About The Property

Welcome to South Chicago at 9020 S. Burley Ave, a well-maintained legal 3-unit building located near Lake Michigan. This fully occupied income-producing property offers an excellent opportunity for investors seeking stable rental income with future upside potential. All three units are currently rented on month-to-month leases, providing immediate cash flow and future flexibility. Each spacious unit features 3 bedrooms and 1 bathroom with functional layouts designed for comfortable living and long term tenants. The current ownership has completed several valuable updates, including recent improvements to the second and third-floor units. Additional upgrades include new plumbing throughout the building, newer roof, New HVAC systems and furnaces, and new water heaters, helping reduce future maintenance concerns.Read MoreRead Less
Courtesy of Coldwell Banker Realty [email protected]
Listing Snapshot
Days Online
32
Last Updated
Property Type
Two To Four Units
Beds
9
Year Built
1888
MLS Number
12623193
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Additional Details

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Basement
"None"
Building
Construction Materials: "Aluminum Siding", Built in 1888, Rebuilt: No
Heating
"Natural Gas"
Lot
Dimensions: 25X125
Sewer
"Public Sewer"
Utilities
Water Source: "Public"
Taxes
Annual Taxes: $3,484, Year: 2024, Exemptions: None
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30 Days Snapshot Of 60617
$217k
+5%
(avg) sold price
28
-12%
homes sold
46
-9%
(avg) days on market
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Monthly Payment
$0

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