat with full basement. Newer thermo windows t/o. Fenced in yard with gate that includes 3 parking spots. All 3 units are 3 bedrooms, 1 bath. Basement is shelled, ready to finish. For additional income plenty of room to install 3 sets of coin washer/dryers. Charge for storage, charge for parking spaces. This building is a cash cow. Needs updating. Rehab work has started.

5551 W Van Buren Street, Chicago
$460,000
6 Beds ⋅ 3 Baths ⋅ 11897435 MLS ⋅ NEW Status
Great opportunity is rapidly appreciating south shore neighborhood. Beautiful 3 flat w/ unfinished basement on a double lot! Huge units units feature hardwood floors throughout, central AC, in unit laundry hook ups. All units are 2 bedrooms with a tandem room that can be used as office space, storage or a walk-in closet; 3 car brick garage. Huge unfinished basement with separate ingress/egress (easy finish for an additional unit) Property is in good condition!

7847 S Bennett Avenue, Chicago
$195,000
6 Beds ⋅ 3 Baths ⋅ 11897459 MLS ⋅ NEW Status
Brick 2 Flat on quiet tree lined street offers excellent investment opportunity. Property needs updating but offers 2 spacious, 3 bedroom, 1 bath apartments and partially finished walk out basement. Large fenced yard with brick 2 car garage. Property is tenant occupied and being sold in AS-IS condition. Please do not disturb tenants.

8014 S Michigan Avenue, Chicago
$220,000
4 Beds ⋅ 2 Baths ⋅ 11897456 MLS ⋅ NEW Status
A fantastic investment opportunity to own this 2-flat brick property in the Calumet Heights neighborhood. Two separate units, each with 2 bedrooms, bonus room with closet, 1 full bathroom, dining room and hardwood floors. The basement is unfinished with roughed-in plumbing for a bathroom; potential for basement rental unit. Hot water heater, garage roof, tuck pointing completed within the past 15 years. This property needs some TLC and is being SOLD IN AS-IS CONDITION. The property's location is ideal, situated in proximity to schools, shopping centers, and public transportation. Don't miss out on this exceptional investment opportunity, as it is unlikely to remain on the market for long.

8733 S Blackstone Avenue, Chicago
$1,195,000
8 Beds ⋅ 5 Baths ⋅ 11897436 MLS ⋅ NEW Status
Stunning remodeled, completely gutted and rehabbed, all work done with permits. 3 unit building, modern open floor plan with large windows and high ceiling. Units feature hardwood floors throughout, washer, dryer in each unit, outdoor space on each level, gourmet kitchen, white quartz counters, stainless steel appliances, master suite offers en suite bath with double sink, soaking tub and separate shower. New roof, windows, center air, plumbing, sump pump, electric, drywall, porch, landscaping, fence, concrete side walks, parking spaces, and garage++++. Detached 3 car garage and 3 parking spaces on the back. Building is a legal 3 flat.

2119 W Touhy Avenue, Chicago
$109,000
4 Beds ⋅ 2 Baths ⋅ 11897382 MLS ⋅ NEW Status
Looking for your Next Rehab Project? This 2-Unit features 2BED 1BATH in each unit, which has Amazing INCOME potential. Located in West Pullman less than 1mile away you have access to Marshfield Plaza which host a ton of restaurants, grocery store, clothing stores, and easy access to I-57. The Community Salvation Army CROC center is also located less than 1/2 mile away. Local Fire Department located 1 block over, Local Public transportation is within walking distance. Sold "AS-IS"

11817 S Sangamon Street, Chicago
$475,000
4 Beds ⋅ 2 Baths ⋅ 11896526 MLS ⋅ NEW Status
Well maintained brick 2 flat with newer furnaces (2019), 3 circuit breaker boxes (2018), tear off roof (2021), gutters and downspouts (approx. 2021). Large living rooms, dining rooms and eat in kitchens with pantries, 2 bedrooms and 1 bath on each floor. 2nd floor living room with decorative fireplace. Enclosed back porchases, 2nd floor with extra closet on back porch. Hardwood floors throughout, some covered by carpet for many years. 1st floor electric wiring updated 2019. Unfinished basement with exterior exit could be duplexed to 1st floor. Washing machine 2021. 2 car garage. Basement freezer, work bench, metal shelving and metal cabinet stay. Close to schools, public transportation. Good condition,priced to sell! As-Is.

5722 N Mcvicker Avenue, Chicago
$450,000
5 Beds ⋅ 3 Baths ⋅ 11895462 MLS ⋅ NEW Status
Discover this stunning triplex just steps away from the bustling Harlem Irving Plaza! Whether you're a shrewd investor or a homeowner looking for positive cash flow, this property is a gem. Each unit has been decked out with chic upgrades, from the recently renovated first-floor bathroom to the second-floor's fresh flooring and enhanced electrical system. Brand-new kitchen cabinets, countertops, and appliances add a modern touch, while a newer HVAC system and a one-year-old roof provide peace of mind. This impeccably maintained building even boasts a cutting-edge flood control system with an interior sump pump and drain tile for added security. Come get this Dunning neighborhood home before it's gone!!

3815 N Octavia Avenue, Chicago
$265,000
5 Beds ⋅ 3 Baths ⋅ 11897124 MLS ⋅ NEW Status
Being able to own a Greystone Building in Chicago is a dream! This building has good bones. First floor unit has two bedrooms, second floor unit has 3 bedrooms. Basement is fully finished as a salon. There are separate water tanks for each unit. Building is in need of some updating in units. This is an ESTATE SALE. BONUS BONUS BONUS, the LOT adjacent to the property is also included in sale!!!! SCHEDULE YOUR SHOWING TODAY!!! AS-IS SALE

1520 S Homan Avenue, Chicago
$275,000
4 Beds ⋅ 3 Baths ⋅ 11897064 MLS ⋅ NEW Status
THIS WOODLAWN 3 FLAT FEATURES NEW TEAR-OFF ROOF, NEW HVAC IN ALL UNITS, NEW TREATED PINE BACK PORCH, UPDATED PLUMBING & ELECTRICAL, PLUS A GUT RENOVATED LOWER UNIT COMPLETE WITH UPDATED FLOORING, BATHROOM, KITCHEN, BLINDS AND INSULATION. MAIN UNIT BOASTS 3 BEDROOMS, 1 BATH PLUS DEN OFF OF LIVING ROOM & ENCLOSED PORCH. SECOND UNIT ALSO FEATURES AN ATTACHED DEN OFF OF THE BEDROOM & ENCLOSED PORCH OFF OF THE KITCHEN. TENANTS PAY ALL ELECTRIC AND HEAT ON SEPARATE METERS. BASEMENT FEATURES LAUNDRY, STORAGE & NEW GLASS BLOCK WINDOW. SCHEDULE YOUR SHOWING NOW AS THIS PROPERTY IS SURE TO GO FAST!

7038 S Woodlawn Avenue, Chicago
$430,000
7 Beds ⋅ 2 Baths ⋅ 11897081 MLS ⋅ NEW Status
This is a gorgeous newly renovated modern two flat in Woodlawn extremely close to the Obama Presidential Center under construction. There's a large basement that can be easily converted to a duplex down. There are 7 bedrooms and 2 bathrooms total. The top floor unit is 4 bedrooms 1 bathroom and the first floor unit is 3 bedrooms 1 bathroom. Porch, Windows, HVAC, Door, and Fence, Parking Pad and Walkway were all new in 2021. There is an AstroTurf Lawn in the front and back of the property. This can be perfect for an owner occupant looking to rent out the other unit or someone who is looking for an investment property.

6628 S Langley Avenue, Chicago
$379,900
8 Beds ⋅ 3 Baths ⋅ 11896574 MLS ⋅ NEW Status
Solid brick 2 flat with a garden unit in the heart of Little Village. The first and second floor apartments feature 3 bedrooms each, living room, dining room, kitchen, one bath, pantry and access to porch. The garden unit features 2 bedrooms (both very large), living room, eat in kitchen and a bath. The exterior offers a good size yard, 2 car garage and 6 ft fence in the front and around the property. Walking distance to middle school, shopping and dining. There have been many updates over the years including a new roof and some HVAC.

2611 S Millard Avenue, Chicago
$700,000
5 Beds ⋅ 2 Baths ⋅ 11897067 MLS ⋅ NEW Status
Newly renovated 2 flat in one of nation's favorite places to live--Andersonville. With some vintage features in tact, this newly renovated bright 2 flat features 2 bed/1 bath unit and 3 bed/1 bath fully renovated interiors featuring new blue kitchens with new appliances and white quartz, new baths, new separate central air (2023) and separate furnace (approx. 10 years old) on each floor (tenants pay their own utilities, two hot-water tanks, refinished hardwood floors, new carpeting in bedrooms and front hallway, new light fixtures, new windows, sun porches, newly coated roof with 10-year warranty, 2 laundry hook-ups in lower level, built-ins, 2-car deep garage. First floor has decorative fireplace in dining room. Interiors are beautiful and awaiting your furniture. Also, one cannot beat location just steps from all that Andersonville has to offer. Come see thIs beautiful property. Restaurants, shops, culture, garden center, nightlife--it does not get better than this.

5216 N Paulina Street, Chicago
$779,900
8 Beds ⋅ 4 Baths ⋅ 11897045 MLS ⋅ NEW Status
Welcome to 1724 W Cullerton located in the vibrant and sought-after Pilsen neighborhood. This picturesque home offers a unique opportunity for both investors and owner occupants. With 8 bedrooms and 4 baths spread across 3 units and the 4th unit being a coach house, this property provides space for comfortable living and passive rental income. Each unit boasts its own distinct charm and character, offering a variety of possibilities for customization and personalization. The exterior features of this property are equally impressive. This massive brick building definitely stands out on the block. This home places you in the midst of a vibrant community known for its rich cultural heritage, art galleries, and trendy restaurants. Enjoy exploring the nearby parks, shops, and local attractions, all just a stone's throw away from your doorstep. Don't miss out on this incredible opportunity to own a piece of Pilsen's charm and make this property your own. Schedule a showing today and envision the endless possibilities that await in this remarkable home.

1724 W Cullerton Street, Chicago
$115,000
5 Beds ⋅ 4 Baths ⋅ 11896995 MLS ⋅ NEW Status
This money-making 3-flat is configured as a 2/1 garden unit, a 1/1.1 first floor simplex and a 3/1 duplex up. The HVAC and hot water heater are +/- 4 years old. Located directly across the street from an elementary school park, 1/2 block to Metra's S. Shore Line, close to shopping and restaurants along Exchange & Commercial Avenues and just a 15 minute ride to Millennium Park's Bean! Sale price includes architectural plans for creating a 3/2 duplex in the 3rd floor. Architect can amend and change plans according to the buyer's preferences. Alternatively, the building can also be de-converted into large 5/3 SFH! Massive $3,500-$4,000 per month cash flow potential! Comps in the immediate area are between $300-$400K. See Broker Private Remarks for a link to stabilized comps. PLEASE NOTE: This property is vacant and requires moderate+ work throughout. It is NOT currently habitable and an experienced handyperson or GC is needed to handle the work.

8248 S Houston Avenue, Chicago
$329,000
7 Beds ⋅ 2 Baths ⋅ 11896958 MLS ⋅ NEW Status
Welcome to this fantastic 2-unit brick building, an exceptional opportunity for savvy investors and future homeowners looking to secure a smart investment in Chicago's vibrant real estate market. This well-maintained property is situated in a prime location and offers a range of possibilities to suit your needs. The first-floor unit features 3 bedrooms, 1 bathroom, and is currently occupied by a CHA tenant paying $1,488 per month. On the second floor, you'll find a spacious 4-bedroom unit with a bathroom, currently rented to a CHA tenant at $1,706 per month. Both tenants are on month-to-month leases, providing you with the flexibility to occupy one unit as a homeowner and have the second unit help pay your mortgage or keep both units for investment income. Additionally, each unit has separate utilities, gas forced air heating, and beautiful hardwood floors. Don't miss this well-maintained gem offering both financial potential and housing flexibility.

4458 W West End Avenue, Chicago
$449,900
6 Beds ⋅ 4 Baths ⋅ 11896939 MLS ⋅ NEW Status
*WAIT, STOP THE CAR!!!!*HERE IT IS!*A REDESIGNED LUXURY MULTI FAMILY LIKE NO OTHER ON THE MARKET!*WHO SAID YOU CAN'T HAVE IT ALL?*YOU'LL FIND IT HERE!*THIS DEVELOPER SPARED NO DETAILS WHEN REDESIGNING THIS 1894 BUILT STRUCTURE*THE CURB APPEAL STARTS WITH UPGRADED IRON STAIRS AND RAILINGS*THE ENTRY OF UNIT 1 GREETS YOU WITH HIGH CEILINGS WITH RECESSED LIGHTING AND 8 BLADE CEILING FAN*THE BLOND HARDWOOD FLOORS WILL CAPTURE YOU WITH ITS UNIQUE DESIGN*THE 1ST FLOOR OF UNIT 1 OFFERS A BEDROOM AND FULL BATHROOM*THE KITCHEN FEATURES CUSTOM CABINETRY, STAINLESS STEEL APPLIANCES AND CUSTOM COUNTERTOPS*THERE ARE ALSO SLIDING GLASS DOORS LEADING TO THE IRON BUILT DECK*THE SECOND FLOOR OF UNIT 1 OFFERS 3 ADDITIONAL BEDROOMS*EACH FULL BATHROOM OFFERS SPA JET SHOWERS*THE MASTER BEDROOM ALSO HAS AN 8 BLADE CEILING FAN, WALK IN CLOSET AND SEATED SPA JET SHOWER*THE ADDITIONAL BATHROOM ON THE 2ND FLOOR OFFERS A WHIRLPOOL TUB AND SPA SHOWER*IN UNIT LAUNDRY ARE INCLUDED FOR BOTH UNITS*THE GARDEN LEVEL IS PERFECT FOR ADDITIONAL INCOME, HOUSE HACKING OR RELATED LIVING!*YOU'VE SEEN NO OTHER LOWER LEVEL THIS NICE FEATURING PROFESSIONALLY CREATED EPOXY FLOORS*2 BEDROOMS*SPA SHOWER, WHIRLPOOL TUB AND BLUETOOTH SPEAKER*KITCHEN ALSO HAS CUSTOM CABINETRY, CUSTOM COUNTER TOPS AND STAINLESS STEEL APPLIANCES!*ALL MECHANICS IN THIS BUILDING ARE NEW FROM THE HVAC SYSTEM, PLUMBING, ELECTRIC, DRAIN TILE SYSTEM, BRICK WORK, IRON WORK AND PARKING PAD THAT CAN FIT UP TO 4 CARS IN YOUR PRIVATELY ENCLOSED YARD*THIS BEAUTY IS LOCATED MINUTES FROM THE PINK LINE, FARM ON OGDEN, PILSEN COMMUNITY AND SO MUCH MORE!*SEE IT BEFORE ITS GONE!!!!*

2139 S Millard Avenue, Chicago
$369,000
11 Beds ⋅ 3 Baths ⋅ 11896952 MLS ⋅ NEW Status
Welcome to this well-maintained, income-producing gem! This charming brick 3-unit building offers a fantastic investment opportunity. The first-floor unit boasts 3 bedrooms and 1 bath, while the second and third-floor units each feature 4 bedrooms and 1 bath. Hardwood floors grace all three units, complemented by gas forced air heating and separate utilities, ensuring tenant comfort and convenience. Currently, all units are occupied by CHA tenants, generating a solid gross income of $3,874. The first and second-floor tenants are on month-to-month leases, providing the new owner with the flexibility to occupy one unit while enjoying rental income from the remaining two. The third-floor tenant is secured with a lease in place until March 2024. Don't miss out on this fantastic investment opportunity - seize the chance to own this income-producing property in excellent condition.

1217 S Kildare Avenue, Chicago
$399,000
12 Beds ⋅ 3 Baths ⋅ 11896943 MLS ⋅ NEW Status
This well-maintained brick 3-unit building presents an excellent investment opportunity. Each of the spacious units boasts 4 bedrooms, 1 bath, hardwood floors, and gas forced air, ensuring comfortable living for tenants. With separate utilities, managing the property is a breeze. Currently, all units are leased to CHA tenants, generating a solid gross income of $4,412. The first and second-floor tenants are on a month-to-month arrangement, providing the flexibility for the new owner to occupy one unit while maintaining rental income from the others. The third-floor tenant is secured with a lease in place until March 2024. Don't miss out on this income-producing gem in a well-maintained condition.

1541 S Hamlin Avenue, Chicago
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Residential Real Estate Investment in Chicago: The Benefits and Considerations (With a Twist of Humor)

Chicago, a city that's famous for its pizza, hot dogs, and... real estate investments? That's right folks, we're talking about investing in the Windy City's residential real estate market. In this blog post, we'll take a lighthearted look at the benefits of investing in Chicago real estate and what you need to consider before you dive in.

Benefits of Investing in Chicago Real Estate

Strong Economic Fundamentals: Chicago's economy is as solid as a slice of deep dish pizza, with industries like finance, healthcare, and technology driving job growth and stability. This provides a great foundation for real estate investment and the potential for long-term appreciation and rental income. Just don't try to eat the appreciation, it won't taste as good as the pizza.

Growing Population: With an estimated population of 2.7 million residents in 2021, Chicago's population is growing faster than a Cubs fan's excitement during the World Series. This means more demand for housing and more opportunities for residential real estate investment.

Affordable Options: Compared to other big cities, Chicago offers relatively affordable real estate options, making it a great choice for those who want to maximize their investment returns without having to eat ramen noodles for the next 10 years.

High Rental Demand: Chicago is a popular destination for renters, with a strong demand for rental properties. This demand creates consistent rental income for landlords, who can then afford to treat themselves to a Chicago-style hot dog every now and then.

Renovation Opportunities: Many older homes and buildings in the city are undergoing renovations and upgrades, adding value to the existing housing stock and making it an attractive opportunity for real estate investment. Just imagine, you could own a piece of Chicago history and also have a modern kitchen to make those deep dish pizzas.

Considerations Before Investing in Chicago Residential Real Estate

Location: Location is crucial when it comes to real estate investment, just like NOT putting ketchup on your hot dog is crucial if you're from the Windy City. Popular neighborhoods for residential real estate investment in Chicago include Portage Park, Lincoln Park, Lakeview, and River North.

Property Type: The residential real estate market in Chicago offers a variety of property types, including single-family homes, condominiums, and multi-unit buildings. Each property type offers unique benefits and challenges, so it's important to consider your investment goals and do your research. Just don't try to live in a condominium if you have multiple dogs, trust us.

Financing: Financing options for residential real estate investment in Chicago include traditional mortgage loans, cash purchases, and hard money loans. Working with a lender who understands the local real estate market can help you secure the best financing options for your investment goals. Just don't use your hot dog cart money to finance your investment.

Professional Assistance: Investing in real estate can be complex and requires a good understanding of the local market, regulations, and financing options. Working with a real estate agent who specializes in investment properties and a local property management company can be helpful in navigating the process and maximizing your returns. Or, if you're feeling adventurous, you can try doing it yourself, just don't mess up and bring ketchup for the hot dogs.

If you're looking for a home that is perfect for your family, you may want to consider a multi-family home.

In Chicago, there are many options to choose from. Multi-family homes come in many shapes and sizes, so whether you're looking for the convenience of a 2-flat AKA duplex, or the space of a three-flat or even 4-flat, you can find it here in Chicago.

Homes are like shoes: they never stop growing.

And when you're looking for the right home, don't settle for a pair that's just going to get you through the week. Get yourself a pair of flats that will take you from day to night, and then some.

Because at RE/MAX In The Village, we know that when you invest in a home, it's not just about what works now—it's about what works later on down the line. A lot can change in 10 years: your family might grow by one or two (or three or four…), your job could move to another state, and even your taste buds might change. And when those things happen, you want to know that your house is ready for whatever comes its way.

That's why we offer homes with plenty of flexibility: whether you're looking for something spacious enough for a big family but still cozy enough for date night; or if you're looking for something small and modern but still comfortable and cozy; or if you're just looking for something fun and funky -- Laurie Christofano your Realtor in Chicago will put her thinking cap on and help you find your dream home.

Investing in Chicago's residential real estate market can be a lucrative opportunity with many benefits, including strong economic fundamentals, a growing population, affordability, high rental demand, and renovation opportunities. However, it's important to consider the location, property type, financing options, and professional assistance before making a decision. By doing your research and working with the right team, you can achieve success in this dynamic market.

Is it a good time to sell my 3-flat in Chicago?