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Listed by Latrease Davenportof PIP Realty Group
$274,900
Est. payment /mo
5 Beds
3 Baths
2,800 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached Single
Listing Status Active
Purchase Type For Sale
Square Footage 2,800 sqft
Price per Sqft $98
MLS Listing ID 12644423
Bedrooms 5
Full Baths 3
Year Built 1975
Annual Tax Amount $9,434
Tax Year 2024
Lot Size 0.551 Acres
Lot Dimensions 0.551
Property Sub-Type Detached Single
Property Description
Turnkey investment opportunity in East Hazel Crest generating immediate cash flow with strong upside potential. This spacious 5-bedroom, 3-bathroom single-family home offers approximately 2,800 sq ft of living space, including a finished basement, and is currently tenant-occupied with Housing Choice Voucher assistance already in place. Current monthly rental income is $2,669, with verified potential to reach the HUD 5-bedroom rent standard of $3,200 per month upon tenant turnover. The property has been well maintained and features several major capital improvements, including comprehensive renovations completed in 2021 with a new furnace, additional basement bedroom, and added sump pump. Additional updates include new drain tiles installed in 2022 for enhanced water management and a new water heater installed in 2024. The functional layout, large bedroom count, and 3 full bathrooms make this property highly desirable for long-term tenant demand. Located in the South Suburbs with convenient access to major transportation corridors, employment centers, and local amenities, this property presents an excellent opportunity for investors seeking stable, government-backed rental income. Being sold as-is. Tenant occupied. Serious investors only.
Location
State IL
County Cook
Rooms
Basement Finished, Full
Interior
Heating Natural Gas, Forced Air
Cooling Central Air
Flooring Hardwood, Laminate
Fireplace N
Appliance Range, Dishwasher
Exterior
Garage Spaces 2.0
View Y/N true
Roof Type Asphalt
Building
Story 2 Stories
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
School District 152.5, 152.5, 152.5
Others
HOA Fee Include None
Ownership Fee Simple
Special Listing Condition REO/Lender Owned
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