Property Description

Rare all-brick Chicago 3-flat where every unit is a full 3 bed/2 ba -- no compromised floor plans, no studio filler. All three units are tenant-occupied with current rents of $1,950 / $2,180/ $2,250/mo, generating $76,560 gross annually. Two-car detached garage adds tenant appeal and long-term retention. Mechanicals all recently updated-- no capital surprises waiting for you at closing. This is a genuine turnkey income property: occupied, cash-flowing, and built in all-brick construction that keeps insurance low and maintenance lower. Investor demand for full-sized units in this price band is strong -- and it shows in the rent roll. TIMING NOTE: This property is being marketed in coordination with 2440 W Lexington St (MLS#12605875), a fully rented 4bd/2ba single family with 2-car garage listed at $335,000. Each property may be purchased independently - buyers are not required to acquire both. However, seller is requiring that closings on both properties occur within a close timeframe of one another, as this transaction is part of a 1031 exchange. Buyers should be prepared for a time-sensitive, coordinated closing schedule.

Property Features

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