8046 South Ellis AvenueChicago, IL 60619Price: $299,000

  • Price: $299,000
  • 134 Days on Market
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Federal 30-year interest rate: 5.1% last updated on May 26, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 0.14Acreage
  • 8,400Square Feet
  • 1923Year Built

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A great opportunity for the savy investor or contractor. BR six flat ready to be completed. Roughed in plumbing, conduit, some ductwork and roof repaired plus sealed with Gaco silicone. Seller has plans to convert to 3 bed units w/ separate utilities. Could also potentially convert basements to add 2 more units. All you need to do is finish the work. Buy outright or seller may entertain partnerships. Buyer to assume any and all city items. Sold as-is. Cash or rehab only. Seller has done estimates for rental w/ sec 8 next year. Rates are $1460 for 3 beds and seller anticipated receiving around 105K in yearly gross rental income.

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Listed by Paul Stepanovich of Town Center Properties

Based on information submitted to MRED  as of May 29, 2022 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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