2401 South Homan AvenueChicago, IL 60623Price: $1,395,000

  • Price: $1,395,000
  • 81 Days on Market
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Federal 30-year interest rate: 6.09% last updated on Feb 2, 2023
* 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.
  • 2022Year Built

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2401 S Homan presents a rare opportunity for a new operator to enjoy a completely renovated 8 unit turn-key property in the heart of Little Village. The property consists of six (6) 2 bedroom / 1 bathroom apartments and two (2) 1 bedroom apartments / 1 bathroom apartments, as well as 3 exterior parking spaces. Each unit has been completely reconfigured to meet todays renters needs with large bedrooms, ample storage, and open concept kitchen/living room layouts. Additionally, the buildings mechanical systems have been completely updated (new electric, plumbing, HVAC, water service). There are new windows, a redone roof, and the building was recently tuck-pointed. Located just south of all the restaurants and retail offerings on Cermak, five blocks from the Kedzie Pink line, and two blocks from Cermak Fresh Market, this location is directly in the path of significant rent growth. A new operator has the opportunity to acquire a turn-key asset that has significant room for rental upside and property appreciation.

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Listed by Alexander Morsch and Yohana Garay of Peak Realty Chicago

Based on information submitted to MRED  as of February 7, 2023 . 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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