The Pankey Group
- Buy
- Sell
https://www.ruhlmortgage.com/LawrenceDavis.html
Description
Turnkey legal brick 3-flat in the heart of Douglass Park, surrounded by a wave of new construction and neighborhood redevelopment. This well-maintained, income-producing property features three units with in-unit laundry, central A/C, gas forced heating, hardwood flooring, and soaring 9-foot ceilings. The garden unit offers durable ceramic tile flooring. Recent capital improvements include a new roof (2023), a brand new air conditioning unit for the garden unit, a newly poured concrete parking pad with secure gated parking for three vehicles, refinished rear decks for the top two units, and a fully enclosed backyard with tons of green space. With two of the three units vacant, this is an exceptional opportunity for an owner-occupant, house hacker, or investor. Move right in, update at your own pace, and lease the remaining units at market rents from day one. Ideally located just one block from Douglass Park and within walking distance of the CTA Pink Line, the property offers easy access to the West Loop, Illinois Medical District, Cinespace Studios, and the United Center's transformative $7 billion 1901 Project. The nearby Endeavor Health Performance Center, home to Chicago Fire FC, further underscores the area's continued investment and long-term growth potential. Seller is a licensed real estate agent in the State of Illinois.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Bedrooms: 8
Bathrooms: 3
County: Cook
High School: Manley Career Academy High Schoo
Listed By:
Baird & Warner
312-242-1000
MRED MLS
MLS ID: 12716932
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1337 S Fairfield Avenue, Chicago, IL 60608.
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563-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $529,000 | $529,000 | $529,000 |
| Down Payment | $105,800 | $18,515 | $132,250 |
| Monthly Mortgage Amount | $2,675 | $3,241 | $3,321 |
| Taxes | $736 | $736 | $736 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $233 | $0 |
| Monthly Estimated Total | $3,565 | $4,363 | $4,211 |
The Pankey Group
Cell: (309) 721-8830
Licensed in IL & IA
Moline Office
1701 52nd Avenue
Moline, IL 61265
(309) 743-8000
Moline, IL 61265
(309) 743-8000
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