7420 S Harvard Avenue
Chicago, IL 60621

Status: Active Under Contract
Multi Family
10 beds
0 baths
0 sq.ft
Listing Price: $400,000
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About this home

Discover this classic Chicago Greystone, a turnkey-ready 3-unit multi-family building that promises nearly $4, 000 in monthly rental income, making it an outstanding investment opportunity. Located strategically south of Englewood and north of Auburn Gresham, this property is within walking distance to schools, enhancing its appeal. Each of the units is thoughtfully updated and comes with essential appliances. The building includes a total of 10 bedrooms and 3 full baths, with the basement and 1st-floor units featuring 3 bedrooms and 1 bath each, while the 2nd-floor unit offers 4 bedrooms and 1 bath. Additionally, enjoy the benefit of super low property taxes under $1, 000 and a private fence that secures the property. This building is an excellent choice for investors seeking significant cash flow or live in one unit and live for free!! Low overhead in a desirable Chicago location.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1899
Parking Total 1
Exterior Building Type Stone
Exterior Property Features Balcony
Parking Features Off Street
Garage On-Site Yes
Parking Ownership N/A
Parking Space/s
Roof Type Flat
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - Greater Grand Crossing
Zoning Type MULTI
Corporate Limits Chicago
Directions Take I-94 Express E to S Lafayette Ave. Take exit 60A from I-94 E Take W 75th St to S Harvard Ave
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 Finished
Basement Bathrooms No
Basement Full
Bedrooms Count 10
Bedrooms Possible 10
Baths Count 3
Full Baths in Building Count 3
Total Rooms 17
Units
unit 1
Beds Total 3
Baths Total 1
Actual Rent 1300
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date MTM
Rooms Total 7
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 2
Beds Total 4
Baths Total 1
Actual Rent 1400
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date MTM
Rooms Total 9
Tenant Pays Electric, Gas, Heat
Floor Number 2
unit 3
Beds Total 3
Baths Total 1
Actual Rent 1195
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date 9-24
Rooms Total 7
Tenant Pays Electric, Gas, Heat
Floor Number B
Property / Lot Details
Deconversion N
Lot Dimensions 33 X 122
Lot Size Source County Records
Lot Size Less Than .25 Acre
Ownership Fee Simple
Style of House Greystone
Type Unit 2 Flat,3 Flat
Number Of Units in Building 3
Property Type Two to Four Units

Financials

Investment Profile Residential Income

Tax/Assessments/Liens

PIN 20282230240000
Special Assessments N
Taxes $823
Tax Exemptions None
Tax Year 2022
$400,000 Listing Price:
MLS # 12043864
Investment Profile Residential Income
Listing Market Time 48 days
Basement Full
Type Unit 2 Flat,3 Flat
Number of Units in Building 3
Parking Space/s
List Date 04/30/2024
Year Built 1899
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