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photo of Nikki Mayer
Nikki Mayer
Hometown Real Estate
7700 W. Belmont Ave
Chicago , IL 60634
Phone:
888 317 9983
Fax:
773 664 0013
Mobile:
708 268 2313
infohometown@gmail.com

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Status: Active (For Sale)
Type: Commercial
Year Built: 1902
MLS ID: 12409483


Overview
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Amazing Cash Flow Opportunity in the Hot West Pullman Area! A rare investment opportunity. The parcel includes two buildings for the price of one, making it an ideal/cant miss opportunity for savvy investors or rehabbers. With owner financing available, this is a fantastic chance to secure a property with great potential. The front building has suffered fire damage and requires significant work, including a gut rehab of two of its four units and a new roof. Once completed, the property can generate up to $5300-$5800 in monthly rental income (Per seller, the property rent roll before the fire was $4300 with minimal rehab completed.) The second building on the property is in rentable condition with two units already available. The 2 units would ensure immediate cash flow while you work on completing the rehab of the front building. The owner is willing to consider a DP of $20,000 and will extend the loan balance for up to 12 months to allow the buyer ample time to finish the necessary work on the front building. The best estimates suggest that approximately $60,000 will be needed to complete the renovations, including the new roof and updating the units to a marketable standard. The owner is confident that once the renovations are completed and the apartments are rented, this property could easily sell for more than $300,000. This is a prime opportunity to invest in a property with enormous potential for appreciation. Whether you are looking for a long-term investment or a project to rehab and flip, this property offers great value. Great opportunity!

Courtesy Of: Realty Advisors Elite LLC


Feature Highlights


  • Built Before 1978

General Features


List Date:
07/15/2025

Exterior Features and Amenities


Lot Size Dimensions:
25X178

Financial


Days On Market:
179
Tax Annual Amount:
$2,832.20
Tax Year:
2022


Directions


115th To FrontAve. SouthTo116th St. North To Property

Availability Calendar


- Available - Unavailable

Rental Rates


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The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of MRED LLC. Real Estate listings held by brokerage firms other than Hometown Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data last updated: 2026-01-13
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