Search Duplex and 3-flats for sale in Chicago

Newest Duplex and 3-flats for sale in Chicago

6 Beds 2 Baths 11995703 MLS NEW Status
Welcome to a captivating investment opportunity. This well-maintained 2-unit building promises a harmonious blend of comfort, style, and financial upside. This property boasts a total of 6 bedrooms and 2 bathrooms, with each unit featuring 3 bedrooms and 2 bathrooms-a layout designed for both convenience and spacious living. Immerse yourself in the timeless elegance of hardwood floors that seamlessly flow throughout each unit, providing a warm and inviting atmosphere. The first floor has undergone recent improvements, enhancing its appeal and functionality. Experience a contemporary living space with upgraded features that cater to modern lifestyles. Unlock the financial possibilities of the unfinished basement, which holds the potential for a third unit. With the addition of this extra unit, you can maximize rental income or create a separate living space for extended family. Each unit boasts three generously sized bedrooms, providing residents with ample personal space and flexibility in room usage. Enjoy the convenience of two well-appointed bathrooms in each unit, featuring modern fixtures and finishes. The property's current configuration offers flexibility for both investors and homeowners, providing options for multi-generational living, renting out both units, or maximizing rental income by completing the basement. Don't miss the chance to own this versatile 2-unit building with the added bonus of potential income growth. Whether you're seeking a wise investment or a spacious home, this property presents a unique opportunity. Schedule a viewing today and envision the possibilities that await in this well-crafted real estate gem.

1006 N Massasoit Avenue, Chicago

6 Beds 3 Baths 11993951 MLS NEW Status
Welcome to this exceptional investment property boasting a generous 2,893 square feet of living space! Nestled in a desirable location, this property offers not one, but two meticulously designed apartments, each presenting a perfect blend of comfort and functionality. Enter each apartment to discover a well-appointed layout featuring 3 bedrooms, providing ample space for tenants to unwind and personalize their living quarters. With separate living rooms and dining areas, residents can enjoy privacy and relaxation in their own sanctuary. One of the highlights of this property is the individual water heaters and boilers for each apartment, ensuring reliable hot water and heating while simplifying maintenance tasks. Additionally, with separate gas and electric meters for each unit, tenants have the convenience of managing their utility expenses independently. Step outside into the expansive cemented backyard, offering a versatile outdoor space for leisure activities or potential enhancements. The two-car garage located in the rear provides secure parking and additional storage space, adding to the property's appeal for potential tenants. Venture downstairs to discover the full basement, a valuable addition to this investment property. Finished and complete with a full bathroom, the basement presents endless possibilities for additional storage or recreational areas, enhancing the property's rental potential and value. Notable updates include windows installed in 2004 for energy efficiency and a newer roof from 2018, providing durability and peace of mind for years to come. Whether you're an experienced investor or embarking on your first venture, this property offers a compelling opportunity to generate steady rental income and maximize returns. Schedule a showing today and unlock the full potential of this exceptional investment gem! Sold As-Is.

4822 W George Street, Chicago

5 Beds 3 Baths 11994333 MLS NEW Status
A stunning 2-flat building nestled on an extra-wide lot measuring an expansive 40x125. Meticulously designed and boasting recent remodels, this property is a true gem for both investors and homeowners. Both Unit 1 and Unit 2 were remodeled in 2015. Each unit offers 2 bedrooms, 1 bathroom, a spacious living room, a formal dining room, an updated kitchens, and a sunroom that bathes the interiors in natural light. Unit 2 has its own washer and dryer. The basement, fully remodeled in 2019, extends the allure of this property with a chic 1-bedroom apartment. Boasting a comfortable living room, a tastefully updated bathroom, and a modern kitchen, washer & dryer, the basement space is perfect for guests, extended family, or additional rental income. Parking is a breeze with a newer 2-car garage and an additional 4 exterior parking spaces, providing ample convenience for residents and guests alike. A small deck in the back adds a touch of outdoor charm, offering a private retreat for relaxation or entertaining. Situated in a sought-after location, this 2-flat building close to amenities, schools, and transportation, it offers the perfect blend of comfort and accessibility. Whether you're an investor or a homeowner, this 2-flat building is a must-see. Schedule your tour today and step into a world of possibilities! New roof 2022, 2 new tankless water heaters 2022. Central heating (1 furnace for both unit 1 & 2).

1928 N Keeler Avenue, Chicago

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Discover Lucrative Apartment Buildings for Sale in Chicago

Introduction to Chicago's Apartment Market:

Dive into the thriving world of real estate investment with a range of apartment buildings for sale in Chicago. This vibrant city offers a unique mix of historical charm and modern development, making it an attractive market for real estate investors.

Why Invest in Chicago Apartment Buildings:

Chicago's diverse neighborhoods, robust rental market, and ongoing development projects make it a prime location for investing in apartment buildings. Whether you're looking at high-rise buildings in the bustling downtown or multi-family units in tranquil suburbs, Chicago's market presents numerous opportunities for lucrative investments.

Market Trends and Opportunities:

The Chicago apartment market is dynamic, with trends showing a steady demand for rental properties. Investment in Chicago apartment buildings can yield significant returns due to the city's large population, diverse economy, and status as a major cultural and financial hub.

Exploring Diverse Neighborhoods:

Each of Chicago's neighborhoods offers its unique charm and investment potential. From the upscale apartments in neighborhoods like Gold Coast and Streeterville to the more affordable options in areas like Logan Square and Pilsen, the city caters to a wide spectrum of investment preferences.

Your Investment Partner in Chicago:

Finding the right apartment building requires local market knowledge and expertise. We provide comprehensive support in identifying and acquiring properties that align with your investment goals. From market analysis to navigating the purchasing process, our team is here to assist you every step of the way.

Start Your Investment Journey:

Explore our listings of apartment buildings for sale in Chicago and embark on a rewarding investment journey in one of America's most dynamic cities. Connect with us for personalized guidance and start building your real estate portfolio today.

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?