4311 S Wood Street, Chicago, IL 60609

• 8 beds |
• 3 baths

Property Description

****** HIGHEST & BEST DUE BY 5:00PM, WEDNESDAY, 12/17/25 ****** BEST DEAL IN THE NEIGHBORHOOD - LEGAL 3 UNIT BUILDING IN THE MIDDLE OF EVERYTHING W/STABLE MONTH-TO-MONTH TENANTS IN UNIT #1 & UNIT #2. AMAZING OPPORTUNITY FOR AN OWNER OCCUPANT TO MOVE INTO THE VACANT JUST REMODELED TOP FLOOR UNIT #3 W/NEW PAINT, KITCHEN & BATH + BONUS FINISHED ATTIC ROOM (EXTRA BEDROOM or HOME OFFICE) & ATTIC STORAGE. *** PRO FORMA SHOWS OWNER OCCUPANT MAY BE ABLE TO PAY LESS THAN $750 A MONTH ON A 5% DOWN MORTGAGE AT PREVAILING RATES TO OWN THIS WHOLE BUILDING & LIVE IN THEIR OWN 3 BEDROOM UNIT. THIS IS A DON'T WALK ... RUN OPPORTUNITY NOT TO BE MISSED. *** INVESTOR STATS: 2 UNITS RENTED TO LONG TERM TENANTS ON MONTH TO MONTH LEASES. $700 FOR UNIT #1 & $1,450 FOR UNIT #2. VACANT UNIT #3 IS READY FOR IMMEDIATE MOVE-IN & SIMILAR FINISHED UNITS COMMAND ~$1,200. GROSS RENTS= $40,200 / EXPENSES=$16,496 / NET REVENUE=$23,704 / CAP RATE=10.09 / GRM=5.84 *** UNIT #2 REMODELED W/NEW KITCHEN, NEW WINDOWS, NEW FLOORING, NEW FURNACE & NEW HOT WATER HEATER IN 2016. BUILDING FEATURES NEWER ELECTRICAL SERVICE & BREAKER BOXES. SIDING, CONCRETE PAD IN PARKING AREA & SEWER LINE OUT TO STREET = 9 YEARS NEW. ROOF = 15 YEARS NEW. *** LIVE/INVEST IN THE HEART OF CHICAGO'S NEW CITY / BACK OF THE YARDS AREA W/EVERYTHING YOU NEED JUST MINUTES AWAY. *** DAVIS SQUARE PARK JUST A FEW BLOCKS AWAY W/SPORTS FIELDS, WALKING PATHS & GREEN SPACE & SHERMAN PARK ABOUT 5 MINUTES AWAY W/A BEAUTIFUL LAGOON, RECREATION CENTER & LANDSCAPED GROUNDS. *** SHOP AT NEARBY PETE'S FRESH MARKET ON 47TH, CERMAK FRESH MARKET ON PULASKI & LA HACIENDA PRODUCE FOR LOCAL SPECIALTIES. *** ENJOY POPULAR RESTAURANTS & CAFES SUCH AS BACK OF THE YARDS COFFEEHOUSE, NANDO'S TAQUERIA, LA CECINA, EL FAROL MEXICAN RESTAURANT, THE FAMOUS LOS COMALES & SO MUCH MORE. *** GET EVERYWHERE FAST: ~7 MINUTES TO I 90/94 DAN RYAN & ~10 MINUTES TO I 55. NEARBY TO CTA BUS ROUTES & THE 47TH STREET GREEN LINE STATION. ~15 TO 20 MINUTES TO DOWNTOWN & ~12 MINS TO MIDWAY AIRPORT. *** INCREDIBLE VALUE, CONVENIENCE & ACCESS FOR OWNER OCCUPANT LOOKING FOR AN AFFORDABLE UPDATED HOME & INCOME OR AN INVESTOR SEEKING STRONG RENTS & UPSIDE. *** PRO FORMA AVAILABLE UPON REQUEST - EASY TO SEE - SCHEDULE TO SEE TODAY - WON'T LAST LONG!

Listing Status:

Active

Listing Office:

United Real Estate-Chicago : 312-566-7653

Listing Agent:

Christopher Waldbuesser : 312-566-7653

MLS ID:

12530647

Interior

• Rooms: Enclosed Porch
• Basement: Crawl Space
• Heating: Natural GasForced Air

Exterior

• General: Lighting
• Other Structures: None
• Parking: Off AlleyOff StreetAlley AccessYesOwnedParking spaces: 2

Construction

• Roofing: Asphalt
• Windows: Screens
• General: Concrete Perimeter

Location

• HOA Amenities: ClubhouseParkPoolSidewalksStreet LightsStreet Paved
• Originating MLS: mred
• School District: 299
• County: Cook

Lot

• Zoning: MULTI20064030050000
• Fencing: Wood

Utilities

• Water: Lake Michigan
• Sewer: Public Sewer

Financial

• Source: mred
• Ownership: Fee Simple

This listing courtesy of Christopher Waldbuesser, United Real Estate-Chicago