$275,000
7910 S Greenwood Avenue
Chicago, IL, 60619
Rare Opportunity: Option to Assume a 2.625% FHA Mortgage & Save Thousands Annually, Live Rent FREE & Get Paid $444/Monthly to Live Here! Save $986/Month & Over $380,000 in Interest By Securing This Historically Low Interest Rate! Ideal for Owner-Occupants or Savvy Investors, Recently Renovated in 2018, This Fully Occupied Brick 3-Unit Building Generates Strong Cash Flow! This Cash Flow King is the Rent Hack of All Rent Hacks – Have Existing Tenants Cover Mortgage, Taxes & Insurance and Live Rent Free! Only a Handful of Multi-Units in All of Illinois Qualify for an Interest Rate This Good! At Nearly 4,000 sq ft This True Triplex Boasts Two Spacious Units w/ 4 Beds | 2 Full Baths & One Unit w/ 3 Beds | 2 Full Baths! Well Maintained Building Includes Newer First Floor Water Heater, Windows & 3 Parking Spaces at the Rear of the Building! Conveniently Located Across From the Brand New 79th Street Metra Station & Mere Blocks Away From Lake Shore Drive, Transportation is Easily Accessible! A Short Distance From Several Major Economic Developments Unfolding in the Area! Don’t Miss Out on This Opportunity to Invest in a Thriving Market! Tenants Pay Electric, Gas & Heat! Unit #1 Rented for $1150. Unit #2 Rented for $1,290. Unit #3 Rented for $1,320. Rents are Artificially Low for the Area. All Tenants are Month to Month! You Can Acquire This Building for $0 Down, a Cap Rate of 10.66% & Potential Cash-on-Cash Return of Over 360%! Roof is Believed to Be 10 Years Old. Offer Deadline Wednesday April 30th at 7pm CT.
Property Details
Price:
$275,000
MLS #:
MRD12337443
Status:
Active
Beds:
11
Baths:
6
Address:
7910 S Greenwood Avenue
Type:
Multi Family
Neighborhood:
CHI – Chatham
City:
Chicago
Listed Date:
Apr 17, 2025
State:
IL
ZIP:
60619
Year Built:
2008
Schools
School District:
299
Interior
Heating
Natural Gas, Forced Air
Exterior
Construction Materials
Brick, Frame
Parking Features
Unassigned, Owned
Parking Spots
3
Financial
Tax Year
2023
Taxes
$5,228
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
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7910 S Greenwood Avenue
Chicago, IL
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