3553 South Hamilton, Chicago IL 60609
$575,000

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Property Description

Welcome to McKinley Park, where a golden opportunity awaits! This double lot in the sought-after McKinley Park area is an absolute dream for investors seeking a lucrative venture. Currently, on a double lot with an RT-4 zoning, this 4-unit property generates a monthly rental income of 3,200 dollars. This is a low-risk opportunity for investors with the potential to increase rents with minor updates to the property. Positioned within the esteemed McKinley Park area, this property and land hold tremendous potential.

Features & Information

Key Details

  • List Price $575,000
  • Property Taxes $6,514.50
  • Price/ Sq. Ft. Unavailable
  • Year Built 1890
  • Parking Type Garage
  • Status Contingent

Rooms

  • Total Rooms 20
  • Basement F

Exterior Features

  • Parking

  • Parking Details Garage
  • # of Cars:  2

Building Information

  • Number of Units 4
  • Age of Building 100+ Years
  • Exterior Construction Brick
  • Heating & Cooling Gas
  • Units

  • Unit 1 Stove, Refrigerator
  • Unit 2 Stove, Refrigerator
  • Unit 3 Stove, Refrigerator
  • Unit 4 Stove, Refrigerator

Location

  • County Cook
  • Township South Chicago
  • Corporate Limits Chicago
  • Directions to Property Archer Ave To Hamilton Ave, South To Property
  • Schools

  • Elementary School District 299
  • Junior High District 299
  • High School District: 299
  • Property Taxes

  • Tax 6514.5
  • Tax Year 2023
  • Tax Exemptions None
  • Parcel Identification Number 17313050200000

Utilities

  • Sewer Sewer-Publ

Listed by Joe Castillo for RE/MAX MI CASA | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 11/22/2024 9:32 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Explore McKinley Park

Located just southwest of the Loop, McKinley Park is a unique Chicago neighborhood boasting a historic past. Named for the 25th President of the United States, William McKinley, the area’s namesake 69-acre park is the cornerstone of the neighborhood. Nestled in the geographic center of Chicago, McKinley Park was originally settled in 1836, quickly becoming a booming industrial hub. Today, the neighborhood is a vibrant area with a variety of housing options ranging from beautifully converted lofts to classic Chicago bungalows. Recognized in 2019 as one of the country’s trendiest neighborhoods, McKinley Park’s proximity to some of the city’s hottest locales, easy transportation options, and diverse housing options lend to the area’s popularity among Chicago residents.

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