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Tuesday, June 21, 2022

4 Unit For Sale Chicago

S Short St Chicago Il 60608

Turn Key Rental Opportunity 4 Unit Cashcow – Chicago Homes For Sale

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  • Saves12Brick Masonry 2 story multi-unit building. Basement has laundry room with 1 washer and 1 dryer for each unit and a storage room in the back. The front of basement has its own entrance and can be turned into additional rental room or huge storage space. Unit 1 has 2 bedrooms/1 Office/1 Full kitchen/1 pantry and its own back porch. Unit 2 has 2 Bedrooms/1 Office/1 Full kitchen/1 pantry and its own back porch. Walk up attic, partially framed, can be turned into duplex with second floor unit. Huge backyard with deck and concrete patio. Roof, windows, furnace/AC and water heater are new in the last 10 years. Close to shopping, 10 mins to Downtown and 5 mins to UIC.Read more
  • Take a Tour with a Buyer’s Agent

    In-person

  • Window features: Porch Screened, Storms/Screens
Other interior features
  • Patio and porch details: Deck, Patio, Porch Screened
Lot
  • Property condition: Age
  • New construction: No
  • Community features: Curbs, Sidewalks, Street Lights, Street Paved
Location
  • A Zestimate┬« is not available for this home.Save home
  • All calculations are estimates and provided for informational purposes only. Actual amounts may vary.Don’t miss out on this home, or anyother on your list.
  • Schools provided by the listing agent

    District: 299

    This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

    Source: MRED as distributed by MLS GRID

    GreatSchools rating
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  • Cook County Search With Zillow

    To start your search for multi family investments in Cook County, head to Zillows homepage and enter Cook County, IL into the location search bar. You can also search by address, neighborhood, city, and ZIP code.

    This will bring up the entire inventory of properties for sale in Chicago. In order to only see duplexes, triplexes, and other multi family buildings, you need to select Multi-family from the Home type dropdown menu at the top of the results page.

    You can continue applying filters to fine-tune your search. Options include price range, number of beds and baths, parking spots, amenities, desired views, and more.

    Once you have a list of results you are happy with, you can arrange it by price, square footage, date, etc.

    The map to the left of the search results offers aerial and street views. You can also draw on it if you would like to focus your search in a particular area.

    Additionally, you can use the map to highlight area schools and search for properties only in areas with high-rated schools. Purchasing multi family property in the catchment area of a good school immediately enhances the value of your investment.

    Home Buyers Let’s Beat The Competition

    Work with a Broker who specializes in multifamily real estate! The advantage is simple.

    Properties are selling fast and at times properties are sold before they even hit the market because sellers prefer a quick sale to avoid any potential headaches with tenants. With years of experience in rehabbing and sales we know what to look for during the 1st showing. Our advice will help you determine if the property is worth pursuing or not.

    Recommended Reading: Chicago Taste Fest Dates

    New Listings For Sale In Chicago

    There are currently 583 new listings for sale in Chicago at a median listing price of $325K. Some of these homes are “Hot Homes,” meaning they’re likely to sell quickly. Most homes for sale in Chicago stay on the market for 71 days and receive 2 offers. Popular neighborhoods include Bucktown, Ravenswood, West Loop, Hyde Park, Lincoln Park, Lake View, West Town, Beverly, Andersonville, Jefferson Park, Bronzeville, South Loop, Logan Square, Wicker Park, and Bridgeport. This map is refreshed with the newest listings in Chicago every 15 minutes.

    Patterns Of Lost 2 To 4 Unit Buildings In Chicago

    Value Add 4 Flat with Spacious Units For Sale

    The 2 to 4 unit housing stock plays a unique and critical role in Chicagos overall housing supply by providing affordable rental housing, homeownership, and wealth-building opportunities. More than any other type of rental housing in Chicago, 2 to 4 unit properties are the most likely to offer lower-cost rents and family-sized units and these units make up a substantial portion of the housing supply in Chicago communities of color, particularly the citys Latinx communities.

    In response to concerns raised by local housing and community development stakeholders that these buildings are being lost citywide, a number of IHS research reports and technical assistance projects have highlighted the importance of and pressures facing the 2 to 4 unit housing stock in Chicago.

    Building on this work, this analysis uses a unique data set to document the loss of the 2 to 4 stock in Chicago neighborhoods in an effort to understand the different ways that market forces put pressure on this key segment of Chicago’s housing market. For more details on the importance of the 2 to 4 stock in Chicago neighborhoods, see The Characteristics of the 2 to 4 Stock in Chicago Neighborhoods report released in tandem with this research.

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    Multi Family Homes Search With Realtorcom

    Begin your search by entering your desired location in the Realtor.coms homepage search bar. Next, refine your search to bring up multi family homes by selecting the option from the Property Type dropdown menu.

    Next, you can use one or more of the available filters to narrow down your search based on price, number of bedrooms and bathrooms, listing status, days on the platform, search radius in miles, home size, lot size, and home age. You can also use keywords, such as newly remodeled.

    In addition to browsing your results list, you can also see the available properties in a map view. Realtor.coms map lets you add layers for schools, crime and noise rates, grocery stores and coffee shops, and public transit in order to see how these factors and amenities may affect your investment.

    Chicago Fsbo 2 3 4 Flats For Sale

    2 Flats For Sale in Chicago By Owner!

    2 flats for sale, or 2-unit buildings are a great real estate investment opportunity for owner-occupied property. 2-flat frame houses were popular in the turn of the century allowing the homeowner to live downstairs while they rented out an additional rental unit on the second floor.

    URB Chicago also has red-brick 2 flats and popular 2-unit Greystone apartment buildings for sale. Whether you call them 2-flats or 2-unit duplexes, its important to note that many are misconstrued as 3-flats due to illegal basement units that arent up to code for an additional 3rd unit.

    3 Flats For Sale in Chicago By Owner!

    As previously mentioned, many 2-flat rental properties have a 3rd unit in the basement which is often not up to code due to insufficient windows, egress, and fire safety hazards. However, there are many 3-flat apartment buildings through Chicagos southside and westside neighborhoods. From large renovated single-family homes turned multi-family rentals, to red-brick 3-unit apartment buildings, and even mixed-use and above store properties, 3-flats are common in Chicago.

    4 Flats For Sale In Chicago IL. By Owner!

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    Commercial And Residential Real Estate Listings Websites

    While we will only highlight a handful of real estate listings platforms in this section, it is worth noting that there is a multitude of websites that feature multi family properties for sale.

    Some are third party platforms that include listings for sale from any broker or owner in the area. Others are brokerage websites that only list the properties represented by the particular company or agent.

    If this is your first multi family investment in the Chicago area, a good realtor can guide you on choosing the best neighborhoods and most profitable deals. Experienced investors should be able to spot the right opportunities on their own, using services such as the first one in the list below.

    Learn How To Finance Your Property Using Fha Loans

    Chicago 2 & 3 Flats For Sale 4 Unit Multi Family Properties Chicago, IL Call or Text (773)993-2065

    Learn more about real estate investing.Watch our educational videos.

    Units:Listing Type:Area:

    # of Units: 3

    1461 Walton Chicago IL 60642

    4 Units

    3435 Lyndale Chicago IL 60647

    4 Units

    824 California Chicago IL 60622

    4 Units

    1943 Belle Plaine Chicago IL 60613

    4 Units

    958 Avers Chicago IL 60651

    4 Units

    X Plus Team

    * Contact X Plus for details. Rules & Exclusions apply

    THE X PLUS TEAM IS A TEAM OF REAL ESTATE AGENTS AFFILIATED WITH COMPASS, A LICENSED REAL ESTATE BROKER WITH A PRINCIPAL OFFICE IN CHICAGO, IL, AND ABIDES BY ALL APPLICABLE EQUAL HOUSING OPPORTUNITY LAWS. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATIONAL PURPOSES ONLY. INFORMATION IS COMPILED FROM SOURCES DEEMED RELIABLE BUT IS SUBJECT TO ERRORS, OMISSIONS, CHANGES IN PRICE, CONDITION, SALE, OR WITHDRAWAL WITHOUT NOTICE. NO STATEMENT IS MADE AS TO ACCURACY OF ANY DESCRIPTION. ALL MEASUREMENTS AND SQUARE FOOTAGES ARE APPROXIMATE. THIS IS NOT INTENDED TO SOLICIT PROPERTY ALREADY LISTED. NOTHING HEREIN SHALL BE CONSTRUED AS LEGAL, ACCOUNTING OR OTHER PROFESSIONAL ADVICE OUTSIDE THE REALM OF REAL ESTATE BROKERAGE.

    Also Check: Taste Of Chicago 2015 Schedule

    Chicago Apartment Building Search With Loopnet

    To kickstart your search for multi family homes for sale in Illinois with LoopNet, select Multifamily or Residential Income from the drop down list and enter Chicago, IL in the Enter a location search bar.

    Once you land on the results page, you will be able to use a number of additional filters to narrow down your search. You can find these options by clicking on the More Filters button.

    For example, you can refine your location based on a zip code or intersection. You can then limit your property selection based on a price range, building size, lot size, number of units, property status , cap rate, property listing age, or year built.

    LoopNet provides extensive details on their listings, including:

    • Property facts

    Search Multi Family Homes Off Market With Reonomy

    Another approach for investors would be to take their search off market, which would allow them to access a much greater supply of multi family homes across the country, avoid broker fees, and interact directly with property owners.

    Finding the ideal multi family property off market can help you save a fair bit of money while minimizing the number of people involved in a transaction.

    An even better opportunity for brokers, off-market search can help you get ahead of the competition by establishing relationships with owners before they ever decide to list their properties.

    To get started with off-market search, you can utilize the Reonomy platform. We will review the search process with Reonomy in the next section.

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    Flats For Sale In Chicago X Plus Real Estate

    • >
    • 4 Flats for Sale in Chicago

    Four flats are the properties with the most units that are still considered residential properties. Being residential, they are Fannie Mae and conventional 30 year mortgage loan applicable. With that low down payment, four units offer first time property owners the best bang for their buck. For an owner-occupier, its fairly easy to pay for most your mortgage and live for free with these investment properties.

    Four units in the city come in an array of arrangements from front walk-ups and center entrances to straight-stacked.

    How To Finance A Multi

    Chicago Multi

    Financing options for Multi-family real estate in 2022 include the following:

    FHA – Requires a minimum of 3.5% down payment

    Conventional – Requires 20% down.

    Veterans and Military families – 100% financing is available through VA program.

    Rehab Loan – Provides funding for acquisition and improvements. Downpayment varies.

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    How To Find Multi Family Homes For Sale In Chicago

    With an average cap rate of approximately 5%, multi family properties are one of the most lucrative, low-risk commercial investments available. The challenge for most buyers and other industry professionals, however, is discovering the right opportunities before the competition.

    From off-market platforms to Chicago-based brokerages, in this post, well walk you through the best resources for finding multi family homes for sale in Chicago.

    Msa Zip Code Search With Reonomy

    Reonomy allows you to go off market to find owners that are very likely to listen to a fair purchase offer.

    The platform offers a ton of flexibility of how to approach your search for multi family homes in Chicago.

    You can begin by adding location and asset type filters for:

    • City = Chicago
    • Or by any zip code, neighborhood, or street name within Chicago
    • Asset Type = Multi family

    You can continue filtering your search by the size of the building and lot, year built, sales history, debt history, business tenants, who the owner is, and much more. You can even see multi family assets only within Opportunity Zones.

    With Reonomy, you will be able to find every type of multi family property, whether you are looking for a small duplex, an apartment building with hundreds of units, a mobile home park, dorms, senior living, or anything else.

    Lets say youre looking for a 4-6 unit home in zip code 60607. You can apply the appropriate filters for location and asset type. You can then choose to see only properties that have not been sold in the last 10 years in order to identify owners that may be more willing to sell.

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    Trump Tower Condos For Sale

    401 North Wabash Avenue, Chicago 60611

    Luxury and opulence best describe the Trump International Hotel & Tower Chicago, also known as Trump Tower Chicago. The Trump Tower features 486 luxury condominiums from studios to five bedroom penthouses. The adjoining Trump International Hotel has 339 five-star luxury guest condos for sale in studio, one, and two bedroom suites.

    The Trump Chicago is located at 401 N. Wabash in River North, just steps away from the upscale retailers along the Magnificent Mile, the Chicago River, and the Chicago Loop business district. The 92-story stainless steel and glass building with a curvilinear face is home to retail space a riverfront park and riverwalk a 339 room hotel fine dining and banquet amenities residential condos and a 1000 vehicle indoor parking garage with a resident-only section.

    See below for all Trump Chicago condos for sale, or read more about the amenities at this exquisite property.

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