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6640 S Union Avenue Chicago, IL 60621 Multi Unit - Multiple New

New - 27 Hours Ago
  • 6640 S Union Avenue , Chicago, IL 60621 Main Photo

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Description

Welcome to this beautifully renovated GREYSTONE 2-unit property offering incredible income potential and future upside. This oversized building features a massive duplex-down first unit with 5 bedrooms and 2 bathrooms, along with a spacious 4 bedroom, 1 bathroom second-floor unit-ideal for maximizing rental income. The property has been thoughtfully updated with modern finishes throughout, making it truly turnkey for an investor or house hacker looking to generate strong cash flow from day one. What sets this property apart is the significant value-add opportunity: the expansive lower level provides the potential to be converted into an additional unit, allowing a buyer to create a 3-unit building and substantially increase rental income. With the right vision, this property can easily produce $5,000+ per month in rental income. Perfect for: Investors seeking strong returns House hackers looking to cover their mortgage Buyers looking for a property with forced appreciation potential Conveniently located with access to public transportation, major roadways, and neighborhood amenities. Don't miss this rare opportunity to own a high-upside asset with immediate income and future scalability.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Bedrooms: 9
Bathrooms: 3
County: Cook
Listed By:
Blue Door Dave Inc 312-344-1487
MRED MLS
$399,900
Est. $2,566/mo
9beds
3baths
New to the Market New
BEDS9 BATHS3 full MLS#12614323
STATUSNew PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 299

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Ruhl&Ruhl Realtors
563.441.1776

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6640 S Union Avenue , Chicago, IL 60621.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $399,900$399,900$399,900
Down Payment $79,980$13,997$99,975
Monthly Mortgage Amount $1,892$2,354$2,451
Taxes $557$557$557
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$176$0
Monthly Estimated Total $2,566$3,204$3,125

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