4731 S Wood Street
Chicago, IL 60609

Status: Sold
Multi Family
7 beds
0 baths
0 sq.ft
Listing Price: $319,900
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About this home

Income generating legal 3 flat. Zoning has been updated with City of Chicago. First floor is split into (2) units. Second floor is the owner's unit that has undergone full renovation. Ideal for an investor looking to house-hack, live in one unit and rent out the rest to offset mortgage or for a seasoned investor who would like to add to portfolio. Property has room for value add. Rents YoY have steadily continued to increase due to supply and demand making multi family properties more desirable. Seller is open to providing some credit towards rate buy down / seller credit to reduce cash to close

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age Unknown
3 Bedroom Unit in Building No
Parking Total 2
Exterior Building Type Vinyl Siding, Frame
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 2
Parking Garage
Rehab Year 2018
Roof Type Asphalt
MRD Virtual Tour None
Virtual Tour Date 11/02/2023 4:30 pm
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - New City
Corporate Limits Chicago
Directions Turn left on 47th St.
Elementary Sch Dist 299
Heat/Fuel Natural Gas
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan
Jr High/Middle Dist 299
Township Lake
Interior Features
Basement Description Unfinished
Basement Bathrooms No
Basement Full
Bedrooms Count 7
Bedrooms Possible 7
Baths Count 3
Full Baths in Building Count 3
Total Rooms 7
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 900
Appliances And Features None
Full Baths Total 1
Lease Expiration Date MTM
Rooms Total 2
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 2
Beds Total 1
Baths Total 1
Actual Rent 650
Appliances And Features None
Full Baths Total 1
Lease Expiration Date MTM
Rooms Total 3
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 3
Beds Total 4
Baths Total 1
Appliances And Features None
Full Baths Total 1
Lease Expiration Date OWNER
Rooms Total 7
Security Deposit OWNE
Tenant Pays Electric, Gas, Heat
Floor Number 2
Property / Lot Details
Lot Dimensions 25X125
Lot Size Standard Chicago Lot
Ownership Fee Simple
Type Unit 3 Flat
Number Of Units in Building 3
Property Type Two to Four Units

Financials

Financing Conventional
Gross Rental Income $21,600
Net Oper Income $18,000
Rental Income 21600
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 20072040170000
Special Assessments N
Taxes $1,438
Tax Year 2022
$319,900 Listing Price:
MLS # 11921983
Investment Profile Residential Income
Listing Market Time 120 days
Basement Full
Type Unit 3 Flat
Number of Units in Building 3
Parking Garage
List Date 11/01/2023
Year Built
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