2318 South Homan Avenue

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Address: 2318 S Homan Ave, Chicago, IL 60623, USA
Created date: September 11, 2024
Date last updated: January 23, 2025
  • Individual Heat & Water Heaters: Each unit comes equipped with its own furnace heating system and water heater, providing tenants with control over their utilities and reducing owner expenses.
  • Modern Electrical Systems: The units have been recently upgraded with new wiring, ensuring a safe and reliable electrical setup for all residents to code.
  • Updated Kitchens & Baths: Every unit features contemporary kitchens and bathrooms, complete with modern fixtures, cabinetry, and finishes, making the apartments highly desirable to tenants.
  • Strong Rental Upside: With the improvements already in place and the growing demand in this bustling area, there is significant potential for rental rate increases, offering an attractive return on investment.
  • Located in Little Village, a community known for its rich culture, dining, and shopping options, this building is perfectly positioned to capitalize on the neighborhood's ongoing growth. With easy access to public transportation, parks, and schools, this property offers a prime opportunity to own in one of Chicago's most dynamic areas.
  • A high-performing asset with both immediate cash flow and long-term value appreciation!

Property Description

Very Large 6-unit building within a designated ADU pilot area for a 7th unit. Large new garage. Individual furnaces Individual water heaters. New electrical wiring in the units.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $700,000
No. of Units: 6
Opportunity Zone: No
Price per unit: $116,667
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Address: 2318 South Homan Avenue, Chicago, IL 60623, USA
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