11848 S State Street
Chicago, IL 60628

Status: Active Under Contract
Multi Family
5 beds
0 baths
0 sq.ft
Listing Price: $200,000
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About this home

THE SITUATION: You need a place to live OR you're a Real Estate Investor. You can A) Buy a condo and pay hefty HOA fees monthly OR B) Invest in a MULTI-UNIT BUILDING and COLLECT RENT. THE SMART MONEY SAYS, "BUY THE BUILDING!" SHARP RED BRICK 2-FLAT has all the basics and some extras thrown in. Spacious living areas in both units, enclosed back porches, and access to the high and dry full basement for storage or potential development. Separate heat and electric, a completely fenced and private back yard, and a nice 1-car garage. You can't go wrong here. Long-term MTM tenant would like to stay. Great investment, or move right in and enjoy life.

Property details

Property / Lot Details
Acreage 0.07
Lot Dimensions 3125 SQ FT
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 2 Flat
Number Of Units in Building 2
Property Type Two to Four Units
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1900
Parking Total 1
Exterior Building Type Brick
Parking On-Site Yes
Garage Type Detached
Parking Spaces Count 1
Parking Garage
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - West Pullman
Zoning Type MULTI
Corporate Limits Chicago
Directions N or S on State to 11848.
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Forced Air
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan, Public
Jr High/Middle Dist 299
Township Lake
Interior Features
Basement Description Unfinished
Basement Full ,Walkout
Bedrooms Count 5
Bedrooms Possible 5
Baths Count 2
Full Baths in Building Count 2
Total Rooms 11
Units
unit 1
Beds Total 3
Baths Total 1
Appliances And Features Stove, Refrigerator, Window Air Conditioner, Range Hood, Hardwood Floors
Full Baths Total 1
Lease Expiration Date N/A
Rooms Total 6
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 2
Beds Total 2
Baths Total 1
Actual Rent 800
Appliances And Features Stove, Refrigerator, Washer, Dryer, Window Air Conditioner, Range Hood, Hardwood Floors
Full Baths Total 1
Lease Expiration Date MTM
Rooms Total 5
Security Deposit 800
Tenant Pays Electric, Gas, Heat
Floor Number 2

Financials

Rental Income 800/MO
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 25214290370000
Special Assessments N
Taxes $1,815
Tax Exemptions Homeowner
Tax Year 2022
$200,000 Listing Price:
MLS # 12064389
Investment Profile Residential Income
Listing Market Time 27 days
Basement Full ,Walkout
Type Unit 2 Flat
Number of Units in Building 2
Parking Garage
List Date 05/22/2024
Year Built 1900
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