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.
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
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#: 11715650

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
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$562,100
2% more+ $11,242
With Zillow Showcase(estimated)
$573,342