3551 E 106th Street
Chicago, IL 60617

Status: Active Under Contract
Multi Family
5 beds
0 baths
0 sq.ft
Listing Price: $320,000
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About this home

Conveniently located 3 unit building with separate utilities close to schools, shopping and transportation. All three unit kitchens have been updated along with updated flooring. Rents are below market rent. Fantastic tenants. The Bottom B unit tenant has been living there for over 4 years. The top tenant will be going for 2 years. The building overall has been updated. There are three water heaters where one was replaced in 2024. The roof was replaced in 2016 by the previous owner. You can rent two units out and live in one unit for free, or rent all three out and rake in maximum rental income. Great opportunity for your first, second, or 10th investment property.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building No
Approx Year Built 1916
Parking Total 2
Exterior Building Type Brick
Garage Details Garage Door Opener(s)
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 2
Parking Garage
Rehab Year 2024
Roof Type Asphalt
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - East Side
Zoning Type MULTI
Corporate Limits Chicago
Directions 106TH STREET EAST OR WEST TO PROPERTY
Equipment CO Detectors, Ceiling Fan(s), Multiple Water Heaters
Green Supporting Documents N
Elementary School Gallistel Elementary School Lang
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Space Heater
High Sch George Washington High School
High Sch Dist 299
Sewer Public Sewer
Water Public
Jr High/Middle School Gallistel Elementary School Lang
Jr High/Middle Dist 299
Township Hyde Park
Interior Features
Basement Description Unfinished
Basement Partial, Walkout
Bedrooms Count 5
Bedrooms Possible 5
Baths Count 3
Full Baths in Building Count 3
Total Rooms 11
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 950
Appliances And Features Refrigerator, Washer, Dryer, Garage/Space
Full Baths Total 1
Lease Expiration Date 12/24
Rooms Total 4
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 2
Beds Total 2
Baths Total 1
Appliances And Features None
Full Baths Total 1
Lease Expiration Date M/M
Rooms Total 4
Tenant Pays Electric, Gas, Other
Floor Number 2
unit 3
Beds Total 2
Baths Total 1
Actual Rent 1100
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date M/M
Rooms Total 4
Security Deposit 1050
Tenant Pays Electric, Gas, Heat
Floor Number 3
Property / Lot Details
Lot Dimensions 25X125
Lot Description Fenced Yard
Lot Size Source County Records
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 2 Flat
Number Of Units in Building 3
Property Type Two to Four Units

Financials

Other Expenses 2 15000
Insurance Expense $253
Insurance Expense Source Actual
Manager Expense Source AC
Other Expense Source Combination
Rental Income 24892
Investment Profile Residential Income
Water Expense $125

Tax/Assessments/Liens

PIN 26171020070000
Special Assessments N
Taxes $2,682
Tax Year 2022
$320,000 Listing Price:
MLS # 12009164
Investment Profile Residential Income
Listing Market Time 21 days
Basement Partial, Walkout
Type Unit 2 Flat
Number of Units in Building 3
Parking Garage
List Date 06/06/2024
Year Built 1916
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