2-Unit Investment Opportunity - Strong Upside Potential Well-maintained two-unit property with immediate income growth opportunity. Both units offer spacious layouts, making this an attractive rental property for long-term tenants. The first-floor unit features a flexible 4 bedroom layout. A long-term tenant with below-market rent is vacating, providing the ability to reset rent to current market rates and significantly improve cash flow. The second-floor unit offers 3 - 4 bedrooms and is currently vacant, allowing investors to immediately place a tenant at market rent or owner-occupy while generating income from the other unit. Each unit includes: In-unit laundry facilities, Separate newer HVAC, Brand-new water heaters, Additional updates include a newer roof, minimizing near-term capital expenses. With both units turning over, this property presents a rare opportunity to stabilize at full market rent from day one. Ideal for investors seeking a solid asset with upside potential, strong rental demand, and major mechanical updates already completed.
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For more information about 4810 S Union, Chicago, IL 60609 contact Corcoran Urban Real Estate.
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Listing provided by Golden Enterprise Realty Inc
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