4644 W 47th Street
Chicago, IL 60632

Status: Sold
Multi Family
9 beds
0 baths
0 sq.ft
Listing Price: $519,873

About this home

A glittering investment opportunity awaits you with this solid brick, large 2-flat featuring a finished basement in the highly desirable Midway/Garfield Ridge/Archer Heights location. This beautifully remodeled building boasts many recent improvements, making it an ideal choice for owner-occupied investors or those seeking a low-maintenance 'armchair investment.' The interior showcases bright and airy, updated, and recently painted 3-bedroom apartments. The main level (owner-deluxe) apartment features gleaming hardwood flooring throughout, a spacious living room that opens to a large, updated kitchen with modern gray cabinets, granite countertops, and stainless steel appliances. Additionally, there's a nicely updated bathroom. The upper-level apartment follows the same design, featuring an updated kitchen with sleek blue-gray cabinets, granite countertops, stainless steel appliances, and wood-laminate flooring throughout. This apartment has also seen recent updates to its bathroom. Three more bedrooms and a third bathroom are located on the above-ground/lower level. Other notable features include a 2-car brick garage (currently rented for $200 a month to an offsite tenant) equipped with 220 electric service and a newer garage door opener motor. Other property highlights include newer exterior concrete sidewalks and a concrete patio in the backyard, 2017 low-maintenance windows, a roof installed in 2017, and a water heater from 2015. The property is equipped with one gas meter and three electric meters. Conveniently situated right off I-55 and Cicero, this multi-unit property is minutes away from all nearby conveniences, restaurants, and shopping. Only 20 minutes from downtown with fast access to the CTA orange line & Midway airport, this investment opportunity not only provides a well-appointed living space but also strategic proximity to key transportation hubs, ensuring both comfort and convenience for residents. Don't say 'should have, ' 'would have' later-avoid regrets & secure your viewing appointment now before this opportunity slips away!

Property details

Property / Lot Details
Acreage 0.09
Lot Dimensions 32X125
Lot Description Fenced Yard, Landscaped
Lot Size Source County Records
Lot Size Less Than .25 Acre
Model 2 FLAT
Other Structures None
Ownership Fee Simple
Type Unit 2 Flat
Number Of Units in Building 3
Property Type Two to Four Units
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 61-70 Years
3 Bedroom Unit in Building Yes
Approx Year Built 1962
Parking Total 2
Exterior Building Type Brick
Exterior Property Features Patio
Foundation Concrete Perimeter
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 2
Parking Garage
Rehab Year 2018
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Curbs, Sidewalks, Street Lights, Street Paved
Area Major CHI - Garfield Ridge
Zoning Type MULTI
Corporate Limits Chicago
Directions Cicero Ave to 47th Street, East to address.
Elementary Sch Dist 299
Heat/Fuel Natural Gas
High Sch Dist 299
Sewer Public Sewer
Water Public
Jr High/Middle Dist 299
Township Lake
Interior Features
Basement Description Finished
Basement Full
Bedrooms Count 9
Bedrooms Possible 9
Baths Count 3
Full Baths in Building Count 3
Total Rooms 17
Units
unit 1
Beds Total 3
Baths Total 1
Actual Rent 1200
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date 5/24
Rooms Total 5
Security Deposit 1200
Tenant Pays Electric
Floor Number G
unit 2
Beds Total 3
Baths Total 1
Actual Rent 1500
Appliances And Features Stove, Refrigerator, Microwave
Full Baths Total 1
Lease Expiration Date 3/25
Rooms Total 6
Security Deposit 1500
Tenant Pays Electric
Floor Number 1
unit 3
Beds Total 3
Baths Total 1
Actual Rent 1700
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date MO/MO
Rooms Total 6
Security Deposit 1650
Tenant Pays Electric
Floor Number 2

Financials

Electric Expense Source Combination
Financing Conventional
Fuel Expense $2,400
Fuel Expense Source Owner Projection
Gross Rental Income $54,600
Insurance Expense $2,200
Insurance Expense Source Owner Projection
Net Oper Income $41,580
Other Addl Income Garage/s
Rental Income 54600
Investment Profile Residential Income
Water Expense $1,800

Tax/Assessments/Liens

PIN 19033140380000
Special Assessments N
Taxes $6,619
Tax Exemptions None
Tax Year 2022
$519,873 Listing Price:
MLS # 11954701
Investment Profile Residential Income
Listing Market Time 36 days
Basement Full
Type Unit 2 Flat
Number of Units in Building 3
Parking Garage
List Date 03/13/2024
Year Built 1962
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