Search Duplex and 3-flats for sale in Chicago

Newest Duplex and 3-flats for sale in 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

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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?