$575,000

Multi Family In Chicago

  • 7 Beds
  • 3 Baths
  • 3,050 Sqft lot
  • Updated: October 28
  • Source:
    Midwest Real Estate Data (MRED)  MLS#12795866

About the Property

Excellent investment opportunity in Chicago’s East Garfield Park neighborhood! This three-unit property offers strong income-producing potential with extensive improvements throughout, including updated plumbing and electrical systems, new flooring, updated tile, fresh paint, newer boilers, and a newer furnace. Two of the three units have been recently renovated, while the third is currently tenan
Excellent investment opportunity in Chicago’s East Garfield Park neighborhood! This three-unit property offers strong income-producing potential with extensive improvements throughout, including updated plumbing and electrical systems, new flooring, updated tile, fresh paint, newer boilers, and a newer furnace. Two of the three units have been recently renovated, while the third is currently tenant-occupied, providing an opportunity for immediate rental income. The property features an enclosed metal fence and convenient access to major expressways, public transportation, and downtown Chicago. All three units offer potential for participation in the Housing Choice Voucher program, subject to applicable program requirements and approvals. Investors may also explore the possibility of converting the property into three individual condominium units, subject to municipal approvals and applicable legal requirements. Whether you’re looking to expand your rental portfolio or explore future investment opportunities, this well-located three-flat offers flexibility and long-term potential. Schedule your showing today!
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  • Property type

    Other

  • Year built

    1898

Features

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331 S Richmond Street, Chicago, Illinois, United States View on Google Maps
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Realty of America - Berwyn

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Realty of America - Berwyn
Illinois, United States
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6
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2025
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Realty of America - Berwyn
Berwyn, Illinois, United States
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Last updated
October 28
First listed
October 28
Listing reference
12795866
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