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This is a PRIME INVESTMENT opportunity in University Village/Little Italy, located just a block from the UIC campus. Unit 3S is a spacious 3-bedroom, 2-bath condo with 1,300 square feet of living space. The unit features premium finishes such as granite countertops, a fireplace, a pantry, and a charming Juliet balcony, all within an all-brick, Flexicore building with a newer roof. A parking space is also included. Currently rented to UIC students for $2,550 per month, this property provides reliable cash flow with a lease in place until July 31, 2025. Tenants pay all utilities, ensuring consistent and predictable income with minimal operating expenses. The unit's location near UIC ensures high demand, making it easy to rent year after year, and its proximity to local amenities adds to its appeal for both students and professionals. This is a turnkey investment requiring no immediate work, as the property is already tenant-occupied and income-producing. For investors looking to expand their portfolio, the adjacent Unit 3N, owned by the same seller, is also available for purchase. This presents a unique opportunity to secure two income-generating properties in a sought-after rental market.
Address |
812 S MILLER
Unit# 3S Chicago, IL 60607 |
Listing Status | Active |
Asking Price | $357,500 |
Original Listing | $357,500 @ |
Property Type | Condo |
Asssessment | $280 |
HOA Amenities | Coin Laundry |
Square Footage | Not Disclosed |
Bedrooms | 3 |
Full Bathrooms | 2 |
Directions | Taylor Street to Miller North to home |
Neighborhood | Near West Side |
School District | Not Listed |
County | Cook |
Tax PIN | 17174200621006 |
Property Tax | $6,618 for the year 2023 |
Year Built | 1988 |
Laundry Location | Common Area |
Elevator | Not Listed |
Cooling | Central Air |
Heating | Natural Gas, Forced Air |
Sewer/Septic | Public Sewer |
Fireplaces | Wood Burning (1) |
Interior Features | Hardwood Floors |
Additional Parcels | No |
Appliances | Range, Microwave, Dishwasher, Disposal |
Association Fee Frequency | Monthly |
Basement | None |
Foundation Details | Concrete Perimeter |
High School District | 299 |
Living Area Source | Estimated |
New Construction | No |
Platform | MRED |
AOR | |
MLS Number | MRD12269401 |
Courtesy of | Baird & Warner |
https://www.chicagotopcondos.com/MRD12269401
Style | Attached Single |
Material | Not Listed |
Lot Size | COMMON |
Fencing | Not Listed |
Topography | Not Listed |
Roof | Asphalt |
Swimming Pool | Not Listed |
Parking |
Assigned
Off Alley
Total Spaces: 1
Garage Spaces:
Non-Garage Spaces:
0 -
|
View | Not Listed |