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7735 S May Street Chicago, IL 60620 Multi Unit - Multiple Active

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Description

Owned by the same family for over 30 years, this solid brick 2-flat in Auburn Gresham offers two spacious units plus a finished basement with additional living space. The first-floor unit is occupied by a family member, while the second-floor unit and basement are vacant. Each unit features two generously sized bedrooms plus a third tandem bedroom at the rear, a spacious living room with adjacent dining room, and kitchen with exterior door access. The finished basement includes one bedroom, living room, kitchen, utility room, and a full bathroom providing flexible space for related living or an in-law arrangement. Units can be rent ready with some TLC offering excellent value-add potential. Whether you're an investor looking to increase rental income or an owner-occupant seeking to live in one unit while renting the other, this property presents a great opportunity. The property is part of an estate and is being sold as-is. 24 hour notice for Showings Requests.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Bedrooms: 7
Bathrooms: 3
County: Cook
Listed By:
Remax Future 773-328-8055
MRED MLS
$240,000
Est. $1,632/mo
7beds
3baths
New to the Market Active
BEDS7 BATHS3 full MLS#12706492
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 299

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Ruhl&Ruhl Realtors
563.441.1776

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7735 S May Street, Chicago, IL 60620.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $240,000$240,000$240,000
Down Payment $48,000$8,400$60,000
Monthly Mortgage Amount $1,198$1,451$1,495
Taxes $334$334$334
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$106$0
Monthly Estimated Total $1,632$1,991$1,929

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