Ask a question on RESAAS

Ask a question on RESAAS

If you’ve got a question about anything real estate related, from mortgages to selling to renovations, ask it in the bar above.

Thanks

Now sit back and get ready for an answer from a real estate professional.

Q
MarketStatus = OnMarket MarketStatus (value) = 0 ExpirationDate = HoursToExpiry =

1147 West Taylor Street, Chicago, IL, USA, 60607

  • Posted: 6/8/2023 1:58:00 AM

MLS # 11797536

Neighborhood: University Village

$899,000 USD

Unique 2 unit building that brings in 3 unit residual income. Comparable 2 unit buildings in the area bring in 4400.00 a month this property will generate 6400.00 a month. An Absolute Stunner a true diamond in the rough in University Village. Walking distance to the University of Illinois at Chicago, Illinois Medical District, St. Ignatius High School, along the main thoroughfare of the neighborhood you have access to all the great restaurants, night life and boutique shops along the famous Taylor St. Easy access to all public transportation 37 Sedgwick bus route and Chicago Blue Line. Close proximity to United Center and interstates 290+55. Originally a 3 flat owner converted it to a 2 flat .Family owned and occupied building for close to 60 years. Truly immaculate Duplex down on 1st level with 3 beds + office & storage room with 2 full baths 1 bathroom has a jacuzzi. Wood burning fireplace with log lighter. Upstate unit is 2 beds master bedroom has a California closet with 1 full bath. Building has new brick, roof, porches, updated kitchens, HVAC, water tanks for both units with 2 car detached garage with a fenced in back yard perfect for hosting summertime parties. Insurance company states it would cost $1,127,000 to replace the property due to unforeseen events. Trust me you do not want to miss out on this great investment opportunity. If you work at Rush University Hospital, John H. Stroger Hospital, University of Illinois Hospital, VA Medical Center, University of Illinois at Chicago Campus, St. Ignatius alumnus or staff you will covet this well maintained property. Comparable rents in the area suggest you can rent the duplex down for 4k- 4200.00 with 2 parking spaces and 2200.00 for the upstairs unit. Upstairs unit was originally a 3 bedroom but owner made a big master bedroom you can convert it back to a 3 bedroom to maximize earning potential . Building has 2 alarm systems ADT + back up systems 24/7 fire, police, and medical.Generate Passive income and earn high returns while you expand your portfolio.