8448 S Burley Avenue
Chicago, IL 60617

Status: Active
Multi Family
9 beds
0 baths
0 sq.ft
Listing Price: $340,000

About this home

Whether you're looking for the latest addition to your investment portfolio, or searching for a great place to call home and generate income at the same time, allow me to welcome you to 8448 S Burley Avenue. On the first floor, we have two spacious units. One two bedroom, one bathroom, and one one bedroom, one bathroom unit. Long term tenants are consistent, reliable, and friendly. Tremendous opportunity for future renovation and modernization to increase equity, value, and rental rates. Both units are rented through October 2024. The top two floors make up the third unit. Rehabbed in 2022, and customized by the current owners, this space features five bedrooms, two walk in closets, two full bathrooms, laundry area, modern kitchen, and plenty of space for a family room, recreation room, home office, storage, or just about anything else you can imagine. Unfinished basement, one car garage with lots of storage, great outdoor space ready for your ideas, and just minutes away from Lake Michigan! And if that wasn't enough, this incredible opportunity features a new roof (2024), new water heaters (2022), and a new furnace (2023). All that's missing is YOU! Live life here, at 8448 S Burley. Home awaits!

Property details

Property / Lot Details
Acreage 0.07
Lot Dimensions 25X124
Lot Size Standard Chicago Lot
Ownership Fee Simple
Style of House Tri-Level
Type Unit 3 Flat, 3 Story Unit/s
Number Of Units in Building 3
Property Type Two to Four Units
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1902
Parking Total 2
Exterior Building Type Vinyl Siding
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 2
Parking Garage
Rehab Year 2022
Roof Type Asphalt
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Lake, Curbs, Sidewalks, Street Lights, Street Paved
Area Major CHI - South Chicago
Zoning Type MULTI
Corporate Limits Chicago
Directions 83rd St. to Burley Ave to address.
Equipment Multiple Water Heaters
Elementary Sch Dist 299
Heat/Fuel Forced Air
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan, Public
Jr High/Middle Dist 299
Township Hyde Park
Interior Features
Basement Description Unfinished, Crawl, Cellar, Exterior Access
Basement Partial
Bedrooms Count 9
Bedrooms Possible 9
Baths Count 4
Full Baths in Building Count 4
Total Rooms 18
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 800
Appliances And Features Stove, Refrigerator, Window Air Conditioner
Full Baths Total 1
Lease Expiration Date 10/24
Rooms Total 4
Tenant Pays Electric, Gas, Heat
Floor Number 1
Square Feet 900
unit 2
Beds Total 2
Baths Total 1
Actual Rent 925
Appliances And Features Stove, Refrigerator, Window Air Conditioner
Full Baths Total 1
Lease Expiration Date 10/24
Rooms Total 4
Tenant Pays Electric, Gas, Heat
Floor Number 1
Square Feet 1000
unit 3
Beds Total 5
Baths Total 2
Appliances And Features Stove, Refrigerator, Window Air Conditioner, Laundry Hook-Up, Range Hood, Hardwood Floors, Walk-In Closet
Full Baths Total 2
Rooms Total 9
Tenant Pays Electric, Gas, Heat, Scavenger, Water
Floor Number 2
Square Feet 3000

Financials

Investment Profile Residential Income

Tax/Assessments/Liens

PIN 21322040430000
Special Assessments N
Taxes $1,160
Tax Exemptions None
Tax Year 2023
$340,000 Listing Price:
MLS # 12137919
Investment Profile Residential Income
Listing Market Time 44 days
Basement Partial
Type Unit 3 Flat, 3 Story Unit/s
Number of Units in Building 3
Parking Garage
List Date 08/14/2024
Year Built 1902
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