For Sale Multi-Family MLS# 12784147

1812 W Erie Street

Chicago, IL 60622

$1,194,999

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About 1812 W Erie Street

FULLY rehabbed approximately two years ago and FULLY occupied, this turn-key 3-unit building sits on one of West Town's BEST blocks, surrounded by new construction and continued development. Each unit was thoughtfully updated with new flooring, appliances, cabinetry, countertops, HVAC systems (3), AC units (3), in-unit washers and dryers (3), dishwashers (2), windows, siding, closet organizers, and high-speed internet wiring, offering a modern, low-maintenance investment opportunity. Unit 1 is a spacious 3 bed + office, 1 bath leased for $3,040/month; Unit 2 is a large 3 bed, 1 bath leased for $2,800/month; and Unit 3 is a bright 2 bed, 1 bath leased for $2,750/month. Each tenant pays their own utilities and internet, helping keep ownership expenses streamlined. Each unit also enjoys HUGE private rear outdoor balcony. The backyard was recently redone and now features a new concrete parking pad along with a grassy yard, creating a clean, functional outdoor space for both residents and future owners. A prime investment opportunity in a rapidly growing area! Add this high-income, low-maintenance property to your portfolio! Also offers excellent future short-term rental potential once tenants vacate, subject to applicable regulations. Incredible location- close to shops, grocery, and restaurants all along chicago and Grand Av! Please provide at least a 48-hour notice required for showings.

Property details

Property

Type
multi

Schools

District
Chicago Public School District 299

Location

Subdivision
West Town
Neighborhood
West Town

Location

Neighborhood
West Town
School district
Chicago Public School District 299

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Listed by Melanie Giglio, Compass

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.