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$388,000

Est. payment - /mo

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9 Beds

3 Baths

Open Sun 11AM-1PM

9020 S Burley AVE Chicago, IL 60617

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Park Place Realty Group LLC

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

Open House

Sat May 16, 11:00am - 1:00pm

Sun May 17, 11:00am - 1:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12623193

Bedrooms 9

Year Built 1888

Annual Tax Amount $3,484

Tax Year 2024

Lot Dimensions 25X125

Property Sub-Type Two to Four Units

Property Description

Welcome to South Chicago at 9020 S. Burley Ave, a well-maintained legal 3-unit building located near Lake Michigan. This fully occupied income-producing property offers an excellent opportunity for investors seeking stable rental income with future upside potential. All three units are currently rented on month-to-month leases, providing immediate cash flow and future flexibility. Each spacious unit features 3 bedrooms and 1 bathroom with functional layouts designed for comfortable living and long term tenants. The current ownership has completed several valuable updates, including recent improvements to the second and third-floor units. Additional upgrades include new plumbing throughout the building, newer roof, New HVAC systems and furnaces, and new water heaters, helping reduce future maintenance concerns. Conveniently located near parks, shopping, public transportation, schools, and commuter access, this property is positioned within an area seeing continued redevelopment and investment along Chicago's southeast corridor. A solid multifamily opportunity with strong rental potential and major mechanical updates already completed.

Location

State IL

County Cook

Area Chi - South Chicago

Rooms

Basement None

Interior

Heating Natural Gas

Fireplace N

Building

Dwelling Type Two to Four Units

Building Description Aluminum Siding, No

Sewer Public Sewer

Water Public

Structure Type Aluminum Siding

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Marco Ponce of Coldwell Banker Realty

Nearby School & Business

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106