Active

7842-7844 S Union Avenue

Chicago IL, 60620

$500,000


Active

10 Beds

4 Baths

Residential

Built in 1880

Courtesy of Keller Williams ONEChicago

This meticulously-maintained 4-unit brick building is a gem waiting to be uncovered by savvy investors like you. Each unit boasts a winning combination of space and functionality. The first floors feature generous 2-bedroom layouts, complete with family room, dining room, kitchen, and the bonus of a duplex down to a finished basement, perfect for maximizing rental income potential. Meanwhile, the second floors offer spacious 3-bedroom residences with a bath, living room, and dining room. Say goodbye to carpet headaches! This building is adorned with a sleek mix of hardwood and tile floors throughout, ensuring durability and easy maintenance for years to come. With current rents below market value, there's ample room for growth. Three units are already occupied with month-to-month leases, while the fourth unit presents an ideal opportunity for house hacking or securing a new tenant at market rent. Benefit from recent upgrades including a brand-new back deck in 2023, a fully finished basement in 2021, plumbing and tuckpointing enhancements in 2020, electrical and window replacements in 2017, and a roof repair also in 2020. This means less hassle for you and increased appeal for potential renters. Situated in a rapidly evolving Auburn Gresham neighborhood, was selected as one of the priority communities for Chicago's INVEST South/West commercial corridor improvement strategy. The creation of new retail and residential spaces, as well as the renovation of existing buildings to support local businesses and improve the neighborhood's overall vitality. These efforts aim to stimulate economic growth, enhance infrastructure, and foster a vibrant community environment. Don't miss out on this chance to capitalize on a thriving market and unlock the full potential of this investment opportunity. Schedule your viewing today.

12050333

MLS ID

May 12, 2024

Listed

May 18, 2024

Updated

Map

7842-7844 S Union Avenue
Chicago IL, 60620

Interior Features

Bedrooms

10


Total Bathrooms

4


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Natural Gas

Exterior/Building Features

Roof

Flat


Sewer

Public Sewer

School Information

School District

299

Other Property Details

Area Name

CHI - Auburn Gresham


Taxes

$1,353


Tax Frequency

Annually


Days on Market

7


Garage

No


Parking

Assigned


Parking Total

4


View

No


County

Cook


Municipality

South Chicago


Water Source

Public


Pool

No


Buyer Agency Compensation

2%-$450

Courtesy of Keller Williams ONEChicago, Lourdes Fernando,
Listing Contact: 312-216-2422 

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Connie Chung are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

Based on information submitted to the  MLS GRID for MRED 5/18/2024. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

©2024 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.

Data last updated 5:38 PM UTC, 5/18/2024

 

 

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