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$ 675,000
Est. payment /mo
Price Dropped by $20K
2318 S Homan AVE Chicago, IL 60623
UPDATED:
03/04/2025 06:26 AM
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12270550
Maintenance Fees $2,500
Year Built 1908
Annual Tax Amount $6,118
Tax Year 2023
Lot Dimensions 25X125
Property Sub-Type Multi Family 5+
Property Description
Prime Multi-Family Investment Opportunity in Little Village, Chicago Discover this well-maintained multi-family building located in the heart of Chicago's vibrant Little Village neighborhood. Offering a blend of modern updates and strong rental upside potential. Property Highlights: Individual Heat & Water Heaters: Each unit comes equipped with its own furnace heating system and water heater, providing tenants with control over their utilities and reducing owner expenses. Modern Electrical Systems: The units have been recently upgraded with new wiring, ensuring a safe and reliable electrical setup for all residents to code. Updated Kitchens & Baths: Every unit features contemporary kitchens and bathrooms, complete with modern fixtures, cabinetry, and finishes, making the apartments highly desirable to tenants. Strong Rental Upside: With the improvements already in place and the growing demand in this bustling area, there is significant potential for rental rate increases, offering an attractive return on investment. Located in Little Village, a community known for its rich culture, dining, and shopping options, this building is perfectly positioned to capitalize on the neighborhood's ongoing growth. With easy access to public transportation, parks, and schools, this property offers a prime opportunity to own in one of Chicago's most dynamic areas. A high-performing asset with both immediate cash flow and long-term value appreciation!
Location
State IL
County Cook
Area Chi - South Lawndale
Interior
Fireplace N
Building
Dwelling Type Multi Family 5+
Level or Stories 3
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Andrew Smith • 33 Realty