please call., Chicago, IL 60644

Property Description

Rarely available Austin 4-flat with strong income potential and substantial capital improvements throughout the years. Property appraised at $500,000 in July 2023. Recent unit updates include a 2025 rehab of Unit 1E and a 2022 rehab of Unit 1W. Major building improvements include a rubber roof installed on both the building and garage in 2015, with maintenance touch-ups completed in 2021, and a rear porch rebuilt to code in 2013. The property features individual furnaces for each unit and the basement, installed in 2004, with the furnace in Unit 2E replaced in 2010. All furnaces are serviced annually, and tenants pay for their own heat. Additional improvements include the replacement of all 72 windows with high-efficiency double-pane Low-E aluminum windows; a water heater installed in December 2022; copper plumbing added on the west side and part of the east side of the building in 2006; and sewer lines repaired with a new liner in 2026, which includes a limited warranty. Two two-car garages generate an additional $100 per garage per month ($200 total), bringing the property's total monthly income to approximately $5,150. Unit 1W is leased through Section 8. Unit 2W is rented below market value in exchange for tenant assistance with building maintenance. Property is sold AS-IS.

Property Features

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