1647 W 59TH Street, Chicago, IL 60636

• 4 beds |
• 2 baths |
• 969 sqft

Property Description

Cash-Flow Opportunity! Turnkey Rental Investment with an established tenant already in place. This tenant-occupied investment property is leased on a month-to-month basis, with the buyer to assume the tenancy and honor all tenant rights. Current rent is $1,480 per month, providing immediate rental income from day one. This split-level home features 4 bedrooms and 1.5 baths, including 3 bedrooms and a full bath on the upper level, a spacious living room, dining area, and kitchen on the main level, and a lower level with a 4th bedroom, half bath, family/bonus room, and utility room combined with a laundry area and shower stall. Hardwood flooring extends throughout the main and upper levels, while the lower level features ceramic tile flooring. Additional improvements include an updated full bath (2025), stove (2025), refrigerator (2023), gas forced-air furnace (2023), steel security door (2024), replacement of the west and south side siding (2019), and several newer windows, including two on the west side and the large north-facing picture window. The property also offers double-pane windows, a fenced yard with a combination of chain-link and wood fencing, and exterior parking spaces accessible from the alley. Conveniently located near public transportation with easy access to I-90/I-94 and downtown Chicago. Tenant pays Peoples Gas and ComEd; landlord pays water, sewer, garbage, and lawn care. Property is being sold strictly AS-IS. Portfolio Opportunity! Three tenant-occupied properties are available for purchase individually or as a package. All tenants are currently on month-to-month leases. Properties include: 1233 W. 73rd Place, Chicago, IL 60636-4137; 1647 W. 59th Street, Chicago, IL 60636-1754; and 6037 & 6039 S. Wood Street, Chicago, IL 60636-2201.

Listing Status:

Active

Data Last Updated:

July 25, 2026 at 8:21PM

Listing Office:

Keller Williams ONEChicago : 773-320-0020

Listing Agent:

Mark Minorczyk : 773-320-0020

MLS ID:

12670558

Interior

• General: Replacement Windows
• Rooms: No additional rooms
• Appliances: RangeRefrigerator
• Dining: Combined w/ LivRm
• Laundry: Gas Dryer HookupIn Unit
• Basement: FinishedPartial
• Flooring: Wood
• A/C: None
• Heating: Natural GasForced Air
• Fireplace: Fireplaces: 0
• Disability Feature: None

Exterior

• Style: Bi-Level
• Other Structures: None
• Parking: AsphaltOff AlleyAlley AccessYesOwnedParking spaces: 2

Construction

• Roofing: Asphalt
• Windows: ScreensDouble Pane Windows
• General: Split LevelConcrete Perimeter

Location

• HOA Amenities: ParkCurbsGatedSidewalksStreet LightsStreet Paved0.0Not Applicable
• Originating MLS: mred
• School District: 299
• County: Cook

Lot

• Zoning: 20184060050000
• Fencing: FencedChain Link

Utilities

• Utilities: Circuit Breakers
• Water: Public
• Sewer: Public Sewer

Financial

• Source: mred
• Ownership: Fee Simple