$399,000

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3748 Honore Street Chicago, IL, United States 60609

Black mold all over the basement level. Investor Opportunity: Broken water pipe on 2nd floor flooded the whole building. Solid Brick 2,800 square foot Multi-Unit on an oversized 4,500 Sq Ft Lot. Excellent value-add opportunity for investors seeking strong rental income potential. This solid brick multi-unit building offers spacious layouts across all levels: First & Second Floors: Each floor features 3 bedrooms, a spacious living room, formal dining room, and a full-sized kitchen. Finished Basement: Includes 2 bedrooms, full bath, a living room, and a kitchenette - ideal for extended family, in-law arrangement, or additional rental income. Mechanical Systems: One boiler and one water heater service the first and second floors. Basement heat is provided by a space heater. Investor Notes: A burst pipe on the second floor during winter caused water damage that has impacted all three levels. The issue remains unresolved, and the water is currently shut off. Property is being sold as-is and is priced accordingly. Owner will be removing some personal belongings; all remaining contents will be conveyed with the sale. This is a prime renovation project for an experienced investor or contractor. With generous unit sizes, a finished basement, and solid bones, the property offers significant cash flow potential post-rehab. Whether you're looking to fix and hold or reposition for resale, the numbers and layout make this an attractive investment. Bring your vision - and unlock the value.

Amenities

  • Bedrooms: 8
  • Full Bathrooms: 3
  • Partial Bathrooms: 0
  • Property Type: Residential Income
  • Year Built: 1918
  • Built in 1918
  • Home size: 0 ft2 / 0 m2
  • MLS: 12476961
  • Status: Pending

Property brokered by

@properties Christie’s International Real Estate

(312) 506-0408

Get more listing details on brokerage site

Presented by Jim Hankes

  • (773) 472-0200 (Office Phone)

Contact Jim Hankes

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