Excellent investment opportunity in Chicago's East Garfield Park neighborhood! This three-unit property offers strong income-producing potential with extensive improvements throughout, including updated plumbing and electrical systems, new flooring, updated tile, fresh paint, newer boilers, and a newer furnace. Two of the three units have been recently renovated, while the third is currently tenant-occupied, providing an opportunity for immediate rental income. The property features an enclosed metal fence and convenient access to major expressways, public transportation, and downtown Chicago. All three units offer potential for participation in the Housing Choice Voucher program, subject to applicable program requirements and approvals. Investors may also explore the possibility of converting the property into three individual condominium units, subject to municipal approvals and applicable legal requirements. Whether you're looking to expand your rental portfolio or explore future investment opportunities, this well-located three-flat offers flexibility and long-term potential. Schedule your showing today!
Listed By
Agency Name: Realty of America
Agency Phone: 708-788-1900
Shown By
Agency Title: Gambino Realtors
Agency Phone: 815-282-2222
Estimated Payment
$ 3,422.20 per month $2,611.83 Principal & Interest $642.67 Property Tax $167.71 Homeowner's Insurance
331 S Richmond Street | MLS# 12795866
This multi-family property located at 331 S Richmond Street , Chicago, IL 60612 is currently listed for sale with an asking price of $575,000. S Richmond Street is located within the District 299 school district. Search Chicago real estate on www.gogambino.com today.