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.
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.
Prime Logan Square Sunny And Improved 2 Flat Walking Distance From Blue Line, 606, And Armitage Restaurant Corridor. Both Units Feature Open Living And Dining Rooms, New Walnut Stained Hardwood Floors Throughout, New Can Lighting And Ceiling Fans, New Baseboard And Window Trim, New Stainless Appliances , Organized Closets And Various Upgrades To Kitchens And Baths Including Brand New Bath on First Floor & Quartz Counters on 2nd Floor. Super
HUGE 3 flat with unfinished basement and GUT RENOVATED legal coach house with gorgeous finishes. Low rents on the front and unfinished basement allow for significant value add potential, while maintaining solid cash flow from coach house.
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
Amazing 1905 Joseph Medill Bathhouse! One of 4 bathhouse buildings remaining in Chicago, great opportunity to own part of Chicago history. This is a 2 story multi family residence in the Classical Revival style. Set on a double lot, this beautiful graystone has a huge loft like 1 bed, 1 bath unit on the 1st floor with office, sauna, and original bathhouse tiles. 2nd floor has 2 bedrooms, 1 bath, and a rooftop deck. Parking for 6 cars
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
AMAZING INVESTMENT PROPERTY IN WEST TOWN! This three-unit flat is the perfect real estate opportunity, just sit back and let the rent roll in! Back decks replaced recently, each unit has storage space in basement, Unit 2 new water heater 2019, new tile in Unit 3 2019. Centrally located in the booming West Town area, right in between Chicago Ave and Grand Ave, with restaurants, shopping, and more popping up every day! Close to Blue Line and the
Awesome investment opportunity! Fully occupied 2 unit, rehabbed building with solid income! First unit is a duplex-down 4 bed, 2 bath, with a second kitchen in the lower level! Unit two is a 3 bedroom, 1.5 bath. Updated kitchens with all stainless steel appliances, new bathrooms and new flooring. Back yard features brick paver patio, attached exterior staircase for each unit and detached 2 car garage parking. All brick bungalow in a booming West
Beautiful 2 Flat in the heart of Humboldt Park, steps from the 606 Trail, walkable to the park, and close to public transportation. 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 rental investor. Great potential to duplex up
INCOME PROPERTY IN WEST TOWN, 2 UNIT BUILDING AND 2 CAR GARAGE. UNIT #1 HAS 2 BEDROOMS, 1 BATH, MUDROOM AND LAUNDRY ROOM. VINTAGE DETAILS THROUGHOUT, ORIGINAL HARDWOOD FLOORS. UNIT #2 HAS 2 BEDROOMS [1 IS ENSUITE], 2 BATHS [2ND BATH IN MASTER BEDROOM AND IS IN REMODEL MODE], LAUNDRY ROOM AND BREAKFAST NOOK AREA WITH BANQUETTE. KITCHEN HAS BEEN UPDATED, LIVING ROOM HAS SKYLIGHT, CORK FLOORING THROUGHOUT AND BOTH UNITS ARE SUNNY. PATIO, BACK YARD
Welcome home! Beautiful brick 2 flat on charming tree-lined street in Wicker Park. Sunny 3 bedroom/2 bath Owners duplex up has a perfect mix of modern updates and vintage charm. Hardwoods and exposed brick in open living area. Airy loft like Master suite. Updated kitchen with timeless finishes leads to back deck and lovely yard. Perfect for entertaining or enjoying your morning coffee. Sweet rental unit features 2 bedrooms and 1 bath, in
Well located Ukrainian Village Circa 1898 Wide, Expansive & Interesting Corner Brick 4 Unit with 2 car garage. Diverse floor plans with meaningful improvements offers solid investment opportunity for investor or end user. Unit break down: 1F was likely a storefront in a past life, offers soaring ceilings, open loft like layout, hardwood floors, 2 bedroom 1 bath. Unit 2F: Charming renovated 1 bedroom 1 bath, Modern Kitchen, dishwasher,
Exceptional 2 flat in Wicker Park gushing with character with side bay and great bones. Both units get great natural light. 1st floor unit was owner occupied until recently and 2nd floor unit is rented month-to-month. Building is in great condition and exemplifies pride of ownership with many recent improvements including kitchen, rear porch, concrete walkway, and rear garden. Other features include big windows, large living/dining rooms, full
2 FLAT POISED FOR REDEVELOPMENT AT 938 N. ELSTON WITH THE NEIGHBORING PROPERTY AT 936 N. ELSTON SEE LISTING #10322276. 3 LOTS TOTAL WITH TWO BUILDINGS. ONE ADDITIONAL LOT COULD BE PURCHASED FROM THE CITY/OWNED PROGRAM.
Perfect opportunity to own a Greystone building in Humboldt Park. Excellent location, across the Humboldt Park, minutes from 606 trail, school and public transportation. The property sits on an oversize lot, 25X175. 1st and 2nd floor units have 3B/1B, BONUS!!! Semi-finished Garden unit. Fenced yard, Newer 2 Car Garage, and spacious back yard.
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!
ATTENTION! Investors, or Anyone looking to own a multi-unit building in the hottest neighborhood in Chicago. Lincoln Yards Development just approved by City and will be extending the 606Trail! Rent as is or a rehab will yield a unique property that stands apart and above all the cookie-cutter homes being built. Property sits close to public sidewalk giving you more interior sq.ft. and bigger yard. The 2.5 garage is grandfathered in with
*** GREAT WICKER PARK LOCATION! SUNNY SOUTH FACING BRICK 2 FLAT. CLOSE TO EVERYTING!! CLEAN AND UPDATED UNITS. FULL BASEMENT & ENCLOSED PORCHES FOR LOTS OF GROWTH POTENTIAL. SEPARATE FORCED A/C,HEAT & UTIL. GAS FIREPLACE IN UPPER UNIT. HARDWOOD FLOORS. UPDATED ROOF, WINDOWS & TUCKPOINTING. BACK YARD. GARAGE. GREAT FOR OWNER OCCUPIED. SINGLE FAMILY CONVERSION, INVESTMENT OR REDEVELOPMENT ON RT-4 LOT. UPGRADED ELECTRIC. BUILDING
Turnkey Airbnb Investment with +90% annual occupancy. Legally operated and registered with the City of Chicago. Strong cashflow and NOI. This all-around brick Two-Flat has been rehabbed within the last year with modern finishings, Updated Kitchen, Updated Bathrooms and hardwood floors. Has Central Air, In-Unit Washer/Dryer Combo and Two Private Parking Spots in the back. Can be sold fully furnished. 15 minutes to Downtown Chicago. 10 minutes to
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: hard wood, laminated, ceramic. Central A/C. All utilities separated. Walking distance to Division St. & Chicago Ave. shops and restaurants. Easy access to 90/94 expressway and Chicago downtown. RT-4 Zoning.
Location Location Location! Great Two Flat Investment property or an owner occupied with a rental unit income in East Village/Wicker Park Area. Brick building with a duplex up and a simplex. D.U. has 3 bedroom and 2 full bathroom, open kitchen, stainless steel appliances, granite counters, all wood cabinetry, open space concept, back deck, tankless and HVAC, Full side by side laundry. First floor unit: 2 bedrooms and 1 full bath, stainless steel
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.
Gut rehab in 2015 with significant improvements to roof and foundation. Brand new finishes with HW flooring, cabinets, stainless steel appliances. Right off North Ave. on the border of Bucktown & Wicker Park. Unit mix includes two duplex-down units, a 2 bed 1 bath unit, and a duplex-up 4 BD unit.
TWO FLAT WITH BASEMENT 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. DRIVE BY FIRST. can be purchased with additional properties as a part of a portfolio.
RED BRICK 4 FLAT WITH FULL BASEMENT. LOCATED ON A BEAUTIFUL TREE LINED STREET IN PRIME LOCATION: East Village/UK Village. BUILDING HAS TONS OF POSSIBILITIES. PRIME CANDIDATE FOR SF CONVERSION OR REHAB AND RENT. LAUNDRY IN BASEMENT. PARKING PAD IN REAR. This property can be purchased with additional properties as a part of a portfolio.
East Village Remodeled 2 flat, First Floor unit, newly refinished hardwood floors, New Appliances, New bath, new plumbing, lighting, large walk in closet with built-in shelving, 2nd floor unit, new carpeting throughout, new bath, new rear stairs, attic with great expansion possibilities, some new tuckpointing, 2 CAC units, Close to L stops (Green & Blue lines), easy access to loop and expressways.
Highlights of this AMAZING property are: 2 Newer Individual GFA/CA units, 2 Tear Open Porch, 2.5 Car Cinder Block Garagre with new PVC Roof. Building has all Copper Plumbing,, Gleaming Hardwood Floors Throughout, Double Pane Vinyl Widows throughout, Solid Core Doors in whole building, Wrought Iron Double Gated Front Fence, First and second floor front balconies. Metra is only .8 miles away. Humboldt Park is only 3 blocks This building is PRIDE
This beautiful property includes a front building owner's duplex-up on the 2nd & 3rd flrs & an artist's studio on the 1st flr. It also has a back Coach House currently providing $2,550/month in rental income toward owner's mortgage. Front studio is perfect for in-home workspace or could be likely converted into a 4th rental apartment as property was zoned for up to 4 units. 1st flr could also be finished out as
Ukrainian Village Gem! Tall majestic brick 3flat located on a superior block! Two apartments are rented, one needs everything. This is the next building that would make a conversion to luxury units a best bet! Huge apartments on an over-sized 33 foot lot. Many vintage features are in-tact. Windows have been replaced. Boiler is 1 year new. 3 car brick garage needs work. New rear porches full unfinished basement ready for duplexing. Beautiful back
Noble Square 2 flat. 2 Bed Plus Office/Den Space. And 3 bedroom 2 full bath. Hardwood Floors. Central A/C and Heating. Garage Parking. Walk to Everything Ukrainian Village, East Village, Wicker Park and Bucktown Have to Offer. Chicago Blue line .5 Miles Away. Across from Eckhart Park. Easy Expressway Access.
Attention Investors! Rehabbed from Top to Bottom with Newer Plumbing, Electric, Siding, Roof -- 100% Occupied with GREAT Tenants - Under Market Rents with Room to Grow - Central Heat, EACH UNIT Has In-Unit Laundry, Stainless Steel Appliances with Dishwashers, Owner Bills are LOW! Tenants Responsible for ALL Utilities Except Water/Trash, Walk to Western Blue Line, Adjacent to Bloomingdale 606 Trail, Shopping and Dining and Milwaukee and Armitage,
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
Attention DEVELOPERS & REHABBERS - GREAT OPPORTUNITY*Booming area in the heart of Ukrainian Village/WEST TOWN*Property sits on a Corner Lot with new construction, condos and high-end single family homes all around*Currently a 2 Flat - LOADS OF POTENTIAL*Ideal location-walking distance to restaurants, shopping and everything Chicago Avenue has to offer*
Three unit building + duplex coach house in the heart of hip West Town. Well maintained building with newer kitchens and baths, in unit laundry, hardwood floors, and gas/forced air. Building units include combined living/dining room, kitchen with Frigidaire appliances and good cabinet space, two bedrooms, full bath with tub, laundry/utility room with washer, dryer, HVAC and water heater, and rear enclosed stairwell/porch with additional storage.
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
Great location with deep lot; tax records indicate 3125 as the land sq footage; incredible opportunity to own a property in a neighborhood where you are truly close to all forms of transportation and enjoyment. The property is currently being used as a multi unit with leases that have expired. This property is part of a larger portfolio sale
Phenomenal opportunity in this duplex up, duplex down 2 unit building in West Town. First floor duplex down features large living room, dining room and kitchen with enclosed backporch. 2 bedrooms and full bathroom on first floor with access to basement- possible 3rd bedroom, additional living room or both. Second floor duplex up features living room, dining room and kitchen with enclosed backporch. 1 bedroom, 1 bathroom and tons of
PRICE DROP! HERE IS YOUR CHANCE! Newly re-zoned to RT3.5, eligible for new build of over 4,300sq ft as a single family home or up to 3 units, addition or new build, ready for rehabbers/investors/developers. Proposed plans optional. 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,Two car garage with party door, backyard
Fantastic Wicker Park 2 flat with a legal and licensed AirBnb on the main floor. Solid Brick building steps from all of the hot spots and transportation. Main floor unit was updated in 2018 with a gracious floorplan. Enter the large living space with adjacent dining room. 2 nice sized bedrooms with great closet space. Kitchen has stainless appliances and stone counters. W/D in unit. Gas forced heat and central AC. Outdoor space can be
Great income property (7.2% CAP Rate), all units have central air, gas forced heat, in unit washers and dryers. Hardwood floors, some character remains along with decretive fireplaces. Each unit has a bedroom that will accommodate a king size bed. Property offered AS-IS. Room to increase rents. Parking pad for 6 cars. Small back yard. (or, build a garage and double the size of the back yard!)
Location Location- one of the most desired locations in Chicago Rarely available Wicker park 4 flat with huge upward potential. Zoned C1-2 for business potential- Retail storefront, liquor store, warehouse, auto shop, with apartments above For sale separate or as a Portfolio with : 2102 w roscoe zoned B1-2 1731 w Potomac zoned RS-3