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Property Description

Well-maintained and fully rented three-unit brick building offering strong in-place income with clear upside. Each unit features a consistent 3 bedroom, 2 bathroom layout with modern flooring, updated bathrooms, open living areas, and functional kitchens. Built in 2006 with solid construction, the property has a replaced roof and no known deferred maintenance. Units are occupied on year-to-year leases with rents currently below market, providing an opportunity for future rent growth. Tenants pay gas and electric; owner pays water. Three exterior parking spaces included. Conveniently located near public transportation, neighborhood retail, and major corridors, with easy access to South Shore, Lake Michigan, and downtown Chicago, making this an attractive option for investors or owner-occupants seeking a stabilized, financeable asset. (Pictures Coming Soon!)

Overview

Property Status
For Sale
MLS ID
12551642
Property Type
Multi-Family
Year Built
2006

Features & Amenities

Neighborhood
Chicago
Water Source
Lake Michigan
Parking
Yes, Owned
Heat Type
Natural Gas, Forced Air
Sewer
Public Sewer
School District
299
Sales Price
$595,000

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1415 E 71st Place

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  • Well-maintained and fully rented three-unit brick building offering strong in-place income.

    Spacematch Inc

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1415 E 71st Place

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