About This Property
Value-Add 2-Unit in Woodlawn - Great for Investors or House Hackers Located in the rapidly developing Woodlawn neighborhood, this 2-unit building offers immediate income with room to grow. The property was cosmetically rehabbed in 2022, including updates such as new flooring, fresh paint, and updated kitchen cabinets. The top-floor unit is a spacious 4 bed / 1 bath, currently tenant-occupied with guaranteed rent payments through CHA. The first-floor unit is a vacant 3 bed / 1 bath, perfect for an owner-occupant or ready to lease. An unfinished basement offers excellent value-add potential. Zoned to allow for a 3rd unit conversion or the option to duplex down with the first-floor unit-providing flexibility for increased cash flow or a larger living space. Great opportunity for investors or owner-occupants looking to build equity and generate rental income in one of Chicago's most promising neighborhoods.
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