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42 Properties Within 0.5 miles of: 7910 S Greenwood, Chicago

7910 S Greenwood
Chicago, IL 60619

  • 11 Beds
  • Built In 2008
Price

$275,000

Est Payment
$1,893 / month (details)  
Taxes
$5,228  
Beds
11  
Rooms
18  
Type
Two to Four Units  
Sq. Ft.
n/a  
Lot Size
25X124  
Built
2008  
Neighborhood
East Chatham  
MLS
#12337443
Status
Active (7 days)

Property Description

Rare Opportunity: Option to Assume a 2.625% FHA Mortgage & Save Thousands Annually, Live Rent FREE & Get Paid $444/Monthly to Live Here! Save $986/Month & Over $380,000 in Interest By Securing This Historically Low Interest Rate! Ideal for Owner-Occupants or Savvy Investors, Recently Renovated in 2018, This Fully Occupied Brick 3-Unit Building Generates Strong Cash Flow! This Cash Flow King is the Rent Hack of All Rent Hacks - Have Existing Tenants Cover Mortgage, Taxes & Insurance and Live Rent Free! Only a Handful of Multi-Units in All of Illinois Qualify for an Interest Rate This Good! At Nearly 4,000 sq ft This True Triplex Boasts Two Spacious Units w/ 4 Beds | 2 Full Baths & One Unit w/ 3 Beds | 2 Full Baths! Well Maintained Building Includes Newer First Floor Water Heater, Windows & 3 Parking Spaces at the Rear of the Building! Conveniently Located Across From the Brand New 79th Street Metra Station & Mere Blocks Away From Lake Shore Drive, Transportation is Easily Accessible! A Short Distance From Several Major Economic Developments Unfolding in the Area! Don't Miss Out on This Opportunity to Invest in a Thriving Market! Tenants Pay Electric, Gas & Heat! Unit #1 Rented for $1150. Unit #2 Rented for $1,290. Unit #3 Rented for $1,320. Rents are Artificially Low for the Area. All Tenants are Month to Month! You Can Acquire This Building for $0 Down, a Cap Rate of 10.66% & Potential Cash-on-Cash Return of Over 360%!

Property Map

Property Details

Utilities

  • Heating Natural Gas, Forced Air
  • Cooling
  • Water Public
  • Sewer Public Sewer

Additional Information

Parking
3 Parking Spaces, Unassigned, On Site, Owned
Schools
District 299

Payment Calculator

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Principal & Interest
$0
Property Tax
$0
Assessments
$0
Home Insurance
$0
Mortgage Insurance
$0

Listing History

04-18-2025 Listed at $275,000
Last Modified 4/24/25 12:05 AM

Nearby Transportation

  • Bus 79 < 0.1 mi
  • Bus 4 0.4 mi
  • Bus 30 0.5 mi
  • Bus 75 0.5 mi
  • Bus 28 0.6 mi
  • Bus 3 0.9 mi
  • Bus 87 1.0 mi
  • Bus 71 1.0 mi
  • Bus 15 1.1 mi
  • Bus J14 1.1 mi
  • Metra Electric 0.1 mi
  • I 90 East 0.7 mi
  • I 94 West 1.4 mi
  • I 94 East 1.4 mi
  • I 90 West 2.6 mi
  • Hwy 57 2.8 mi
  • Hwy 57 3.4 mi
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