Did you know that you can actually live in your real estate investment property?
Owning a rental property and living in it can be an excellent way to reduce your monthly mortgage payment outlay, while building home equity for your future. And, you can even do it as a first-time home buyer, if you plan ahead. The key is to purchase a home with 2-units, 3-units, or 4-units -- none more, and none less.
Homes with 2-4 units can be financed as residential mortgages, which means you get access to "regular" mortgage rates; and properties can be purchased no matter if you're currently renting a home or owning one.
You'll also get access to larger loan sizes because loan limits for multi-unit homes are higher than for 1-unit properties.
Take a look at some of the 2 - 4 flats listed in West Town Community of Chicago. Contact our local neighborhood experts with any questions.
Refine your search to less than 500 properties to save.
Amazing opportunity to own a 2 unit in PRIME LOCATION! Conveniently walking distance to THE 606 TRAIL, Erie Elementary Charter school, and many trendy shops. Great for Owner occupant/Investment/or Conversion to Single Family.Newer floors, Laundry room in common area, Gated back yard with 3 parking space. Owner unit is currently duplexed up. Additional pictures coming soon. Sold as is but well maintained. Priced to sell!!
Well maintained brick legal 4 unit building with 2.5 car garage in heart of Bucktown. Newer tuck-pointing, hot water tanks, updated appliances with new common laundry. Building is 4 doors down from 606 Jogging trail and 4 blocks to CTA Blue line, shopping, and restaurants but on a quite tree lined block. Building is a prime candidate for conversion to large single family or condo conversion. Can be combined with the building next door for a
Stunning 1895 brick building with first and second floors rented, third floor duplex is vacant and ready for a new owner! Hardwood floors, large porches, big back yard, parking pad for 3 cars. Each unit pays their own utilities, has central air, and in unit washers/dryers. Just minuets to the blue line, expressway and everything this vibrant neighborhood has to offer!
Fully occupied classic all brick 3 unit building in excellent Ukrainian Village location! Turn-key nicely finished cash-flowing investment property - could be kept for cash flow or use a unit as owner's unit. Building fully updated over past 10 years: roof, tuck pointing, windows, doors, HVAC, water heaters, kitchens, bathrooms! Tenants pay gas and electricity. 3 storage units in basement. Strong cash flow but rents could easily be increased
Welcome to the neighborhood with this 3 Unit property just a block from both Humboldt Park and the 606! Three 2 bedroom/1 bathroom turn key units. 1st floor offers an additional flex room and laundry hook up. 2nd floor with balcony. Top floor has a great covered deck with neighborhood views and is the perfect place to container garden, grill, or relax with a cool drink! The basement offers shared laundry and additional storage! You'll
2 flat in a terrific location on a quiet residential block in prime Bucktown. Property is a TEAR DOWN or TOTAL gut rehab on a 24x118 lot (big for Bucktown), zoned RT-4. Currently, there is a brick building on the lot with a cute facade, full basement (would need to be dug out to duplex down) and attic. NOTHING inside is salvageable. This is drive by only. It is being sold AS-IS.. Cash or rehab loans only. Great location near the intersection
AMAZING 6.5% CAP RATE OPPORTUNITY TO OWN A PART OF BOOMING WEST TOWN Large brick 3 unit building in nice condition, BRAND NEW ROOF & 2 NEW ELECTRICAL PANELS! Amazing location with easy access to the blue line, expressway, & 606 Trail. Fabulous property includes 2 units in the main building plus separate coach house. 2nd unit is duplexed up w/ 2 bedrooms, 2 baths, dramatic. Duplex unit features a hip open airy loft style with a NEW
Great property for Investors, rehabbers and builders!!!! Two unit with an additional in-law garden unit. The property is oversized so the potential is huge! It is also a corner building on a great block with lots of new development going on all around! The property is 30x123 and is currently zoned RS-3. The property is outdated so it would be a great project for someone. The property is being sold as-is. Motivated seller, bring all offers!!!
Rare Ukrainian Village 2-flat on great block with excellent curb appeal. All brick building with fully landscaped backyard and 2 car garage sits on an oversized 33 wide lot. First floor kitchen and bath tastefully redone in 09' to match vintage details throughout. First floor interior staircase leads to an unfinished basement with over 7 foot ceilings. Great candidate for SFH conversion. 2nd floor all original finishes with long term tenant.
West Town / East Village Opportunity! Investors and/or owners occupants!. Apartments with 2 full bathrooms with renovated kitchens, granite countertops. Separate living rooms and dinning room. Floors are: hardwood, laminated, ceramic. Central A/C. All utilities separated. Walking distance to Division St. & Chicago Ave. shops and restaurants. Fast access to 90/94 expressway and Chicago downtown. RT-4 Zoning.
Brick 3 Flat in Noble Square Neighborhood. Unit 1 is a Duplex Down with 3 beds/2 1/2 baths. Units 2 & 3 have 2 beds/2 baths. In-Unit Laundry. There is room to build a garage behind the building! Easy access to I-90/94!
Legal/Conforming gorgeous brick A-frame 3-unit in prime west Ukrainian Village / California-Augusta corridor location. Steps to Sodikoff's CC Ferns coffee shop & live music lounge - the California Clipper plus other shops & restaurants like famous soda shop, Spinning J, all near Augusta/California. Lots of updates including: Roof from 2005, updated plumbing, New Front and back landscaping, fencing, and new concrete parking pad with
Gorgeous legal 4 unit building on extra long lot (24x172) on a Boulevard in Humboldt Park. Building has 3 large and extra wide light-filled 2 bedroom/1 bath units and a 1 bedroom/1 bath built out in 2009 for owner with upgrades such as radiant in floor heat, custom re-claimed wood cabinetry, upgraded fixtures and appliances, and unique floor plan. Pride of ownership, this well maintained building was gut renovated in 2005 and has had many
Attention investors: East Humboldt Park 4-unit in excellent location! Fully-occupied all-brick 4-unit building in solid condition. Units 1 through 3 feature 1,250 sq ft of living space; 2 beds/1 bath, separate living & dining areas, spacious eat-in kitchen, beautiful sun rooms, & lots of storage. Hardwood floors throughout. Vintage character includes built-in shelving around fireplaces in living room. Garden unit features 1 bed/1 bath.
Beautiful Wicker Park 2 Flat on quite 1 way street!! UNDER MARKET RENTS but great tenants in place. 1st floor: 2 Beds 1 Bath with Eat in Kitchen Pantry Closet, Huge Dining Room and Living Room with Fireplace. 2nd Floor: 3 beds 1 Bath Kitchen with Bar, Huge Dining Room and Living Room with Fireplace. Both Floors are Sunny and have High Ceilings! Full Basement with Washer & Dryer. Gorgeous Brick Paver Yard with New Fence and 2 Car Garage. An
Charming home in East Village! This gorgeous 2-unit is ideally situated on a quite, tree-lined street in the heart of West Town.3 bed 2 bath top-floor owner's unit is recently renovated duplex-up, featuring a brand new master bath with free standing tub, a spacious private outdoor deck, skylights, beautiful Brazilian cherry hardwood floors, exposed brick. Living room area with fireplace, large chef's kitchen and newly installed bar adjacent to
ATTENTION! LOGAN SQUARE- Hot, turn-key, multi-unit building move-in-ready to live/rent! Lincoln Yards Development approved, will be extending the 606 Trail! Lot's of recent updates and work done (fresh paint, new kitchen floor, stained deck, laundry room, new fixtures, etc.) The 2.5 garage is grandfathered in with it's unique double overhead doors and concrete patio slab. Large, fenced in back yard (WOOF!). Rent immediately! Only vacant for
Fantastic Wicker Park Location. All Brick 3 Unit, Well Maintained, Turn of Century Building in Great Condition w Pride Of Ownership. Units Feature Bright Natural Light, New Windows, Kitchens and Baths. 2nd Floor Owners Unit is a Spacious 2 Bed/Den/ 1 Bath w Cherry Wood Cabinets, Granite Counters, SS Appliances, and Cupola Style Skylight. 1st Floor Unit is a Recently Renovated 2 Bed/ 1 Bath and a Perfect Rental Income Generator. Additional 1
Attention Investors & Developers Great opportunity. Drive By only. Being " Sold as Is" Condition. Two buildings, 3 units on a 25 x 125 lot HOT EAST VILLAGE - WICKER PARK AREA. High-end new condos all around, Steps to Grand & Chicago Avenues fine dining restaurants, shopping and nightlife. Easy access to expressways pink and blue line. VERY MOTIVATED SELLER.
Bring your contractor to this Jumbo brick 3-flat (~1700sqft/level) and oversized brick 3-car garage. 12ft ceilings, metal balconies, unfinished basement. Ready for remodel. Plans and permits available. Building is currently gutted. Awesome exposed brick make this potential for loft style project as well. So much potential! Apartments, condos, luxury single family home. You decide! Short walk to Humboldt Park, Division Street and buses.
Investors Only! Gorgeous, all brick multi unit in the heart of one of Chicago's fastest growing neighborhoods! First floor unit is a complete rehab! 2 car garage, exterior looks great- what's not to love? Out the door to a plethora of dining, entertainment, and public transportation options. First floor currently rented for $1400 through 6/19. Second floor currently rented for $1550 (includes both garage spaces) through 5/19.
WOW!! Amazing Brick 2 Flat on an extra wide lot!! Great Chicago location! Historical Ukrainian Village! close to Division Street in the heart of Wicker Park! Come and Cash flow right away!! Super large units apx 1300sq! Perfect for Investment or families! Huge Units, Features 3bedrooms and 1 baths, great living area, large kitchen, beautiful living & dining room.full basement.All tenants pays their own gas and electric! Home has been well
Fantastic opportunity to own in the Historic District of Ukrainian Village. Well maintained Vintage 2 flat with Garden unit. Owner occupied dream home has duplex down opportunity plus rental income. Plug and play investment in an established area. Great add into any portfolio. Original woodwork and historic detail throughout. New roof. Schedule your visit today!
Prime Logan Square 2 Flat Walking Distance From Blue Line, 606, And Armitage Restaurant Corridor, Middle Brow Brewery, Dos, Parsons, Lonesome Rose, Bang Bang Pie And More ***.First floor unit features: 3 bed /1 bath with stainless steel appliances, sliding doors lead to beautiful deck.***Second floor unit features: - 2bed /1bath, beautiful woodwork through out and beautiful deck. Excellent turnkey investment opportunity for an owner occupant or
Super Hot Ukrainian Village and California Corridor! Turnkey 3 unit building. Freshly Rehabbed in 2014. Espresso shaker cabinets, granite counters, stainless appliances, dishwasher, garbage disposal, in unit laundry. Large bathrooms with porcelain tiles. Tear off roof 2014. New high efficiency furnaces and A/C. Very high ceilings on garden apartment. Large back decks built completely new in 2014! Huge parking pad has enough room for 6 cars(3
East Village 2-flat investment opportunity for an owner occupant on a prime tree lined street ripe with single family homes. All brick building gut renovated in 2005 with condo quality finishes, deep two car garage, landscaped backyard, insulated back porches, and large back decks. Turn key duplex down features a first floor with lofty ceilings, open concept kitchen and dining area, half bath, office, and desirable insulated back porch for
Beautiful Two-unit apartment building for sale in Wicker Park! Duplex up 3 bed 2 bath and 1 bed 1 bath lower unit. 2008 gut-rehab - all components, and 2018 update renovation! Walk to the hottest restaurants and shops in wicker park! Building has 3 parking spaces in rear. Excellent owner-occupier opportunity. Immediate access to CTA train/bus, Metra (Clybourn), and 90/94. Available furnished for an additional cost.
Spectacular 2 unit property in booming Humboldt Park. This property was completely renovated in 2012 and produces $4,600 in gross income monthly. Each unit is a 3 bedroom 2 bath space with hardwood floors throughout. Tasteful finishes in both kitchen and bathrooms - stone counters and stainless appliances, in unit washer and dryer. This is a quality renovation! Common roof deck with interior stairs. brick paver yard - 2 car Garage parking.
Brick 3 flat in hot Ukrainian Village! Spacious 3 Bedroom apartments with high ceilings, Beautiful original wood work, Hardwood Floors, Separate utilities, Full open basement with exterior access and high ceiling. The building has solid bones. Great location- steps to Chicago Ave. Restaurants, Shopping & Nightlife. Close to CTA and Metra.
Super Clean Large Legal 3-flat ,1 block from the 606 in the amazing up and coming Logan Sq area! Extra Large yard, 3 Parking Spaces including a 2 car garage. Building improvements include: new porches front/rear, new exterior siding and all 3 apartments completely renovated /kitchens/baths done in 2016. New hardwood flooring in all 3 units. New laundry room bsmt . All separate utilities , individually controlled HVAC heat and Central A/C.
FANTASTIC Ukrainian Village location! This Multiunit has it all with two upgraded units and a bright garden unit. Perfect for a live-in investor, Air BNB or Rentals! NEW two car garage built in 2018. Building features SS appliances, granite, white cabinetry, classic and timeless finishes. Managed business with live in property manager in garden unit. Top unit owner occupied, second unit rented. When fully rented potential for 8% cap rate!!
INCOME PROPERTY IN WEST TOWN, 2 UNIT BUILDING & 2 CAR GARAGE. UNIT #1 HAS 2 BEDROOMS, 1 BATH, MUDROOM & LAUNDRY ROOM WITH VINTAGE DETAILS THROUGHOUT & ORIGINAL HARDWOOD FLOORS. UNIT #2 HAS 2 BEDROOMS, 2 BATHS, MASTER BEDROOM IS ENSUITE [2ND BATH IN MASTER BEDROOM IS IN REMODEL MODE], LAUNDRY ROOM & BREAKFAST NOOK AREA WITH CUSTOM DINING BANQUETTE. KITCHENS UPDATED 2001, 2nd FLR LIVING ROOM HAS NEW SKYLIGHT DONE IN 2018 &
GREAT 4-UNIT BUILDING + ADJACENT SIDE LOT IN BOOMING AREA. ALL SEPARATE HVAC/CA+UTILITIES. WINDOWS, ELECTRIC, PLUMBING, (COPPER), ALL RE-DONE IN 2008. DECK AND TWO CAR GARAGE PLUS 2 ADDITIONAL SPACES. SMITH PARK TO THE SOUTH, HUMBOLDT PARK TO THE NORTH. ROOTSTOCK WINE BAR, CALIFORNIA CLIPPER, AND CC FERNS A BLOCK AWAY. WESTERN METRA STOP 7 BLOCKS WALKING SERVING MD-N, MD-W, AND NCS TO DOWNTOWN AND FOX LAKE AND ELGIN.
Great investment property in Ukrainian Village. Nicely renovated units and fully rented. Third floor has vaulted ceiling in living/dining room, deck off of master bdrm, hardwood floors, and abundant light from multiple skylights. Second floor has tall ceilings, large master with walk-in closet, nice size kitchen with separate eating area, hardwood floors. First floor is a large one bedroom with large living room, eat-in kitchen, walk-in closet.
Frame 2 flat in thriving Humboldt Park location with strong rental market. Perfect location walking distance to 606, transportation, restaurants and shops. Long time owner, Property needs updates and work but livable. Front porch was done in 2017, roof is 12 years old, furnance on 2nd floor 8 years old. . Units feature high 10 foot ceilings. Great investment.Being sold as-is where is.
INCREDIBLE INVESTMENT OPPORTUNITY IN THE HEART OF WEST TOWN! Brick building on tree lined street surrounded by million dollar homes. Beautiful gut rehab in 2015 with modern finishes which makes these units so desirable to renters. Some amazing features include high ceilings, hardwood floors, tons of light and W/D in each unit. All kitchens have stainless steel appliances and granite counters. Main house features 3 gorgeous units. Spacious
Hot West Ukrainian Village/Smith Park Classic Brick 3 Flat on extra-wide 27 x 124 lot! Perfect for value-add, armchair investor or owner-occupant. C1-2 zoning with grandfathered first floor residential for potential to expand or ground-up development down the road. Currently functioning well as a turnkey property with all month-to-month tenants, there is additional value with a full, un-finished basement for a potential duplex down, current low
What a gem! Check out this charming, solid, brick 2 unit beauty with a full walk out basement! Located on a quiet tree lined street in booming Ukranian Village! You'll get no lack of character here with full wall exposed brick, decorative fireplaces, hardwood floors & high ceilings! Conveniently located 2 blocks from the CTA & just a few minutes to downtown Chicago. A short walking distance to Smith Park & your choice of