2318 South Homan Avenue, Chicago, IL for sale

Investment Overview

Introducing a prime investment opportunity at 2318 South Homan Avenue, Chicago, IL, 60623. This well-maintained 4,800 SF building boasts 6 units, each equipped with individual furnace heating systems and water heaters, offering tenants control over their utilities and reducing owner expenses. The property features updated kitchens and baths with modern fixtures, as well as a modern electrical system for enhanced safety and reliability. With strong rental upside and a prime location in the thriving Little Village area, this high-performing asset promises immediate cash flow and long-term value appreciation for discerning multifamily and mid-rise investors.

Investment Highlights

• 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!