Search Duplex and 3-flats for sale in Chicago

Newest Duplex and 3-flats for sale in Chicago

$479,900
5 Beds ⋅ 3 Baths ⋅ MRD11740739 MLS ⋅ NEW Status

2180 N Mango Avenue, Chicago
$349,000
4 Beds ⋅ 3 Baths ⋅ MRD11740659 MLS ⋅ NEW Status
BEAUTIFUL BRICK PROPERTY 2-FLAT WITH FULL BASEMANT AND 1/2 BATH. IN GOOD CONDITION. HUGE BEDROOMS, HUGE LIVING ROOM WITH SEP DINING ROOM IN EACH FLOOR. POSSIBILITY OF THIRD BEDROOM. ROOM IN THE BASEMENT FOR ADDITIONAL EXPANSION. FEATURING LOTS OF UPDATES INCLUDING NEWER FURNACE 2017, BOILER 2019, WINDOWS, ROOF AND BATHROOMS, BUT SELLING "AS IS." EXTRA WIDE LOT 37X125. OWNER WILLING TO HELP WITH CLOSING COSTS! PRICED TO SELL! MTM Tenant family related.

1036 N Avers Avenue, Chicago
$450,000
6 Beds ⋅ 3 Baths ⋅ MRD11740476 MLS ⋅ NEW Status
AMAZING OPPORTUNITY ON THIS GREAT STREET IN ALBANY PARK. EACH UNIT HAS 3 BEDROOMS AND 1 BATH. PARTIALLY FINISHED BASEMENT. LONG TERM TENANTS ON MONTH TO MONTH. LARGE YARD AND 2 CAR CARAGE. PROPERTY BEING SOLD "AS IS".

4947 N Troy Street, Chicago
$89,000
5 Beds ⋅ 2 Baths ⋅ MRD11740462 MLS ⋅ NEW Status
This property, located at 5840 S Shields Ave, Chicago IL 60621, is a two-unit frame property with 5 bedrooms, 2 bathrooms, and an unfinished basement. It comes with a two-car garage. Sitting close to public schools, parks, and less than 5 minutes away from the i-90/Chicago skybridge, this property is ideal for the aspiring investor to fix up, rent out and get cashflow. This property requires a complete renovation. The buyer will receive a clear title upon closing. Zoned RS-3 (Single family homes & 2-flat)

5840 S Shields Avenue, Chicago
$320,900
8 Beds ⋅ 2 Baths ⋅ MRD11740461 MLS ⋅ NEW Status
Unique 2-unit Greystone Building! Where each unit mirrors the other with 4 bedrooms 1 bath, hardwood floors w/ craftsmanship trim, modern fixtures, and updated kitchens with white shaker cabinets, and granite countertops. Each unit host 4 spacious bedrooms with suitable closet space. MBR has a decorative trayed ceiling, with a bay shaped window.The owner has started the renovation for a fully functional basement living quarter with preparation for a full kitchen, full bathroom, and 2- B/R with additional living room space that your buyer could be finished for family related living. Each unit has separate electric, gas furnace, and hot water tank.

7414 S Harvard Avenue, Chicago
$325,000
10 Beds ⋅ 4 Baths ⋅ MRD11740441 MLS ⋅ NEW Status
WELCOME TO WEST GARFIELD!!! THIS 2FLAT GREYSTONE WITH A BONUS GARDEN UNIT IS A GREAT OPPORTUNITY TO LIVE IN 1 UNIT FREE AND LET THE OTHERS PAY THE MORTGAGE. 10 BEDROOMS TOTAL! 1ST FLOOR 3 BEDS 1 BATH...2ND FLOOR 4 BEDROOMS 1 BATH ...GARDEN UNIT 3 BEDROOMS 2 BATHS(MASTER SUITE). NEWER ROOF, STAINLESS STEAL APPLIANCES, IN UNIT WASHER/DRYER, CENTRAL AIR CONDITIONING. LARGE ROOMS AND UPDATED MECHANICALS. PRICE TO SELL!!! DON'T MISS THIS OPPORTUNITY.

3912 W Lexington Street, Chicago
$345,000
10 Beds ⋅ 4 Baths ⋅ MRD11740381 MLS ⋅ NEW Status
BRICK THREE UNIT IN LAWNDALE AREA - GREAT INVESTMENT OPPORTUNITY FOR YOUR HANDYMAN CLIENTS! BUILDING NEEDS MINOR UPDATING. THREE BEDROOMS IN THE 1ST AND 2ND FLOOR; THIRD UNIT IS DUPLEXED TO THE ATTIC WHICH INCLUDES A MASTER SUITE AND BATH. HARDWOOD FLOORS THROUGHOUT THE UNITS; EACH UNIT IS ALSO EQUIPPED WITH LAUNDRY HOOKUP. EXTERIOR INCLUDES INSTALLED WROUGHT IRON STAIRS IN THE FRONT AND REAR OF THE BUILDING. SEPARATE METERS FOR EACH OF THE UNITS. PARKING IN REAR; CARPORT INCLUDES TWO SPACES. NEWER WATER HEATERS IN 2 OF THE UNITS. SOLD AS-IS AND PRICED TO SELL!

1626 S Karlov Avenue, Chicago
$240,000
2 Beds ⋅ 3 Baths ⋅ MRD11740322 MLS ⋅ NEW Status
Come check out this MUST See all brick, 2-flat located in the heart of North Lawndale. Well maintained, this building has been used for corporate occasions. Tons of potential to make this multiunit yours. Second floor was previously an upstairs apartment that includes 2 offices, a kitchen area, and a conference room.

1847 S Pulaski Road, Chicago
$79,900
4 Beds ⋅ 2 Baths ⋅ MRD11740291 MLS ⋅ NEW Status
This solid, all-brick 2-flat is ready for a new lease on life! Currently configured as a pair of 2 bedroom 1 bathroom units, this little scrapper can be duplexed-down into the very tall basement to create a stout 4 bedroom 2 bathroom owner's duplex or high-performing rental. The property needs renovation throughout and will make the next owner or flipper a bunch of money! 4/2 ARV FMV comps trade for $250,000 and expanded 6/3s trade for over $350,000! Ideally located a stone's throw from Englewood's vibrant epicenter at 63rd & Halsted. Public transport is just steps away from both the CTA's #63 63rd Street and #44 Racine bus routes and the Halsted Green Line is a 10 minute walk.

1111 W 62Nd Street, Chicago
$749,900
6 Beds ⋅ 4 Baths ⋅ MRD11740289 MLS ⋅ NEW Status
Live in highly sought Logan Square, half a block from train and one block from Palmer Square Park. This charming 2 flat has a 1st floor with 2BR/1Ba, updated kitchen, stainless steel appliances, dining room, hardwood floors and has laundry access in Bsmt. The 2nd floor is a 2BR/1Ba updated Chef's dream kitchen, updated Bath, stainless steel appliances, dining/living room. Additionally, this home boasts a charming top Attic with 1BR/1Ba, Living room and kitchen (no stove but hookup included). The Basement features a 1BR/1Ba, all appliances, living room and full size W/D in unit. Property features separate 3 gas meters, 3 electric meters, 4 A/C units, 3 newer water heaters, Copper piping throughout, new electric system and the 2-car garage boasts a 220V charge for electric vehicles. Gdn unit generates $850 rent/mo. and Attic $750. Walk to Revolution Brewery, Logan Bar, Boiler Room, The Whale, Chicago Diner, so much more and for groceries walk to Target. For the athletic the 606 Trail is about 6 blocks away.

2843 W Lyndale Street, Chicago
$94,900
6 Beds ⋅ 4 Baths ⋅ MRD11740278 MLS ⋅ NEW Status
Nice opportunity in East Englewood. Great bones on this huge four unit building located blocks from the Kennedy King campus, great transportation routes, and shopping. Featuring two one bedroom units, and two two bedroom units, separate living and dining rooms in each unit, and plenty living space. Bring your rehab ideas! Truly a diamond in the rough.

953 W 68Th Street, Chicago
$850,000
8 Beds ⋅ 3 Baths ⋅ MRD11736741 MLS ⋅ NEW Status
WELL MAINTAINED TURNKEY VINTAGE LAKEVIEW 3 FLAT- GREYSTONE. -SECOND FLOOR FEATURES 3 BED 1 BATH-UPDATED KITCHEN AND BATH -MAIN FLOOR FEATURES 3 BED 1 BATH-UPDATED KITCHEN AND BATH-GARDEN APARTMENT FEATURES 2 BED/WALK-IN SHOWER.-WASHER DRYER(COIN OPERATED)OUTDOOR REAR COVERED PATIO-NO GARAGE -NO ALLEY HARDWOOD OAK FLOORS THROUGHOUT-PLASTER CEILINGS-NEW ROOF 5YEARS-FURNACE/AC NEW 5 YEARS-COMPLETE TUCKPOINT OF ENTIRE BUILDING 3 YEARS-NEW 15K FLOOD CONTROL SYSTEM INSTALLED. SECURITY CAMERAS INSTALLED NOT ACTIVATED. LAKEVIEW HIGH SCHOOL 1 BLOCK AWAY,CTA AND BLUE LINE WITHIN WALKING DISTANCE-WRIGLEY FIELD- LAKEFRONT. PRIME CHICAGO LOCATION-INVESTMENT OR OWNER OCCUPIED

1603 W Belle Plaine Avenue, Chicago
$399,999
5 Beds ⋅ 3 Baths ⋅ MRD11740190 MLS ⋅ NEW Status
Welcome to this beautifully renovated 2 flat! Everything is NEW! First unit has 3 bedrooms and is duplexed up with gorgeous high ceilings and a custom electric fireplace. Second unit has 2 bedrooms. Both units have large enclosed back porches. New roof, furnaces, water heaters. Privacy fenced all around. Other features of this incredible property include a two-car garage, and a convenient location close to schools, parks and plublic transportation. Don't miss your opportunity to own this amazing investment in North Lawndale! Live in one unit and rent the other. Schedule your showing today!

2145 S Millard Avenue, Chicago
$379,000
4 Beds ⋅ 2 Baths ⋅ MRD11740110 MLS ⋅ NEW Status
Gut rehabbed brick 2 unit. All new iron fencing, property has new plumbing, electric, furnaces, ac, hot water tanks, Each apartment has hardwood flooring with design ceramic tiles in bathrooms. Spacious bedrooms with closets. Kitchens with nice cabinets, granite countertops, new appliances, light fixtures, and finished basement with front and back door. close to public transportation, restaurants, stores etc.

6235 S Artesian Avenue, Chicago
$375,000
6 Beds ⋅ 4 Baths ⋅ MRD11740056 MLS ⋅ NEW Status
Unique opportunity to own this rare 3 unit brick building with a bonus garden unit. The property has a fenced yard, brick 3 car garage and side drive for plenty of parking. The units have beautiful hardwood floors, living room, separate dining room, 2 bedrooms, and a bonus room that could be used as a bedroom, office, or family room. This beauty is a gem that needs a little polishing. Don't miss the opportunity.

Chicago
$245,000
7 Beds ⋅ 3 Baths ⋅ MRD11710208 MLS ⋅ NEW Status
ATTENTION INVESTORS!!! DESIRED AUSTIN AREA ...YOU DON'T WANT TO MISS THIS SINGLE-FAMILY HOME THAT HAS 2 BEDROOMS 1 BATH PLUS KITCHEN ON THE FIRST FLOOR ...3 BEDROOMS 1 BATH PLUS KITCHEN ON THE SECOND FLOOR AND A GARDEN UNIT WITH 1 BED 1 BATH. LARGE UNITS WITH SOME UPDATES NEEDED TO REALIZE FULL POTENTIAL. THIS IS A SOLID OPPORTUNITY TO TURN HARDWORK INTO EQUITY WITH CASH FLOW. PROPERTY SCREAMS INCOME POTENTIAL. UNITS HAVE SEPARATE UTILITIES. 2 CAR GARAGE. PROPERTY BEING SOLD AS-IS!!!

5405 W Congress Parkway, Chicago
$100,000
4 Beds ⋅ 2 Baths ⋅ MRD11739979 MLS ⋅ NEW Status
Two story single family house in prime area just a few blocks from the elementary school. This property is ready & primed for your rehabber investors. Interior fully demo'd and plans completed & finished and ready for submission to the city. Plans already been approved under prior architect. Just need to be resubmitted for final approval. Interior of property has been fully demo'd and is ready for rehab. Exterior cleaned up and damage garage demo'd with concrete pad ready for parking. Survey more than 6 months old will be provided with a no new improvements affidavit.

8223 S Houston Avenue, Chicago
$443,875
9 Beds ⋅ 3 Baths ⋅ MRD11739867 MLS ⋅ NEW Status
If you're looking for an amazing investment opportunity, look no further!!! All brick recently rehabbed 4-unit in Auburn Gresham. 3 - 3 bedroom 1 bathroom units offering eat-in kitchens, formal dinning, and hardwood floors throughout. Additional unit features 2 bedrooms 1 full bath. Building comes with newer 2 car garage. close to all major expressways, shopping and public transportation. All unit are currently rented on month to month agreements. Potential Rent is $6,000/mo | $72,000 annually. Amazing investment opportunity awaits!!!

7930 S Paulina Street, Chicago
$424,999
9 Beds ⋅ 3 Baths ⋅ MRD11739760 MLS ⋅ NEW Status
Introducing a STUNNING, fully refurbished duplex down multi-unit that is the epitome of modern luxury living. This BEAUTIFUL property has been completely renovated with state-of-the-art finishes and high-end materials, making it the perfect blend of style and functionality. Boasting a total of 9 bedrooms and 3 Full Bathrooms, you are sure to value the home at its full As you step inside, you'll immediately notice the brand new touches to the interior of the home that gleam in the natural light. As well as brand new stainless steel appliances give the kitchen a sleek and contemporary feel. The new hardwood flooring in the living areas adds warmth and character to the space, while the ceramic tile flooring in the bathrooms and kitchen adds a touch of sophistication. The European showers in the bathrooms are a standout feature, providing a spa-like experience that's perfect for relaxation and rejuvenation after a long day. The modern kitchens are thoughtfully designed with ample counter space, sleek cabinetry, and high-end appliances that are perfect for cooking and entertaining. Conveniently located in an up-and-coming area, this property is just a stone's throw away from public parks, a hospital, and a variety of amenities. Whether you're in the mood for a morning jog or an evening out with friends, you'll never be too far from your favorite places. In short, this fully refurbished duplex down multi-unit is a rare gem that offers modern luxury living at its finest. With its impressive array of high-end finishes, convenient location, and impeccable design, it's sure to impress even the most discerning home buyers.

6745 S Campbell Avenue, Chicago
$275,000
5 Beds ⋅ 2 Baths ⋅ MRD11739758 MLS ⋅ NEW Status
Great Investment Opportunity! Lovely solid 2 unit brick building in developing South Austin. This property is being listed for the first time and has enormous potential. Calling all savvy investors to take advantage of an amazing opportunity to owner occupy or tap into the current rental market. Both units are livable and well kept. However, both units need renovating in order to bring up to modern standards. The second floor unit has three bedrooms and one bathroom, new kitchen floors, cabinetry, and appliances. The first floor has two bedrooms and one bath. Bring your ideas to complete the unfinished basement for additional living space. The roof is less than 5 years old, plumbing and electric updated less than 10 years ago. The property is minutes away from Oak Park, Restaurants, Columbus Park, Shopping, I 290 expressway, Public Transportation (CTA & Metra). The owner is currently receiving market rent for both units. $1,200 & 1,300 per month. Tenants pay electric only.

5542 W Monroe Street, Chicago
$439,900
6 Beds ⋅ 3 Baths ⋅ MRD11739642 MLS ⋅ NEW Status
Beautiful well maintained brick 2 Flat with finished english basement. Fully occupied, 2 units have 3bedrms 1 bath and garden studio apartment. Great location near all. New floors on the second floor. Hardwood flooring under the carpet.

5416 S Lockwood Avenue, Chicago
$849,900
6 Beds ⋅ 3 Baths ⋅ MRD11739497 MLS ⋅ NEW Status
Estate Sale. "As-Is". Huge brick 2 flat with a full finished basement complete w/ new kitchen and updated bathroom. Situated on an oversized 37x125 lot in North Center. Meticulously maintained by current owner. Custom fresh paint throughout. Both units have crown moldings, LED lights, newer updated kitchens with SS appliances & SS vented kitchen hoods, granite counters & 42' cabinets. 2 updated baths with custom tile throughout, glass doors & jacuzzi tub. Hardwood floors throughout. 1st & 2nd floors have 3 bed/1 bath and enclosed sun porch. Ample custom closet space.Long concrete side driveway for additional off-street parking. Huge oversized 3 car garage with high ceilings & 2 additional storage rooms. 2 central heating units and 1 central air conditioning unit. No disclosures. New roof, 2 new water heaters. Basement apartment is not verified as legal unit. Brick / Facade work done in the past 3 years. Washer Dryer in unit. Coonley & Lakeview High School school district.

1835 W Berteau Avenue, Chicago
$102,900
4 Beds ⋅ 2 Baths ⋅ MRD11739381 MLS ⋅ NEW Status
THIS PROPERTY IS AMAZING! 2 BEDROOMS ON EACH FLOOR. A TOTAL OF 4 BEDROOMS. LOTS OF EXTRA SPACE ON EACH FLOOR. VERY LARGE YARD. HOMES IN AREA SELLING FOR OVER $200,000 AFTER REHAB. EACH FLOOR HAS ITS ON KITCHEN AND EXIT DOOR. BASEMENT HAS ITS OWN EXIT DOOR. THIS HOME IS LISTED WITH THE COUNTY AS AN HOUSE AND TAXED AS A HOUSE, BUT IT IS SET UP AS AN APARTMENT BUILDING ON THE INSIDE. THE PROPERTY IS ZONED RS-3 WHICH IS A ZONE CODE FOR DETACHED SINGLE FAMILY HOMES AND TWO FLATS. THIS PROPERTY HAS 2 BEDROOMS ON EACH FLOOR MAKING IT A TOTAL OF 4 BEDROOMS, 2 KITCHENS, 2 BATHROOMS AND ONE AREA FOR A BATHROOM IN THE BASEMENT THAT CAN BE RESTORED, LIVING ROOMS AND DINING ROOMS ON FIRST AND SECOND FLOORS. THIS IS A MUST SEE. CALL TODAY!!!

10948 S Wabash Avenue, Chicago
$565,000
8 Beds ⋅ 5 Baths ⋅ MRD11739359 MLS ⋅ NEW Status
A RARE OPPORTUNITY TO PURCHASE A MULTI-FAMILY PROPERTY, SITUATED ON A 50" WIDE LOT IN THE GREAT COMMUNITY OF BELMONT-CRAGIN, FAMILY OWNED FOR A +35 YEARS. THE SALE OF THIS PROPERTY INCLUDES AN ADJACENT LOT FOR AN OPPORTUNITY NOW OR LATER TO EXPAND, BUILD, OR ENJOY SUMMERS AS IS. ALL 3 UNITS HAVE SEPARATED UTILITIES, BIG PLUS FOR INVESTORS (CASH FLOW!!) OR OWNER TO LIVE IN ONE UNIT AND RENT THE OTHER 2. GENEROUS SIZE BEDROOMS THROUGHOUT, 5 FULL BATHS, ALL 3 UNITS WITH THEIR OWN PERSONAL WASHER AND DRYER. IN ADDITION A RARE 4 CAR GARAGE AND LARGE REAR PATIO MAKES THIS PROPERTY UNIQUE ON IT'S OWN. You won't find many properties in the area that are in great condition and as spacious as this one. FAST APPRECIATION IN THE EXTREMELY POPULAR NEIGHBORHOOD OF BELMONT CRAGIN! Schedule your showing Today!

3134 N Keating Avenue, Chicago
$189,700
8 Beds ⋅ 4 Baths ⋅ MRD11739356 MLS ⋅ NEW Status
TURN KEY CASH COW! PRIME LOCATION IN ENGLEWOOD! STEPS AWAY FROM STORES, SCHOOLS,THE LIBRARY, TRAIN & EXPRESSWAYS! TREMENDOUS AMOUNT OF MONEY GOING INTO THE AREA! BRICK 4-UNIT, EACH UNIT FEATURES 2 BEDROOMS & 1 BATHROOM. THE BUILDING HAS BEEN VERY WELL TAKEN CARE OF OVER THE YEARS. NEWER ROOF, PORCHES, INDIVIDUAL FORCED AIR FURNACES, REHABBED HALLWAYS, UPGRADED ELECTRICAL & MANY MORE UPGRADES! SOLD AS-IS!

6109 S Normal Boulevard, Chicago
$220,000
5 Beds ⋅ 2 Baths ⋅ MRD11739321 MLS ⋅ NEW Status
Do not miss out on investing in yourself. This investment property offers 2-units that allows you financial freedom by living in one unit and making money off the second unit. First floor unit has 5-rooms - spacious living room, dining room, kitchen, 2-bedrooms, 1-bathroom, laundry and back deck for entertaining. Second floor unit includes 5-rooms - 3-bedrooms that includes a huge master bedroom, living room, eat-in kitchen and 1-bathroom, back deck for entertaining. All appliances stay, 2-stoves and refrigerators, 1-microwave, washer and dryer. Rehabbed in 2015 and new roof 2019. Large fenced yard for privacy - 1-car garage and street parking. Minutes away from schools, transportation, shopping, restaurants and downtown. This property is being sold "AS IS". This is an awesome opportunity to live in one unit and rent out the second unit, all at the same time own investment property and although there is little to do, use your interior decorating skills to design each unit. Again, do not miss out, call for an appointment today.

5414 S Princeton Avenue, Chicago
$432,500
9 Beds ⋅ 6 Baths ⋅ MRD11739274 MLS ⋅ NEW Status
Rarely available Solid Brick Cash-flowing three flat in Chatham!! Each unit features 3 bedrooms, 1 full bathroom 1 half bathroom, separate living and dining rooms, eat-in kitchen, separate furnaces and hot water tanks for each unit. along with hardwood floors throughout. Each unit is rented. 3 car brick garage. There's room for a bonus unit in the basement that features 2 bedrooms & 1bathroom. Already started, just needs finishing. Perfect for owner occupancy or in-law suite. Potential Rent is $6,500/mo | $78,000 annually. Amazing investment opportunity awaits!!!

7925 S Vernon Avenue, Chicago
$520,000
6 Beds ⋅ 3 Baths ⋅ MRD11739267 MLS ⋅ NEW Status
UNDER CONSTRUCTION!!! This gorgeous 2 unit new construction is being built on an extra wide lot, and will be finished in June 2023. Property will feature 4 bedrooms and 2 bathrooms in the duplex down first floor unit with white shaker designer kitchen cabinets, a large peninsula, quartz counter, stainless steel appliances and hardwood floors throughout. The second floor unit will feature 2 bedrooms and 1 bath. There will be a brand new 2-car garage, 2-story back porch, and much more. Great investment opportunity.

836 N Parkside Avenue, Chicago
$1,274,000
10 Beds ⋅ 5 Baths ⋅ MRD11739229 MLS ⋅ NEW Status
Exceptional opportunity to acquire this amazing tall, all-brick, newly renovated 3-flat beauty! Perched on an extra-wide 37.5' lot, this statuesque 3-flat houses an owner's duplex unit (that lives like a single-family home) plus 2 phenomenal rental units. All units have been updated with today's finishes making for ease of rental and the utmost owner's experience. This property is turn-key with major recent improvements including, but not limited to: New ELECTRIC (200 amp service to building), wiring, switches and fixtures. New PLUMBING, copper supply and pvc drains. New tear off ROOF. New KITCHENS, cabinets, countertops, appliances. New BATHS, new vanities, tiles (except unit 2, which has awesome cobalt blue tiles so kept those), fixtures. New MECHANICALS, HVAC (except unit 3), WATER HEATERS. New W/Ds and so much more! Unit 1 is a 4 bedroom, 3 bath duplex. This entire home was gutted, reworking the floorplan and adding great volume to the lower-level ceiling height + radiant floor heating system. The private entry welcomes you into the main level with living room/dining room featuring bay windows and an urban farmhouse inspired decor theme reflected in the raw wood fireplace mantle and shiplap style built-in. A nice-sized bedroom with Murphy bed and an adjacent bath recently renovated with beautiful finishes! On the main level, you'll also find the heart of the home in the gorgeous eat-in kitchen with island for casual seating, large table space with built-in benches for seating, a family room for all to gather and a nice deck off the kitchen, Huge paved backyard for play and entertaining! The lower level of the home features extended ceiling height, radiant heat tile floors, another family room and 3 additional bedrooms! The primary suite has 3 closets, deluxe spa-bath with separate soaking tub, steamer shower, dual-bowl vanity and separate toilet room! The 3rd and 4th bedrooms share and utilize a 3rd full bath and there is side-by-side laundry too! Units 2 & 3 are fantastic rental units producing nice income with little owner expense! Each apartment is newly updated with the floorplans opened up, reflecting today's lifestyle! Each apartment has 3 bedrooms, 1 bath with huge living/dining and new kitchens and updated baths! Tenant favorites such as in-unit washer/dryer, central air and large private decks make these units easy to rent! there is a fantastic, heated 3 car garage for Owner's use or additional income! The location is trending! A gorgeous, one-way tree-lined street just off the ultra-hip California Corridor and a short walk to the Park. Eateries such as Spinning J and Lucys and so much more!

923 N Mozart Street, Chicago
$479,000
7 Beds ⋅ 4 Baths ⋅ MRD11739197 MLS ⋅ NEW Status
Two Unit building PLUS Coach House, 1st floor Apt has 2 BR Formal Dining room, spacious living room enclosed Porch front open Balcony. 2nd floor unit features 3 bedroom Formal Dining Room, Living room, Enclosed porch and open Balcony. Plus a 2 story Coach House with 2 BR, Living Room & Dining Room. Big basement with bathroom and summer kitchen, 3 heating systems. Fully Occupied. Long term tenants. SOLD "AS IS" VERY MOTIVATED SELLER!

4931 W Henderson Street, 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?