$950,000
Active Under Contract
37 Days Online
0 Beds0 Baths0 SQFT
Active Under Contract

1908 N Keystone Avenue Chicago, IL 60639

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Introducing a fully rehabbed 5-unit income-generating property in the vibrant Hermosa neighborhood, perfect for investors seeking a lucrative opportunity. This massive brick 3-unit building, complemented by a gut-rehabbed 2-unit coach house, offers a combination of modern amenities, high-quality finishes, and excellent rental income potential. The front building comprises three spacious apartments, each featuring 5 rooms, including 2 bedrooms and 1 bathroom per floor. The interiors are finished with beautiful hardwood floors throughout. Each unit comes with separate gas-forced heating GFH & central AC systems and individual hot water tanks.. The kitchens are fully updated with 42-inch white cabinets, stainless steel appliances, and in-unit dishwashers. A tall, unfinished basement offers potential for further development or storage. A coin-operated washer and dryer are available in the basement, contributing to additional income. (CH1): This duplex-down unit features 3 bedrooms, 2 full baths, and a large kitchen-living room combo. The unit is equipped with in-unit side-by-side washer and dryer, providing a highly desirable amenity for tenants. (CH2): A cozy 1-bedroom, 1-bath apartment with a living room-kitchen combo. Both the main building and the coach house have undergone extensive renovations, including: New Electrical Systems: Updated with in-unit circuit breakers. Plumbing: New copper pipes throughout. Recently replaced. New GFH & Central AC systems and hot water tanks. All units feature new, modern kitchens and bathrooms. The coach house alone adds an impressive $3, 400 per month to the property's total monthly income of $8, 275, making this a true money maker. This property is a rare find, offering both immediate cash flow and long-term appreciation potential. With its prime location in Hermosa, high-quality renovations, and stable tenant base, this is an investment opportunity not to be missed.

  • Property TypeMulti-Family
  • NeighborhoodN/A
  • CountyCook
  • Taxes$9,216
  • HOA/Condo/Coop Fees$0
  • Days on Site37 Days
  • MLS StatusActive Under Contract
  • MLS ID Number12135477
  • Home Size Source N/A
  • Year Built1907
  • Lot Size0.07 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Electric Circuit Breakers
  • Number of Stories 3
  • Acreage 0.07
  • Number Of Stories 3

Interior Features

  • Cooling Central Air

Community Features

  • MLS Area CHI - Hermosa

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Monthly Payment (Est.)

$4,596
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