2401 S Homan, Chicago, IL for sale

Investment Overview

2401 S Homan presents a rare opportunity for a new operator to enjoy a completely renovated 8 unit turn-key property in the heart of Little Village. The property consists of six (6) 2 bedroom / 1 bathroom apartments and two (2) 1 bedroom apartments / 1 bathroom apartments, as well as 3 exterior parking spaces. Each unit has been completely reconfigured to meet todays renters needs with large bedrooms, ample storage, and open concept kitchen/living room layouts. Additionally, the buildings mechanical systems have been completely updated (new electric, plumbing, HVAC, water service). There are new windows, a redone roof, and the building was recently tuck-pointed. Located just south of all the restaurants and retail offerings on Cermak, five blocks from the Kedzie Pink line, and two blocks from Cermak Fresh Market, this location is directly in the path of significant rent growth. A new operator has the opportunity to acquire a turn-key asset that has significant room for rental upside and property appreciation.