5722 S Morgan Street
Chicago, IL 60621

Status: Sold
Multi Family
5 beds
0 baths
0 sq.ft
Listing Price: $175,000

About this home

Discover an exceptional investment opportunity with this versatile 2-unit property, perfectly situated in a desirable south-side neighborhood. Each unit features beautiful hardwood floors throughout the main areas, enhancing the classic charm and easy maintenance of this property. This multi-family home offers excellent rental potential and the flexibility to accommodate various living arrangements. Unit 1 is cozy and functional, featuring 2 bedrooms and an additional versatile room in the back, perfect for an office, guest room, or playroom. It includes 1 bathroom, hardwood floors in the living room, dining area, and bedrooms, a well-equipped kitchen, and a comfortable bathroom. Ample natural light brightens the space throughout. Unit 2 is spacious and bright, with 3 well-sized bedrooms, generous living spaces with hardwood flooring throughout, and ample closet space. The large, inviting living room and dining area, along with a functional kitchen and full bathroom, make it a perfect rental unit. Additional property highlights include a prime location with easy access to schools, shopping, dining, and public transportation. Each unit has separate entrances and utility meters, making it ideal for investors or owner-occupants looking for additional rental income. With minimal upgrades, there is significant potential for rental income growth. Don't miss out on this rare chance to own a versatile and income-generating property. Schedule a showing today and explore the potential of this outstanding investment opportunity.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 91-100 Years
3 Bedroom Unit in Building Yes
Approx Year Built 1927
Parking Total 4
Exterior Building Type Brick
Garage On-Site Yes
Parking Space/s
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - Englewood
Corporate Limits Chicago
Directions Take 55th St. west to Morgan
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 5
Bedrooms Possible 5
Baths Count 2
Full Baths in Building Count 2
Total Rooms 7
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 1100
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date 06/24
Rooms Total 6
Security Deposit 1100
Tenant Pays All
Floor Number 1
unit 2
Beds Total 3
Baths Total 1
Actual Rent 1100
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date 05/25
Rooms Total 7
Security Deposit 1100
Tenant Pays All
Floor Number 2
Property / Lot Details
Lot Dimensions 4,687
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

Financials

Financing Conventional
Gross Rental Income $26,400
Rental Income 13200
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 20172190330000
Special Assessments N
Taxes $1,748
Tax Year 2022
$175,000 Listing Price:
MLS # 12079884
Investment Profile Residential Income
Listing Market Time 40 days
Basement Full
Type Unit 2 Flat
Number of Units in Building 2
Parking Space/s
List Date 06/23/2024
Year Built 1927
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