5027 S Racine Avenue

    Chicago, IL 60609
    • $185,000
    • STATUS: Active
    • ON SITE: 33 days
    • MLS #: 10545793
    UPDATED: 58 min ago
    $185,000
    • 6
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1885
    County:

    School Ratings & Info

    Description

    Recently rehabbed in 2016, this 2-Flat is ideal for an owner-occupant or an investor. Ideally, someone who is looking for an investment opportunity or wants to live rent-free while at the same time taking advantage of the positive cash-flow opportunity it presents. Each unit comes with hardwood floors, new enclosed porches, bathrooms, kitchens, electrical and plumbing. The 2nd-floor unit has a built-in washer/dryer with access to an expansive finished attic for the owner-occupant; it's an open canvas waiting for your decorative ideas. The market rent for three-bedrooms in this area can go up as high as $1,200 a month. For that savvy owner-occupant, this means living rent-free and receiving positive cash flow each month. Since the tenant pays all the utilities except for water, taxes, and insurance, rent collections should cover most, if not all, of your monthly escrowed payments and then some. In any event, Living Rent-Free! The property is well maintained and situated in an ideal location, in the "Back of the Yard" neighborhood. Close to shopping, schools, public transport, and expressways. Call today, it won't last!!!

    Monthly Payment Calculator



    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Baz Realty Network | Keller Williams Elite. Based on information submitted to the MRED as of 2019-11-14T11:51:41.24 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
    www.bazrealtynetwork.com/homes/99885348

    5027 S Racine Avenue Chicago, IL 60609

    • Price: $185,000
    • Status: Active
    • Updated: 58 min ago
    • MLS #: 10545793
    6
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1885
    Built
    Neighborhood:
    Chi - New City
    County:
    Cook
    Area:
    Chi - New City
    Property Description
    Recently rehabbed in 2016, this 2-Flat is ideal for an owner-occupant or an investor. Ideally, someone who is looking for an investment opportunity or wants to live rent-free while at the same time taking advantage of the positive cash-flow opportunity it presents. Each unit comes with hardwood floors, new enclosed porches, bathrooms, kitchens, electrical and plumbing. The 2nd-floor unit has a built-in washer/dryer with access to an expansive finished attic for the owner-occupant; it's an open canvas waiting for your decorative ideas. The market rent for three-bedrooms in this area can go up as high as $1,200 a month. For that savvy owner-occupant, this means living rent-free and receiving positive cash flow each month. Since the tenant pays all the utilities except for water, taxes, and insurance, rent collections should cover most, if not all, of your monthly escrowed payments and then some. In any event, Living Rent-Free! The property is well maintained and situated in an ideal location, in the "Back of the Yard" neighborhood. Close to shopping, schools, public transport, and expressways. Call today, it won't last!!!
    Exterior Features

    Cars 0 Exterior Building Type Frame Floor Unit1 1 Floor Unit2 2 Lot Dimensions 25 X 125 Lot Size Less Than .25 Acre Parking None Type Multi 2 Flat Waterfront YN No

    Interior Features

    Appliances Features Unit1 StoveRefrigerator Appliances Features Unit2 StoveRefrigeratorWasherDryer Basement Full Basement Description Unfinished Bedrooms Above Grade 6 Bedrooms Below Grade 0 Bedrooms Unit1 3 Bedrooms Unit2 3 Full Baths In Building 2 Full Baths Unit1 1 Full Baths Unit2 1 Half Baths In Building 0 Half Baths Unit1 0 Half Baths Unit2 0 Heat Fuel Gas Rooms 12 Rooms Unit1 6 Rooms Unit2 6

    Property Features

    3 Br Un In Bldg YN Yes Additional Sales Information None Age 100+ Years Agent Owned Interest YN No Area Amenities Park/Playground Built Before1978 YN Yes Corporate Limits Chicago Elementary Sch Dist 299 General Information School Bus ServiceCommuter BusInterstate Access Gross Rental Income 24000 High Sch Dist 299 Holds Earnest Money No Jr High Middle Dist 299 Lease Exp Date Mo Yr Unit1 09/20 Lease Exp Date Mo Yr Unit2 Month Net Oper Income 18000 New Construction No Ownership Fee Simple Possession Closing Recent Rehab YN Yes Rent Unit1 1000 Rent Unit2 1000 Sale Terms ConventionalFhaVa Sec Deposit Unit1 0 Sec Deposit Unit2 0 Sewer Sewer-Public Special Assessments No Special Service Area N Tax Year 2017 Taxes 2671.93 Tenant Pays Unit1 ElectricGasHeat Tenant Pays Unit2 ElectricGasHeat Total Rental Income 2000 Total Units In Building 2 Township Lake Water Lake Michigan Zoning Type Multi

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of Exp Realty.


    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Baz Realty Network | Keller Williams Elite. Based on information submitted to the MRED as of 2019-11-14T11:51:41.24 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
    Baz Realty Network | Keller Williams Elite
    4544 W. 103rd Street
    Oak Lawn IL, 60453