Skip main navigation
Closed
  • $430,000

    1101 N Hamlin Ave, Chicago, IL 60651

    8beds
    --sqft
    Multi Family
    Built in 1914
    -- sqft lot
    $562,100 Zestimate®
    $--/sqft
    $2,596 Estimated rent

    What's special

    The search is over for the income producing property in West Humboldt Park. This four-flat is the perfect opportunity for an owner-occupied that will live for free while the other units pay for the mortgage and operating expenses. This building is an investor's cash cow to grow the investment portfolio and appreciate passive income with steady cash flow. The two front apartments feature 2 bedrooms and 1 bathroom with separate living rooms, dining rooms and kitchens. The rear apartment has been duplexed down to create a larger, comfortable layout featuring 4 bedrooms and 2 bathrooms, separate living room, dining room and kitchen. The basement front is finished with an-in law arrangement. The basement rear is the entertainment/man cave area along with a large laundry room. All of the appliances in the apartments and in-law arrangement stay with the property. The market rents for 2 bedrooms in Humboldt Park are $1200+ and 4 bedrooms with 2 bathrooms are $1600+. That's $4k a month in rental income! Currently there are new construction homes being built within a 5-block radius. This property is 5 minutes away from the I-290 (Eisenhower) expressway (south on Hamlin/ Independence Blvd) and another 10 minutes East to downtown Chicago. There is a Walmart Super Center 8-minutes away. Selling As-Is.

    Zillow last checked: 7 hours ago

    Listing updated: May 15, 2023 at 11:46am

    Listing courtesy of:

    Sheyla Padilla 773-842-4006,

    eXp Realty

    Bought with:

    Brian Leong

    Century 21 S.G.R., Inc.

    Source: MRED as distributed by MLS GRID,MLS#: 11715650MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    • Full bathrooms: 5
    Heating
    • Natural Gas
    Features
    • Basement: Full

    Property

    Lot
    • Size: 3,287 sqft
    Details
    • Parcel number: 16023040270000
    • Zoning: MULTI
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick
    • Foundation: Concrete Perimeter
    Condition
    • New construction: No
    • Year built: 1914

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Lake Michigan

    Community & neighborhood

    Location
    • Region: Chicago

    Other

    Other facts
    • Listing terms: FHA 203K
    • Ownership: Fee Simple
    Services availability
    Sell for more on Zillow
    Get a free Zillow Showcase℠ listing and you could sell for .
    $562,100
    2% more+ $11,242
    With Zillow Showcase(estimated)
    $573,342