1BR Multi-Family for Sale in Chicago, IL

Multiple offers received, seller requests Best & Final. Sight-unseen offers will be considered. Fully Renovated & High-Performing 3-Flat in Prime West Ridge Location. Turnkey investment opportunity in the heart of West Ridge! This fully renovated and high-performing 3-flat features true 3-bedroom layouts in all three units, an upgraded configuration that consistently commands strong tenant demand compared with typical vintage layouts in the area. The property offers a strong and diversified income profile, with current monthly rents of $2,620, $2,530, and $2,475, plus an additional $1,400/month from the garden unit. The 3-car garage provides further income potential at approximately $150 per space. Potential rent, including parking, is approximately $9,475/month or $113,700 annually. Units feature spacious floor plans, updated kitchens, hardwood floors, and functional living spaces designed to appeal to long-term tenants. Recent capital improvements include a new boiler/heating system, kitchen reconfigurations, commercial Speed Queen laundry, garage masonry improvements, pest remediation and sealing, two window replacements, and new stoves in two of the three units. The property has demonstrated leasing performance and benefits from strong tenant demand in a desirable West Ridge location near transportation, schools, shopping, dining, and everyday conveniences. The garden unit is non-conforming and currently provides an additional $1,400/month in rental income. A rare opportunity to acquire a renovated, income-producing multifamily property with strong rental performance, multiple income streams, and significant capital improvements already completed.