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Listed price in listed location currency (USD).
$575,000

731

MLS® 12795866

Overview

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage 
Taxes $7,712
Days Active 0
Lot Size 0.07 Acres
Approx. Age 1898
MLS® Number 12795866

Property Address: 331 S Richmond St, Chicago, IL, 60612-5515

Average square foot calculated using Size range provided by listing agent.

Description

Excellent investment opportunity in Chicago's East Garfield Park neighborhood! This three-unit property offers strong income-producing potential with extensive improvements throughout, including updated plumbing and electrical systems, new flooring, updated tile, fresh paint, newer boilers, and a newer furnace. Two of the three units have been recently renovated, while the third is currently tenant-occupied, providing an opportunity for immediate rental income. The property features an enclosed metal fence and convenient access to major expressways, public transportation, and downtown Chicago. All three units offer potential for participation in the Housing Choice Voucher program, subject to applicable program requirements and approvals. Investors may also explore the possibility of converting the property into three individual condominium units, subject to municipal approvals and applicable legal requirements. Whether you're looking to expand your rental portfolio or explore future investment opportunities, this well-located three-flat offers flexibility and long-term potential. Schedule your showing today!
MLS® Number12795866
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1898
BasementFinished, Full
DrivewayYes, Other
Garage Spaces
HeatGas
A/C

Extras

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