9035 S Burley

Chicago, IL 60617

Beautiful Brick 4 Unit with Jumbo units with Market Value total Rent at 6800 a month (81K a year at a great price 5.8 GRM!). Each unit has Large Living and Dining Rooms and Pantry With Laundry Hookups. There are 11 bedrooms total and 4 baths. Currently 2 professionally term leased apartments ( 2 units will be vacant so you can owner occupy/take over). Units 1 and 3 are rented are paying 1550 and 1750. Unit 1 has 2 beds, Unit 2, 3, and 4 offer 2/3 bed layouts. The units, with Laundry and spacious rooms, Fireplaces, Dining Living Rooms get higher rents and less turnover. Well appointed kitchens and Baths. Units have furnaces, back deck, and large yard(thanks to the 140' extra long lot) , & there is easy parking and can park 3 cars on lot(just move fence which we can do for you). Bright light enters/open air on sides(buy city lot next door easily - we have Alderman support already). APPRECIATION: maybe the best bet in the city for appreciation due to NEW QUANTUM COMPUTING CENTER just 1/2 mile east (see pics for details) many years of jobs+Development are on the way! The Quantum Center just broke ground and is being built now...Just Google Chicago Quantum Computing Center. Location also across from Grammar School and national landmark, and another Charter School w playground on other corner. There are Cta 6 bus routes, and 2 Metra stations(south shore) are walkable. The Lakefront is short walk and 2 Parks entice you on the way (2 blocks east is New Park and further on Lake side is Steelmakers park w fishing canal). Driving: 90/94 2 minutes and Walmart/Indiana border/Casino is minutes away. All transportation options for renters are satisfied due to this, as well as, a short walk to grocery and Dunkin/Eating on 91st. Ripe for appreciation due to development also because the Half Billion $ Quantum center is putting in over 30+ homes on 30+ of the 500 vacant lots surrounding this area along Lake and East of Skyway. BIG ADD ON: The LOT NEXT DOOR (9039 to south) may be purchased if qualified by this owner from city in the October/Fall via Adjacent Lot Program if handled quickly after sale (I have a copy of Alderman support letter in hand for purchase of lot - ask Broker for copy). Owning this building likely favors you for the land and a discount on it! No FHA loans. Some TLC for next owner The improvement projects left to do here next (update windows in front, some tuck pointing over time, various smaller cap ex projects) and if well managed there will be money to handle all issues over time with cashflow. Tenants in good standing. Can show 2 units easily and others with video and entry after offer . Full financials available in share folder and video via broker