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.
Stunning, solid brick, two-flat in the heart of Wicker Park! Great investment opportunity for owner occupied Airbnb on first floor (Unit 1). Unit 1 - 2-bed, 1-bath spacious floor plan was updated in 2018. New plumbing and electrical (piping and conduit); kitchen has new custom cabinetry, stone countertops & appliances; bathroom updates include new tile flooring, vanity, toilet, can lighting with ventilation, and walk-in shower. Unit 2 -
WEST TOWN/UKRANIAN VILLAGE 3-FLAT AVAILABLE - Lovingly maintained by current owners for 40+ yrs. All units have 2 BR/1BA, and are rent or rehab ready. Huge Unfinished basement with old school Chicago, basement bar,(*Cubs Collection is available for sale, just ask). Quiet on the inside. True 3 Flat leaves many rehab options. XL Garage can fit 4 cars (tandem parking) and still offer additional storage. Close to everything: parks, expressway,
Opportunity to build new in hot Ukrainian Village. Attention DEVELOPERS newly re-zoned to RT3.5, eligible for new construction up to 4,300sq ft as a single family home or up to 3 units duplex down, simplex and duplex up to maximize investment. Newly updated first floor apartment, with washer/dryer, new water heater and appliances, exposed duct-work throughout with central air. Second floor in need of some tlc, 2 car garage with party door,
LOCATION LOCATION LOCATION COME AND VIEW THIS AMAZING PROPERTY LOCATED IN ONE OF THE MOST DESIRED AREAS NEAR DOWNTOWN CHICAGO AND ALL THE AMENITIES THAT THE CITY HAS TO OFFER. GREAT LOCATION TO ALL THE PUBLIC TRANSPORTATION.
Charming, Delightful Two Flat in HOT HOT WEST TOWN! Spacious, Light-Filled, Updated and Available Just For You! 1st unit features a roomy living room/dining room combo with plenty of sunlight courtesy of large bay windows, all-stainless kitchen with backsplash, generous laundry room, two bedrooms and a full bath. 2nd floor is appointed with an open family room, two bedrooms and a full bath with washer/dryer. Both levels lead to the amazing
:Location,location location!!!Legal 3 flat ready for total in and out facelift or HANDY live in owner looking to live in excellent location and rental income assist with mortgage payment. New construction surrounds this property. 5mn from Blue Line Damen and Western stop. Cant get any more convenient than this to all the dining and entertainment that Wicker Park and Bucktown has to offer. All offers welcome.....
Beautiful and Spacious 2 unit in the Heart of Wicker Park, Rehabbed in 2010 this property features a Large Duplex up 2 bedroom/ 2 Bath. Open floor plan with Cathedral ceilings, beautiful fireplace, spacious dining area & granite counter tops in the kitchen, huge Jacuzzi bath, and an ample master bedroom, with a huge walkout deck. First floor features 2 bedrooms/1 bath the 2 car garage has a 2nd level with many recent upgrades, it can be
Check out this IMMACULATE 2 flat bordering Ukrainian Village, Humboldt Park, Logan Square and Wicker Park. Walking distance to restaurants/bars, shopping, CTA and Metra transportation. Updated kitchen, bathroom, hardwood floors, carpet. Tenant is a family member, can rent for much higher. This is a must see!
WALK TO IT ALL FROM THIS RECENTLY RENOVATED UKRAINIAN LEGAL 3-FLAT ON OVERSIZED 25X127 LOT STEPS FROM AWARD WINNING RESTAURANTS ON CHICAGO AVENUE AND THE CALIFORNIA CORRIDOR, METRA & SMITH PARK; 3X 2 BED 1 BATH APTS W/ WHITE SHAKER CABINETS, STAINLESS STEEL APPLIANCES & QUARTZ COUNTERTOP KITCHENS; UPDATED BATHROOMS W/ PORCELAIN TILES, TUB/SHOWER COMBO & VANITIES W/ STONE COUNTERTOPS; CENTRAL HEAT IN ALL THREE APTS AND CAN EASILY ADD
Location, Location, location!!! Either investment opportunity or owner occupied. 3 units apartment building in a super hot Wicker Park area. Fully rented and totally remodeled. New roof, plumbing, and tuck pointing. All units have new kitchens with SS appliances, their own washer and dryer, and separate utilities.Hardwood floors throughout. Easy access to Blue Line CTA and expressway. One block away from Division and Damen intersection offering
Perfectly located & Well-maintained wide brick two flat just off Milwaukee! Vintage character & appeal with modern improvements. Units live very well- Main floor 5 Room 2 bedroom 1 bath with eat-in kitchen & sizeable rear deck. 2nd floor 6 Room 2 Bedroom plus Den 1 bath with eat-in kitchen, crown molding, pine floors & excellent natural light. Large rear yard and brick 2 garage. Units offer hardwood throughout, separate living
Store converted into fantastic owner's duplex-up in excellent West Uk Village/West Town location! - Ideal for that client that wants interesting! different! unique! with style! Huge brick building on sunny corner. The store has original metal high ceiling and walls in near perfect condition. Dramatic and full of light and volume. Beautiful woodwork all over the place. There are three bedrooms and a den/office up with hall bath and master bath.
Great investment opportunity for a Classic Chicago brick 3-Flat with oversized lot on perfect tree-lined street in Ukrainian Village. All units are 2 bedroom, 1 bathroom. Situated on well-known Iowa Avenue, a residential street in a Historic District of Ukrainian Village. Great living space w/ original hardwood floors, high ceilings, nice yard space and 2 car garage. Limited showing times and dates. Sold as is and needs to be completely
GREAT OPPORTUNITY FOR RENOVATION OR TEAR DOWN/REBUILD ON BUSY ASHLAND AVENUE! CURRENTLY ZONED B1-2 WITH RETAIL ON LEVEL 1 AND 3 INDIVIDUALLY METERED RESIDENTIAL UNITS ON FLOORS 2 AND 3. THIRD FLOOR IS NOW ONE UNIT BUT METERED AS 3F AND 3R. BUILDING SIZE OF 4,185 SF PER TAX RECORDS. ZONING COULD BE CHANGED TO B1-3 OR B2-3 WHICH CAN ADD OVER 2,400 SF OF BUILDABLE AREA TO THE PROPERTY. 2 CAR GARAGE IN GREAT CONDITION OFF THE ALLEY, UNFINISHED
Turn key investment in booming Wicker Park. Corner property with three leased residential units (two 2/1s & one 3/2) and a 950 sqft retail/office space with new floor to ceiling windows to welcome customers. Condo-quality apartments have all the amenities renters want in a location they love. In-unit laundry, dishwasher, 42 inch cabinets, quartz counter tops, individual central heat/ac, and NO carpet. New roof and new Hardie Board siding.
This 2 flat on a standard 25 x 125 lot features two 3 bed, one bath units with long term tenants on MTM leases. Units need work. RS-3 Zoning, huge yard in back - no parking garage. Great potential to lease and hold or build.
Breathtaking brick three flat in desirable Noble Square. Minutes from 90/94 and the Division Blue Line, the capacious 2BD/2.1BA (duplex down) and two 2BD/2BA units are always in high demand. Each unit boasts brick fireplaces, hardwood floors, central HVAC, in-unit w/d, and substantial sunlight. Current rents total $5800 per month and have room for growth.
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
Excellent opportunity for the savvy investor to score this fixer-upper in booming West Town! Property needs a lot of work and is being sold as-is, but has great bones and plenty of potential. Bring your contractor and creative ideas and transform this 3 flat into a money-maker. Brand new roof. Property can accommodate 3 units each featuring 2 bed 2 baths.
Amazing Brick 2 Flat in great Ukrainian Village location! Close to Division Street in the heart of Wicker Park! Super large units with lovely backyard. Perfect for Investment or families! Unit 1 is a 4 bedroom duplex down with 2 baths and spacious family room/ rec room. Unit 2 is a 3 bedroom / 1 bath. Both units feature great living areas with good sized kitchens, dining room and sunroom. Property has been well kept and shows great. New Roof in
**AMAZING DEVELOPMENT OPPORTUNITY IN AWESOME LOCATION** Nestled among trendy neighborhoods this property is waiting for your redevelopment: gut rehab or tear down. Being sold "as-is". Fenced yard with 2-car garage. Be a part of this dynamic neighborhood with nearby schools, shopping and great restaurants. Within walking distance of public transportation, fast access to 90/94 expressway and minutes from Chicago Downtown. DON'T PASS UP
LARGE BRICK BUILDING!GREAT POTENTIAL TO REHAB,GREAT LOCATION, NEXT TO THE PARK, HOSPITAL AND MINUTES TO THE LOOP. DRIVE BY AND SEE FOR YOURSELF. THE OWNER LIVES ON THE 1ST. FLOOR AND RENTS 2ND. AND 3RD.FLOOR EACH TENANT PAYS THEIR OWN HEAT AND ELECTRIC.FORCE HEAT UNITS IN 93. NEW ROOF IN 98. NEEDS WORK SOLD AS IS.ESAY TO SHOW.REHAB LOAN OR CASH.
DON'T MISS THIS FANTASTIC INCOME-PRODUCING 4-FLAT IN THE HEART OF WEST TOWN. WELL MAINTAINED 3-UNIT BUILDING + COACH HOUSE OFFERS SOLID, LONGER TERM TENANTS, GREAT INCOME AND 6.8% CAP RATE AT CURRENT RENTAL RATES. OPPORTUNITY IS ABOUND FOR ALL INVESTORS...WHETHER LOOKING TO SIT BACK, COLLECT RENT OR ADD VALUE, THIS PROPERTY IS FULL OF OPTIONS! FRONT BUILDING OFFERS 3 UNITS, ALL WITH SAME, GREAT FLOOR PLAN WITH LIVING/DINING OPEN COMBO; BOASTING
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.
Beautiful TOTAL GUT rehab 4 unit property, 3 flat front building with one bedroom coach house and 2 parking spots in the rear. Brand new including: copper plumbing, new sewer, new HVAC, new electrical and new electrical service, tear off roof, new porch. Coach house and front facade of main building were completely rebuilt, brick by brick. Storefront space is leased through 8/2021, the apartments rent quickly to strong tenants - this building is
In the nexus of Chicago's most desired neighborhoods, blocks from Wicker Park, Bucktown, North & Clybourn, Lincoln Yards, and UK Village. In the middle of it all with unique privacy. Quintessential, turn-of-the-century, Chicago brick, cottage-style two unit building. Beautiful exposed brick and natural light impart a loft feel on both units. Main level duplex-up features an oversized two bedroom/two bath, with hardwood throughout and two
**Rehabbers/Investors** Excellent opportunity for your next project. This jumbo true 3 flat is in need of a full renovation. The structure and units are in good condition and the entire building needs a complete update - all mechanicals and cosmetics and exterior. Each unit is currently set up as 3 bed 1 bath units. Super high ceilings and after repaired values would be in the high 700's. Full unfinished basement to duplex as well. DRIVE
This greystone 2-flat in central West Town sits on a 24x100 parcel with vacant lot next door included in price. A new owner could occupy and rent out to cover monthly costs or convert to single family. The property has been renovated over the past five years and includes copper plumbing throughout, newer boiler (services 1st and 2nd floors), replaced electrical service panels with wiring on the second floor and partially re wired 1st floor.
TWO FLAT LOCATED ON THE LAST UNDEVELOPED STRETCH OF UK VILLAGE. ZONED M1-2. PRIME CANDIDATE FOR NEW CONSTRUCTION RETAIL/CONDOS OR JUST CONDOS. BUILDING NEEDS UPDATING. RENTS ARE UNDER MARKET. LEASES ARE MTM. BUNGALOW NEXT DOOR @ 1933 W GRAND MUST BE SOLD TOGETHER. DRIVE BY FIRST.
Great value and potential for this brick 2-Flat in one of Chicago's most desirable neighborhoods: West Town / Ukrainian Village. Units have hardwood floors, updated Kitchens and Baths. Finished basement. Fully rented. Property is located near parks, public transportation, shops, and restaurants.
Calling all SAVVY INVESTORS! This is a great gut rehab or tear down opportunity on a 24x100 lot located in terrific West Town neighborhood with new construction everywhere. 5 minute walk to Chicago blue line, easy access to the expressway, and close to Eckhart Park! Sold as is.
Attention Investors & Developers Great opportunity. Drive By only. Being " Sold as Is" Condition. Two buildings, 3 units on a 25 x 126 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.
Classic all brick 3 unit building in excellent Ukrainian Village location! Turn-key nicely finished 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. Conservative estimated rents: Unit 3: $2000, Unit 2 $1700, Unit 3 $1800.
Amazing opportunity to own a 2 unit in PRIME LOCATION! 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 spaces. Owner unit is duplexed up. Sold as is but well maintained. Priced to sell!!
Two Flat in the Heart of Wicker Park. Within walking distance from restaurants, shops and transportation. Property sits on a lot that is zoned RT-4 so the possibilities are endless in this amazing location. Excellent for owner occupant or investor. Motivated Seller and long time owner!! Sold AS IS. BRING YOUR OFFERS!
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
Fully Rented all brick 3 unit building on quiet street. All units are 2 bed, 1 bath with south facing back decks. Building has laundry and storage in basement, large back yard and detached 2 car garage. All unit have individual furnaces and hot water heaters.
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
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.