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Chicago Heights,IL 60411
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12506567
Bedrooms 6
Year Built 1925
Annual Tax Amount $4,895
Tax Year 2023
Lot Dimensions 9311
Property Sub-Type Two to Four Units
Property Description
Excellent opportunity for an owner occupant or investor looking for a two-unit property with solid income potential. Each spacious unit offers a comfortable layout with separate entrances and hardwood floors throughout. The first-floor unit includes four bedrooms and two baths, ideal for a large household or live-in owner. The second-floor unit features two bedrooms and one bath, perfect for extended family or additional rental income. The property is currently owner-occupied and will be delivered vacant at closing, making it ready for immediate occupancy or tenant placement. Estimated market rents range from approximately $1,800-$2,500 per month for the main unit and $1,100-$1,600 per month for the upper unit, depending on the level of improvements and finishes. With both units leased, the projected total gross monthly income could range from $2,900-$4,100, offering excellent potential cash flow and long-term appreciation. The full basement provides added storage and includes laundry connections. A detached two-car garage and screened porch add convenience and functionality. The property needs repairs and is being sold as-is. Buyer will be responsible for any required village repairs per the City of Chicago Heights point-of-sale inspection. Located near schools, shopping, and commuter access, this property offers an ideal blend of value, flexibility, and income opportunity. Whether you're seeking a home to occupy while offsetting your mortgage or expanding your investment portfolio, this two-flat presents strong potential in a growing market.
Location
State IL
County Cook
Area Chicago Heights
Rooms
Basement Unfinished,Full
Interior
Heating Radiator(s)
Equipment Ceiling Fan(s)
Fireplace N
Exterior
Garage Spaces 2.0
Community Features Sidewalks,Street Paved
Roof Type Asphalt
Building
Dwelling Type Two to Four Units
Building Description Aluminum Siding, No
Sewer Public Sewer
Water Public
Structure Type Aluminum Siding
New Construction false
Schools
Elementary Schools Roosevelt Elementary School
High Schools Bloom High School
School District 170 ,170, 206
Others
Ownership Fee Simple
Special Listing Condition None