Recently rehabbed in 2016, this 2-Flat is ideal for an owner-occupant or an investor. Ideally, someone who is looking for an investment opportunity or wants to live rent-free while at the same time taking advantage of the positive cash-flow opportunity it presents. Each unit comes with hardwood floors, new enclosed porches, bathrooms, kitchens, electrical and plumbing. The 2nd-floor unit has a built-in washer/dryer with access to an expansive finished attic for the owner-occupant; it's an open canvas waiting for your decorative ideas. The market rent for three-bedrooms in this area can go up as high as $1,200 a month. For that savvy owner-occupant, this means living rent-free and receiving positive cash flow each month. Since the tenant pays all the utilities except for water, taxes, and insurance, rent collections should cover most, if not all, of your monthly escrowed payments and then some. In any event, Living Rent-Free! The property is well maintained and situated in an ideal location, in the "Back of the Yard" neighborhood. Close to shopping, schools, public transport, and expressways. Call today, it won't last!!!
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Property Details
Utilities
Heating Gas
Cooling
Water Lake Michigan
Sewer Sewer-Public
Additional Information
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Listing History
10-11-2019
Listed at $185,000
12-15-2019
Price decreased by $10,000 to $175,000
01-15-2020
Price decreased by $10,000 to $165,000
01-22-2020
Status changed to Under Contract
04-13-2020
Status changed to Closed
03-17-2020
Sold at $165,000
Last Modified 4/13/20 8:19 PM
Nearby Transportation
Bus 44
0.1 mi
Bus 51
0.1 mi
Bus 47
0.4 mi
Bus 8
0.5 mi
Bus 9
0.5 mi
Bus X9
0.5 mi
Bus 55
0.6 mi
Bus 48
1.0 mi
Bus 59
1.1 mi
Bus 43
1.2 mi
Bus 15
1.2 mi
Bus 24
1.2 mi
I 90 East
1.2 mi
I 94 East
1.2 mi
I 90 West
1.3 mi
I 94 West
1.3 mi
I 55 South
2.6 mi
I 55 North
2.6 mi
I 290 East
4.7 mi
For More Information
(312) 528-9200
For more information about 5027 S Racine, Chicago, IL 60609 contact Corcoran Urban Real Estate.
Broker Reciprocity
Listing provided by eXp Realty, LLC
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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Real estate listings held by brokerage firms other than Urban Real Estate are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.