6245 S Hermitage Avenue, Chicago, IL 60636

Active

$549,000

Share on:
WhatsApp Pinterest Facebook X LinkedIn Email

40 More

44 More

Contact agent

Description

INCREDIBLE INVESTMENT OPPORTUNITY – SPACIOUS 4-UNIT BUILDING WITH MAJOR RECENT UPGRADES! Attention investors and owner-occupants! Don’t miss this incredible opportunity to own a well-maintained 4-unit building offering excellent rental income potential, spacious layouts, and approximately $75,000 in recently completed exterior improvements! This property features two spacious 2-bedroom, 1-bath apartments showcasing beautiful hardwood floors, abundant natural light, and comfortable living spaces. These units offer estimated rental potential of approximately $1,600 per month each. The remaining two 1-bedroom apartments feature inviting, open layouts with generous living room, dining, and kitchen areas filled with natural sunlight. Each 1-bedroom unit also enjoys access to its own outdoor deck space, perfect for patio furniture and relaxing outdoors. These units offer estimated rental potential of approximately $1,200 per month each. MAJOR CAPITAL IMPROVEMENTS ALREADY COMPLETED! Approximately $75,000 has recently been invested in the property’s exterior, including: Brand-new rear porch constructed with architectural drawings and permits. Replacement of the front balcony’s structural beam, also completed with architectural drawings and permits. Brand-new backyard privacy fence. New backyard concrete. Newly constructed concrete stairs leading to the basement. EXPANSIVE BASEMENT SPACE WITH TREMENDOUS POTENTIAL! In addition to the four existing apartments, this property offers a large, partially finished basement with generous ceiling height and separate entrance and exit access. The expansive layout presents an exciting opportunity to explore the possibility of creating an additional spacious living unit. EXCELLENT LOCATION AND TRANSPORTATION ACCESS! Conveniently located near the 63rd Street bus route and the CTA Green Line station at 63rd and Ashland, offering easy access to public transportation. A daycare facility approximately one block away adds another convenient neighborhood amenity for prospective tenants. With estimated rental potential of approximately $5,600 per month from the four existing units, this property presents an attractive opportunity for investors looking to grow their portfolios and benefit from substantial improvements already completed.