7040 S Morgan Street
Chicago, IL 60621

Status: Active
Multi Family
7 beds
0 baths
0 sq.ft
Listing Price: $297,000

About this home

Turnkey Investment Opportunity or Perfect Multiunit Home for Owner-Occupiers Welcome to this beautifully renovated 2-unit brick multifamily building, an ideal opportunity for both savvy investors and those seeking a multiunit home to live in. Fully renovated in 2019, this property is ready for you to move in or start generating rental income immediately. Key Features: New Roof, Windows, Furnaces, and Water Heaters: All installed in 2019, ensuring peace of mind and energy efficiency. Individually Heated Units: Each unit comes with its own furnace and water heater. Unit Details: 1st Floor Unit: This spacious duplex down boasts 4 bedrooms and 2 bathrooms. The main level features a large living room, a formal dining room, and an eat-in kitchen with a stainless steel appliance package and a stylish glass tile backsplash. The lower level includes a generous family room, perfect for gatherings and relaxation. 2nd Floor Unit: The large second-floor unit offers 3 bedrooms and 1 bathroom, providing ample space for tenants or extended family members. Additional Highlights: Wrought Iron Fence: Adding both security and curb appeal. 2-Car Parking Pad: Convenient off-street parking for residents. This property is perfect for those looking to invest in a turnkey rental property or for buyers wanting a comfortable home with rental income potential. Don't miss out on this fantastic opportunity-schedule your viewing today

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 61-70 Years
3 Bedroom Unit in Building Yes
Parking Total 2
Exterior Building Type Brick
Parking Features Secured, Rear/Side Entry
Garage On-Site Yes
Parking Ownership N/A
Parking Space/s
Rehab Year 2020
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Curbs, Sidewalks, Street Lights, Street Paved
Area Major CHI - Englewood
Zoning Type OTHER
Corporate Limits Chicago
Directions 71ST EAST/WEST TO MORGAN - NORTH TO PROPERTY
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Forced Air
High Sch Dist 299
Sewer Public Sewer
Water Public
Jr High/Middle Dist 299
Township Hyde Park
Interior Features
Basement Description Finished, Exterior Access
Bath Amenities Separate Shower
Basement Full
Bedrooms Count 7
Bedrooms Possible 7
Baths Count 3
Full Baths in Building Count 3
Total Rooms 12
Units
unit 1
Beds Total 4
Baths Total 2
Actual Rent 1600
Appliances And Features Stove, Refrigerator, Dishwasher, Microwave
Full Baths Total 2
Lease Expiration Date 0000
Rooms Total 7
Tenant Pays Electric,Gas
Floor Number 1
unit 2
Beds Total 3
Baths Total 1
Appliances And Features Stove, Refrigerator, Dishwasher, Microwave
Full Baths Total 1
Rooms Total 6
Tenant Pays Electric,Gas
Floor Number 2
Property / Lot Details
Lot Dimensions 30X125
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

Investment Profile Residential Income

Tax/Assessments/Liens

PIN 20204270290000
Special Assessments N
Taxes $1,131
Tax Year 2022
$297,000 Listing Price:
MLS # 12117368
Investment Profile Residential Income
Listing Market Time 60 days
Basement Full
Type Unit 2 Flat
Number of Units in Building 2
Parking Space/s
List Date 07/30/2024
Year Built
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