TURNKEY CASH FLOW / HOUSE-HACK ON THE OAK PARK BORDER! High cash flow with zero deferred maintenance (the investor's dream). Massive, condo-quality 2-flat, stud-to-stud gut rehab (2024). This is the perfect owner-occupant model: the second floor is fully vacant and ready for you to move directly in, letting the first-floor tenant help chisel away your mortgage! BONES: Brand new copper plumbing, upgraded electric, energy windows, central HVAC, rubber roof, & new concrete. UNITS: 1,500+ sqft layouts, hardwood floors, electric fireplaces. Unit 1 (Tenant @ $2,350) is a 2B/1B (originally three bedroom configuration remodel to add additional communal space near kitchen and dining roomUnit 2 (Vacant) is a 3B/1B. Kitchens boast soft-close cabinets & new stainless steel. Spa baths have dual vanities & Bluetooth mirrors. Smart intercom & in-building laundry. VALUE-ADD: Huge basement spans the entire footprint, roughed-in for a bath. Potential to duplex-down or add a 3rd garden unit (buyer to verify zoning). LOCATION: Cicero/Oak Park border. Minutes to the Blue Line & I-290. A 2-car garage offers extra parking income. BOTTOM LINE: Separate meters and high rental demand. Rare high-yield 60804 asset!
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For more information about 1337 S Austin, Cicero, IL 60804 contact Corcoran Urban Real Estate.
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