Homes for sale - 9035 S Burley AVE, Chicago, IL 60617

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Fri

Jun

Sat

Jun

Sun

Jun

Joseph DeFrancesco

team@dappercrown.com +1(630) 702-9782

$ 475,000

Est. payment | -/mo

11 Beds

4 Baths

3,484 Sqft Lot

Save

$ 475,000

Est. payment | -/mo

Save

11 Beds

4 Baths

3,484 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12371085

Bedrooms 11

Maintenance Fees $2,500

Annual Tax Amount $6,000

Tax Year 2023

Lot Size 3,484 Sqft

Lot Dimensions 25 X 140

Property Sub-Type Two to Four Units

Property Description

Beautiful Brick 4 Unit with Jumbo units with Market Value total Rent at 6800 a month (81K a year at a great price 5.8 GRM!). Each unit has Large Living and Dining Rooms and Pantry With Laundry Hookups. There are 11 bedrooms total and 4 baths. Currently 2 professionally term leased apartments ( 2 units will be vacant so you can owner occupy/take over). Units 1 and 3 are rented are paying 1550 and 1750. Unit 1 has 2 beds, Unit 2, 3, and 4 offer 2/3 bed layouts. The units, with Laundry and spacious rooms, Fireplaces, Dining Living Rooms get higher rents and less turnover. Well appointed kitchens and Baths. Units have furnaces, back deck, and large yard(thanks to the 140' extra long lot) , & there is easy parking and can park 3 cars on lot(just move fence which we can do for you). Bright light enters/open air on sides(buy city lot next door easily - we have Alderman support already). APPRECIATION: maybe the best bet in the city for appreciation due to NEW QUANTUM COMPUTING CENTER just 1/2 mile east (see pics for details) many years of jobs+Development are on the way! The Quantum Center just broke ground and is being built now...Just Google Chicago Quantum Computing Center. Location also across from Grammar School and national landmark, and another Charter School w playground on other corner. There are Cta 6 bus routes, and 2 Metra stations(south shore) are walkable. The Lakefront is short walk and 2 Parks entice you on the way (2 blocks east is New Park and further on Lake side is Steelmakers park w fishing canal). Driving: 90/94 2 minutes and Walmart/Indiana border/Casino is minutes away. All transportation options for renters are satisfied due to this, as well as, a short walk to grocery and Dunkin/Eating on 91st. Ripe for appreciation due to development also because the Half Billion $ Quantum center is putting in over 30+ homes on 30+ of the 500 vacant lots surrounding this area along Lake and East of Skyway. BIG ADD ON: The LOT NEXT DOOR (9039 to south) may be purchased if qualified by this owner from city in the October/Fall via Adjacent Lot Program if handled quickly after sale (I have a copy of Alderman support letter in hand for purchase of lot - ask Broker for copy). Owning this building likely favors you for the land and a discount on it! No FHA loans. Some TLC for next owner The improvement projects left to do here next (update windows in front, some tuck pointing over time, various smaller cap ex projects) and if well managed there will be money to handle all issues over time with cashflow. Tenants in good standing. Can show 2 units easily and others with video and entry after offer . Full financials available in share folder and video via broker

Location

State IL

County Cook

Area Chi - South Chicago

Zoning MULTI

Rooms

Basement None

Interior

Heating Natural Gas, Space Heater

Equipment CO Detectors, Ceiling Fan(s), Water Heater-Gas

Fireplace N

Exterior

Exterior Feature Balcony, Dog Run

Community Features Park, Lake, Gated, Sidewalks, Street Lights, Street Paved

Roof Type Rubber

Building

Dwelling Type Two to Four Units

Building Description Brick, Yes

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Phillip Buoscio • Keller Williams ONEChicago

GET MORE INFORMATION

Joseph DeFrancesco

Partner | Senior Broker

+1(630) 702-9782 | team@dappercrown.com

9035 S Burley AVE Chicago, IL 60617

Joseph DeFrancesco

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

GET MORE INFORMATION

Go tour this home

9035 S Burley AVE