8713 S Buffalo Ave., Chicago, IL 60617

8713 S Buffalo Ave., Chicago, IL 60617
Photo 1 of 5
$355,000
Sold on 8/04/23
Beds Baths Sq. Ft. Taxes Built
11 0.00 0 $1,008.34 1985
On the market: 56 days
View full details, 15 photos, school info, and price history
Welcome to this exceptional investment opportunity in the vibrant South Chicago neighborhood! This well-maintained 3-unit building is a dream come true for savvy investors, with all units currently occupied, ensuring a steady monthly income stream. The property boasts a low maintenance cost, including remarkably affordable taxes, making it an attractive and profitable venture. Rumor has it that the neighborhood is on the verge of a million-dollar renovation, ensuring potential appreciation in the future. One of the highlights of this property is the third-floor unit, which offers a duplex layout extending up to the attic. This bonus space can be rented out separately, adding an additional $1,450 per month to your already impressive income. Each unit generates substantial rental income, with the third-floor unit fetching $1,450 per month, while the first and second-floor units command $1,350 per month each. Furthermore, a convenient parking pad in the back provides hassle-free parking options for tenants. Long-term tenants are already in place, ensuring stability and consistent cash flow. As the owner, you will only be responsible for water and garbage expenses, which amount to an affordable $272 per month. Real estate taxes are incredibly low at just $84 per month. Additionally, lawn service is a mere $40 per month, allowing you to focus on reaping the financial rewards of this investment. For those considering living on-site as a landlord, this property is a no-brainer. Take advantage of a home bridge loan, available through our preferred lender, offering up to $35,000 to remodel your personal unit. Customize your living space while boosting its value. With a remarkable monthly income of $4,050, this building offers a high return on investment. Whether you're an experienced investor or a live-in landlord, this opportunity is hard to resist. Don't miss out on this fantastic chance to own a lucrative property in a thriving neighborhood. Act now and secure your financial future! Seller is a licensed FL agent. Sold AS IS
Listing courtesy of Jasmine Bouyer, Real People Realty Inc