Property Description

Want $56,000+ of annual cash flow without the headache of replacing electric and plumbing to get there? Welcome to 1337 S Austin, a MASSIVE, condo quality 2flat on the Cicero/Oak Park border, just minutes from Berwyn, Oak Park, and the Blue Line. This is a true, fully permitted gut rehab: all new plumbing, electrical, windows, appliances, fixtures, cabinetry, and concrete work inside and out. Each unit offers over 1,500 sq ft with gleaming hardwood floors, designer lighting, an elegant electric fireplace, oversized bedrooms with great closets, and separate living, dining, and family/media rooms-perfect for entertaining or working from home. Kitchens are showpieces with premium cabinetry, breakfast nooks, and brandnew appliance packages. Spa style baths feature dual vanities, fog free Bluetooth mirrors, and sleek modern finishes. Smart features include a two-way audio/video intercom, in unit laundry (exclusive washer/dryer in the basement), and high efficiency central HVAC. Unit #2 is now vacant and rents for $2550 while Unit #1 is being rented at $2350 (tenants pay all utilities except water), generating approximately $58,920 in annual income and a solid cap rate at list price, with room to push rents higher. The lower level already has bathroom plumbing/fixtures and wide-open space-offering excellent potential for a future third income producing unit or extended living (buyer to verify zoning/permitting). Outside, enjoy a newly poured concrete patio and walkways, plus a garage space with wall mounted storage and easy street parking. Turnkey, high income opportunity for investors or owner occupants looking for a lowm

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