High-performing four-unit asset in a rapidly appreciating neighborhood, offering potential for immediate cash flow with clear upside. Three remodeled (2025), well-maintained units are leased, creating a stable income base, while the luxury-upgraded (2026) fourth unit establishes a higher rent ceiling and supports long-term growth across the property. Recent capital improvements minimize near-term expenses, and a brand-new on-site laundry room equipped with washer and dryer adds convenience and additional income potential. The potential to add a garden unit (buyer to verify) provides an additional value-add strategy to increase unit count and NOI. A standout investment for buyers seeking stability today with multiple paths to long-term growth. The property is fully fenced, with an adjacent vacant lot currently maintained by the owner, offering potential for future acquisition or additional development (buyer to verify). Conveniently located approximately 15 minutes from downtown, 10 minutes from Sox Stadium, and 5 minutes from I-90/94. All new Electric, Plumbing, HVAC (2025) Roof (2024)
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For more information about 6331 S Elizabeth, Chicago, IL 60636 contact Corcoran Urban Real Estate.
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