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$499,000

Est. payment - /mo

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9 Beds

3 Baths

4,356 Sqft Lot

Open 5/10 3PM-4PM

3048 E 80th ST Chicago, IL 60617

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

OPEN HOUSE

Sat May 10, 3:00pm - 4:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12353007

Bedrooms 9

Year Built 1922

Annual Tax Amount $2,292

Tax Year 2023

Lot Size 4,356 Sqft

Lot Dimensions 4762

Property Sub-Type Two to Four Units

Property Description

This fully renovated legal 2-flat, with a bonus 3rd unit in the garden apartment, is an incredible investment and living opportunity in the South Chicago neighborhood. Completely rehabbed in 2022, this building features three spacious 3-bedroom, 1-bath units, each with brand-new stainless steel appliances. The garden unit is perfect for an owner's suite, offering comfortable living with the added bonus of being vacant at closing for immediate occupancy. Unit 1 also includes a washer and dryer, while the second-floor unit offers potential for future expansion, with an unfinished attic that could be duplexed up to add more bedrooms and bathrooms for increased rental income. The building is currently generating $3,200 per month with excellent tenants who take great care of their apartments and pay rent on time. This is an ideal house hacking opportunity, as the revenue from the tenants helps cover a significant portion of the owner's living expenses. The property is professionally managed, well-maintained, and turn-key, making it a fantastic addition to any investor's portfolio. Situated just blocks from Rainbow Beach Park, with the new bike trail and the South Side Quantum Computing Campus nearby, this location is poised for future growth. Whether you're looking to live in the garden unit or expand the second-floor unit for additional rental income, this property offers both immediate comfort and long-term potential in a thriving South Chicago neighborhood.

Location

State IL

County Cook

Area Chi - South Chicago

Zoning MULTI

Rooms

Basement Finished, Exterior Entry, Sleeping Area, Full, Walk-Out Access

Interior

Heating Natural Gas, Forced Air

Fireplace N

Exterior

Exterior Feature Balcony

Garage Spaces 2.0

Community Features Sidewalks, Street Paved

Roof Type Asphalt

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Lake Michigan, Public

Structure Type Brick

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Michael Applegate • Straight-A Realty, LLC

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106