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John Greene Realtor

[email protected] +1(630) 820-6500

$ 199,999

Est. payment -/mo

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Address not disclosed Chicago Heights, IL 60411

6 Beds

3 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12506567

Bedrooms 6

Year Built 1925

Annual Tax Amount $4,895

Tax Year 2023

Lot Dimensions 9311

Property Sub-Type Two to Four Units

Property Description

Excellent opportunity for an owner occupant or investor looking for a two-unit property with solid income potential. Each spacious unit offers a comfortable layout with separate entrances and hardwood floors throughout. The first-floor unit includes four bedrooms and two baths, ideal for a large household or live-in owner. The second-floor unit features two bedrooms and one bath, perfect for extended family or additional rental income. The property is currently owner-occupied and will be delivered vacant at closing, making it ready for immediate occupancy or tenant placement. Estimated market rents range from approximately $1,800-$2,500 per month for the main unit and $1,100-$1,600 per month for the upper unit, depending on the level of improvements and finishes. With both units leased, the projected total gross monthly income could range from $2,900-$4,100, offering excellent potential cash flow and long-term appreciation. The full basement provides added storage and includes laundry connections. A detached two-car garage and screened porch add convenience and functionality. The property needs repairs and is being sold as-is. Buyer will be responsible for any required village repairs per the City of Chicago Heights point-of-sale inspection. Located near schools, shopping, and commuter access, this property offers an ideal blend of value, flexibility, and income opportunity. Whether you're seeking a home to occupy while offsetting your mortgage or expanding your investment portfolio, this two-flat presents strong potential in a growing market.

Location

State IL

County Cook

Area Chicago Heights

Rooms

Basement Unfinished, Full

Interior

Heating Radiator(s)

Equipment Ceiling Fan(s)

Fireplace N

Exterior

Garage Spaces 2.0

Community Features Sidewalks, Street Paved

Roof Type Asphalt

Building

Dwelling Type Two to Four Units

Building Description Aluminum Siding, No

Sewer Public Sewer

Water Public

Structure Type Aluminum Siding

New Construction false

Schools

Elementary Schools Roosevelt Elementary School

High Schools Bloom High School

School District 170 , 170, 206

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Sherri Southall of HomeSmart Connect LLC