$399,000
6828 S Normal Boulevard
Chicago, IL, 60621
Exceptional Turnkey Investment Property Opportunity This spacious, rare property offers three well-maintained units, ideally located on a quiet block directly across from a STEM school. Completely renovated in 2022, the property generates an impressive $48,000 in annual revenue. Notable updates include a new roof and three new water heaters, as well as three furnaces (ranging from 2020 to 2022) and three new central air units. The back porch was also replaced in 2022. Two of the units are generously sized, each featuring five bedrooms and two bathrooms, while the third is a garden unit with three bedrooms and one bathroom. The property showcases hardwood floors, fresh modern paint, updated kitchens and bathrooms, and high ceilings throughout. The first and second-floor units are currently occupied by long-term tenants on month-to-month leases, while the garden unit is vacant. All tenants are reliable, consistently pay rent on time, and are open to continuing their leases or relocating if necessary. This property presents a profitable investment with quick potential for return. It is being sold AS IS with no known violations. The garden unit can be shown initially, and the remaining two units will be available for viewing once the property is under contract. Please do not disturb tenants.
Property Details
Price:
$399,000
MLS #:
MRD12135454
Status:
Active Under Contract
Beds:
13
Baths:
5
Address:
6828 S Normal Boulevard
Type:
Multi Family
Neighborhood:
CHI – Englewood
City:
Chicago
Listed Date:
Aug 11, 2024
State:
IL
ZIP:
60621
Year Built:
1908
Schools
School District:
299
Interior
Heating
Forced Air
Exterior
Financial
Tax Year
2022
Taxes
$2,082
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
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6828 S Normal Boulevard
Chicago, IL
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