$370,000
5638 S Tripp Avenue
Chicago, IL, 60629
**Attention Investors** Here’s the Value-Add Opportunity in the Midway Area you’ve been seeking! This Legal 2-FLAT offers a spacious Five Bedroom Duplex-up apartment on the 2nd floor and a Two-Bedroom plus Den simplex unit on the First Floor. Both units have separate dining rooms, eat-in-kitchens and walk-in pantry closets. HOUSE HACK IT: Just complete the renovations to the semi-finished basement and enjoy more equity. In the meantime, occupy one of the units and rent the other and have your tenant pay for your mortgage. Property is currently completely Owner Occupied, there are no Existing Leases in place. However, 3bed rentals in the area yield $1350/mo on the low end, the five bedroom could potentially yield $1500/mo, again, conservatively speaking. Basement is semi-finished but currently used for storage. Conveniently located near Midway Airport, the Pulaski Orange line station along with loads of mom & pop shops, restaurants, parks and playgrounds. Good public schools nearby including Louis Pasteur Elementary School and Curie Metropolitan High School. Great investment. FHA Welcomed!
Property Details
Price:
$370,000 / $345,000
MLS #:
MRD11474021
Status:
Closed ((Oct 28, 2022))
Beds:
7
Baths:
4
Address:
5638 S Tripp Avenue
Type:
Multi Family
City:
Chicago
Listed Date:
Jul 25, 2022
State:
IL
ZIP:
60629
Year Built:
1918
Schools
School District:
299
Elementary School:
Pasteur Elementary School
Middle School:
Pasteur Elementary School
High School:
Hancock College Preparatory Seni
Interior
Heating
Natural Gas
Exterior
Architectural Style
A- Frame
Community Features
Curbs, Sidewalks, Street Lights, Street Paved
Other Structures
None
Roof
Asphalt
Financial
Buyer Agent Compensation
2.5% -$395% of Net Sale Price
Tax Year
2020
Taxes
$3,385
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
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5638 S Tripp Avenue
Chicago, IL
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