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6024 W Addison Street, Chicago, IL 60634

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For Sale

$669,000

6 beds

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Over 50 Years Old
    Age

Explore this Property

Fantastic investment opportunity to own a turnkey, income-producing property in the heart of Portage Park. This solid brick building features a legal two-flat plus a fully finished garden-level in-law apartment, offering excellent cash flow and flexibility for both investors and owner-occupants looking to decrease their mortgage expense by living in one unit and renting out the others. Located on vibrant Addison Street, the property is well-maintained and recently updated. The second-floor and garden units have been fully remodeled and feature spacious living and dining areas, updated bathrooms, new windows, and modern kitchens with plenty of cabinet space and updated appliances. The first-floor unit includes three bedrooms and one bathroom. The second-floor unit offers four bedrooms and one bathroom. Both main units feature classic hardwood floors, ceiling fans, with a separate living and dining room, along with an eat-in kitchen and a bright, open layout. The current rental income includes $1,239/month from the garden-level apartment, $2,200/month from the first-floor unit, and $2,565/month from the second-floor unit-bringing the total to $6,004/month or $72,048/annually. Additional features include a fenced backyard, shared patio, common laundry area, and a two-car garage generating additional income. Conveniently located near public transit, major expressways, parks, and everyday essentials like Walmart, ALDI, and Home Depot. Just six miles from Wrigley Field, this property benefits from high rental demand and long-term value in a desirable neighborhood. **FHA buyers are welcome.
MLS# 12391425

Courtesy Of Real 1 Realty

(224) 699-9396

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Heating System
    Steam
  • Lot Size
    0.09 Acres

Map and Directions

Directions to 6024 W Addison Street, Chicago, IL 60634

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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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