812 South Miller Street #3S Chicago, IL 60607

$357,500
3
Beds
2
Baths
1,300
SQFT
275
$/SQFT
$357,500
3
Beds
2
Baths
1,300   sf
$275 / sf
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This is a PRIME INVESTMENT opportunity in University Village/Little Italy, located just a block from the UIC campus. Unit 3S is a spacious 3-bedroom, 2-bath condo with 1,300 square feet of living space. The unit features premium finishes such as granite countertops, a fireplace, a pantry, and a charming Juliet balcony, all within an all-brick, Flexicore building with a newer roof. A parking space is also included. Currently rented to UIC students for $2,550 per month, this property provides reliable cash flow with a lease in place until July 31, 2025. Tenants pay all utilities, ensuring consistent and predictable income with minimal operating expenses. The unit's location near UIC ensures high demand, making it easy to rent year after year, and its proximity to local amenities adds to its appeal for both students and professionals. This is a turnkey investment requiring no immediate work, as the property is already tenant-occupied and income-producing. For investors looking to expand their portfolio, the adjacent Unit 3N, owned by the same seller, is also available for purchase. This presents a unique opportunity to secure two income-generating properties in a sought-after rental market.

This is a PRIME INVESTMENT opportunity in University Village/Little Italy, located just a block from the UIC campus. Unit 3S is a spacious 3-bedroom, 2-bath condo with 1,300 square feet of living space. The unit features premium finishes such as granite countertops, a fireplace, a pantry, and a charming Juliet balcony, all within an all-brick, Flexicore building with a newer roof. A parking space is also included. Currently rented to UIC students for $2,550 per month, this property provides reliable cash flow with a lease in place until July 31, 2025. Tenants pay all utilities, ensuring consistent and predictable income with minimal operating expenses. The unit's location near UIC ensures high demand, making it easy to rent year after year, and its proximity to local amenities adds to its appeal for both students and professionals. This is a turnkey investment requiring no immediate work, as the property is already tenant-occupied and income-producing. For investors looking to expand their portfolio, the adjacent Unit 3N, owned by the same seller, is also available for purchase. This presents a unique opportunity to secure two income-generating properties in a sought-after rental market.

  • Neighborhood
  • Type
  • Total Baths
  • County
    Cook
  • Area
    CHI - Near West Side
  • HOA Dues
    $378/mo
  • Tax Amount
    $6,618
  • Status
    Active
  • Listing #
    12269401
  • Built
    1988
  • Listed on site
    84 days

Listed by:
Baird & Warner

mls source logo © 2020 Midwest Real Estate Data LLC. All rights reserved. Listing courtesy of Baird & Warner.
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Property details

Community Features

  • Has HOA

Exterior features

  • No Pool

Interior Features

  • Central Air Conditioning
  • Fire Place
  • Wood Floors
  • Heat Gas

Style

  • Loft Apartment
  • Mid Rise
  • Studio
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