Welcome to South Chicago at 9020 S. Burley Ave, a well-maintained legal 3-unit building located near Lake Michigan. This fully occupied income-producing property offers an excellent opportunity for investors seeking stable rental income with future upside potential. All three units are currently rented on month-to-month leases, providing immediate cash flow and future flexibility. Each spacious unit features 3 bedrooms and 1 bathroom with functional layouts designed for comfortable living and long term tenants. The current ownership has completed several valuable updates, including recent improvements to the second and third-floor units. Additional upgrades include new plumbing throughout the building, newer roof, New HVAC systems and furnaces, and new water heaters, helping reduce future maintenance concerns. Conveniently located near parks, shopping, public transportation, schools, and commuter access, this property is positioned within an area seeing continued redevelopment and investment along Chicago's southeast corridor. A solid multifamily opportunity with strong rental potential and major mechanical updates already completed.

Property Details

PRICE
$388,000
BEDROOMS
9
BATHROOMS
3
SQFT
N/A
YEAR BUILT
1888
PARKING SPOTS
N/A
MLS #
12623193
FULL ADDRESS
9020 9020 Burley Avenue
CITY
Chicago, IL
ZIP
60617

Listing Details

Listing Office
Coldwell Banker Realty
Listing Agent
Marco Ponce
Contact
312-266-7000
Last Data Update
2026-05-22T16:14:49Z

Interior

BATHROOMS
3 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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