$ 410,000
-
$410,000
Price -
4
Bed -
2
Bath -
0
SqFt
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About the Listing 88135 - 889076,257595,121761
MULTIPLE OFFERS RECEIVED BEST AND FINAL DUE BY 5pm MONDAY 2/16 - Located 10 miles from downtown Chicago, Come see this well-maintained 2-flat that is an excellent opportunity for an owner-occupant buyer looking to live in one unit while collecting rental income from the other. Both units feature similar layouts with 2 bedrooms and 1 full bath, offering functional floor plans and consistent rental demand. The first-floor unit is vacant and move-in ready, featuring hardwood floors and an updated kitchen with dark cabinetry, stone countertops, and stainless steel appliances, and a work from home space off the kitchen- perfect for a buyer who wants immediate occupancy. The second-floor unit is currently rented at $1,400/month, tenant responsible for gas and electric. The lease is month-to-month, giving the new owner flexibility to adjust rents toward current market levels if desired, or sign tenant to a longer lease. Second-floor rent is WELL BELOW current market levels as the rent has not been increased in almost 5 years. The property also includes a detached 2-car garage with two parking spaces, basement laundry, separate living areas, and a straightforward setup ideal for house-hackers and first-time multi-unit buyers. Strong blend of livability and upside potential - live in one unit and let the rental income help support your mortgage. Great opportunity to build equity while keeping monthly costs down. Schedule your showing today!
Listing Highlights
Status
Pending
Days on Site
15
Property Type
Multi-Family
MLS ®
12565604
Year Built
1919
Total Square Footage
0
Lot/Acreage
0.07
Interior Details
- Bedrooms: 4
- Bathrooms: 2 Full
- Appliances:
- Air Cond:
- Heating: Natural Gas,Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Unfinished,Full
- Other:
- Water: Lake Michigan
Exterior Details
- Lot Description: Dimensions to Center of Road
- Garage Capacity: 2 car
- Parking Spaces: 2
- Lot Dimensions: 25X125
- Zoning: MULTI
- Roof: Asphalt
- Others:
- Sewer: Public Sewer
- Parking Features: Garage Door Opener,Yes,Garage Owned,Detached,Garage
Financial Details
- Tax Amount: $8,534
- Taxes w/Assessments: N/A
- Tax/Property ID: 15242120030000
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Questions About..
1404 Elgin Ave Forest Park, IL 60130
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