2318 S Homan Avenue
Chicago, IL, 60623
$700,000
Beds
0 Baths
0 SqFt
0 Acres
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$700,000
2318 S Homan Avenue
Chicago, IL, 60623
MLS #MRD12270550 img 0MLS #MRD12270550 img 1MLS #MRD12270550 img 2MLS #MRD12270550 img 3MLS #MRD12270550 img 4MLS #MRD12270550 img 5MLS #MRD12270550 img 6MLS #MRD12270550 img 7MLS #MRD12270550 img 8MLS #MRD12270550 img 9MLS #MRD12270550 img 10MLS #MRD12270550 img 11MLS #MRD12270550 img 12MLS #MRD12270550 img 13
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!

Property Details

Price:
$700,000
MLS #:
MRD12270550
Status:
Active
Beds:
0
Baths:
0
Address:
2318 S Homan Avenue
Type:
Commercial
Neighborhood:
CHI – South Lawndale
City:
Chicago
Listed Date:
Jan 27, 2025
State:
IL
ZIP:
60623
Year Built:
1908

Schools

Interior

Exterior

Financial

Net Operating Income
$56,282
Tax Year
2023
Taxes
$6,118
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Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.

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2318 S Homan Avenue
Chicago, IL