Perfect house-hacking opportunity! Live for free, while the other 3 units pay for your mortgage. Built in 2007, and updated over the last few years, this building features hardwood floors throughout for units 1-3. Basement unit has 9 ft high ceilings, private washer/dryer, and can have a 3rd bedroom added. 3 units each have 3 bed/2 bath, with primary suites with full baths, walk-in closets, and lots of storage. Unit 1 has all-new stainless steel Samsung appliance package. Most of the appliances in the building have been changed in the last 3 years, along 3 new hot water tanks. The top floor has vaulted ceilings. All units are set up to easily add a washer/dryer in the unit. All separate utilities. Owner pays only for water and common electricity. Huge metal porches in the rear, and all-gated front and rear parking areas. Great income potential and is a turn-key investment. It will not last long! Fully rented with long-term tenants, all month-to-month. Rents can all be raised. Monthly income can easily be increased to $6, 400/month by applying for increases with CHA or if owner adds washer/dryer in the unit, the income could be $86, 400/year, and a cap rate after expenses of 13.5%. FHA approved. Must see!

Property Details

PRICE
$535,000
BEDROOMS
11
BATHROOMS
7
SQFT
N/A
YEAR BUILT
2007
PARKING SPOTS
N/A
MLS #
12086776
FULL ADDRESS
4004 4004 Wilcox Street
CITY
Chicago, IL
ZIP
60624

Listing Details

Listing Office
Century 21 S.G.R., Inc.
Listing Agent
Luminita Ispas
Contact
312-455-1322
Last Data Update
2025-02-08T15:37:48Z

Interior

BATHROOMS
7 Full Bathrooms

Schools

School District
299
Elementary School
High School

Buy This Home With a Local Expert

22 years. 600+ Chicago closings. Individual, hands-on representation from first tour through close. Ken can be your buyer's agent on this property. Call 773.398.5585 or drop your details below.

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