👉🏼 8000 S Morgan St, Chicago, IL 60620
📍 Prime corner brick 6-unit building — solid structure with major upside potential.
🏚️ Currently vacant and ready for a full cosmetic overhaul. All mechanicals need to be replaced, the garage requires repairs, and one unit has minor kitchen fire damage.
💪 The back deck is solid, and the basement is massive — ideal for storage and future garden unit additions.
🏢 6-unit property: 1 three-bedroom + 5 two-bedroom units.
📈 Strong monthly income potential after rehab.
🚆 Prime location: near 79th & Halsted, walk to train or bus, just 15 minutes to Downtown Chicago.
🚘 Includes a large 4-car garage, offering additional value once rehabbed.
🔥 Perfect for investors looking to add value and build serious cash flow in one of Chicago’s most promising neighborhoods.
💰💰💰EARN $8,900/mo!!!💰💰💰
📈 Investment Breakdown:
- 🔑 Sale Price: $349,000
- 🛠️ Estimated Rehab Costs: $190k
- 💎 After Repair Value (ARV): $825,000
- 🏠 Taxes:$6,429
- 💰 Rents: $1,150/1bd | $1,350/2bd | $1,650/3bd | $125/garage
🏠 Comparable Sales (Comps):
- 💰 $950,000 (Active Listing) – 7757 S Paulina St, Chicago, IL 60620
- 💰 $620,000 – 7922 S Marshfield Ave, Chicago, IL 60620
This property is perfect for your next rental or flip. Don’t let this deal pass you by!