Want $56,000+ of annual cash flow without the headache of replacing electric and plumbing to get there? Welcome to 1337 S Austin, a MASSIVE, condo quality 2flat on the Cicero/Oak Park border, just minutes from Berwyn, Oak Park, and the Blue Line. This is a true, fully permitted gut rehab: all new plumbing, electrical, windows, appliances, fixtures, cabinetry, and concrete work inside and out. Each unit offers over 1,500 sq ft with gleaming hardwood floors, designer lighting, an elegant electric fireplace, oversized bedrooms with great closets, and separate living, dining, and family/media rooms-perfect for entertaining or working from home. Kitchens are showpieces with premium cabinetry, breakfast nooks, and brandnew… Read More appliance packages. Spa style baths feature dual vanities, fog free Bluetooth mirrors, and sleek modern finishes. Smart features include a two-way audio/video intercom, in unit laundry (exclusive washer/dryer in the basement), and high efficiency central HVAC. Unit #2 is now vacant and rents for $2550 while Unit #1 is being rented at $2350 (tenants pay all utilities except water), generating approximately $58,920 in annual income and a solid cap rate at list price, with room to push rents higher. The lower level already has bathroom plumbing/fixtures and wide-open space-offering excellent potential for a future third income producing unit or extended living (buyer to verify zoning/permitting). Outside, enjoy a newly poured concrete patio and walkways, plus a garage space with wall mounted storage and easy street parking. Turnkey, high income opportunity for investors or owner occupants looking for a lowm Read Less
IDX information is provided exclusively for consumers' personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.
Confirm your time
Fill in your details and we will contact you to confirm a time.
or message me directly
Find My Dream Home
Put an experts eye on your home search! You’ll receive personalized matches of results delivered direct to you.
Import This Listing
Import Completed
To view your listing, click one of the options below.