5524 S Honore St

Chicago, IL 60636
$224,900
7 BEDS ∙ 3 BATHS ∙
Active

Property Description

Investor Special!! Ever thought about owning your own investment property that cash flows over $27,000 a year? Well, look no more, presenting 5524 S. Honore Street Great Potential for an owner/occupant or investor !! Units have been well maintained and floor plans are very spacious. FULL BASEMENT WITH 2 ENTRANCES AND POTENTIAL APARTMENT, 4 INDIVIDUAL ELECTRIC METERS, 3 INDIVIDUAL GAS METERS ARE IN PLACE. READY FOR N-LAW ARRANGEMENT UNIT OR DUPLEX. 2nd-floor unit 4 large bedrooms + 2 bathrooms + formal living room + dining room+ original hardwood floors + restored original vintage woodwork. The 1st-floor apartment has 3 spacious bedrooms + 1 bathroom + walk-in kitchen pantry + living room + formal dining room + original hardwood floors + restored original vintage woodwork. The owner provided stoves + refrigerators + enclosed back porch + all separate gas meters + gas furnaces and hot water heaters. 2 CAR GARAGE IS LESS THAN 10 YEARS OLD + SPACIOUS WELL CARED FOR BACKYARD. This opportunity will be gone quickly, set up your exclusive showing, and good luck! Up to a 37.19% CASH ON CASH DEAL! 9.29% CAP RATE. NO OTHER DEAL LIKE THIS RIGHT NOW! PROPERTY SOLD ” AS-IS”. THE OWNER IS A REAL ESTATE BROKER. TENANTS’ RIGHTS DURING COVID 19 ARE OBSERVED. PRICED TO SELL. MOTIVATED SELLER. MUST HAVE PRE-QUALIFICATION LETTER & PROOF OF FUNDS BEFORE SHOWING. (Note – Buyer Premium of 1%)

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