7840 South Yates BoulevardChicago, IL 60649

This eight-unit walk-up building, located at 7840 South Yates Boulevard in Chicago's historic South Shore neighborhood, presents a compelling investment opportunity. The property comprises three one-bedroom, one-bathroom units and five two-bedroom, one-bathroom units. All units feature individual furnaces and hot water tanks. Five of the eight units are currently gutted to the studs, presenting a significant value-add opportunity for a new owner. Demolition work is already complete, allowing for immediate renovation and lease-up. The building benefits from recent upgrades including brand new porches and a new roof. South Shore is experiencing a revitalization, driven by its proximity to Lake Michigan, downtown Chicago, and the newly constructed Obama Presidential Library. The property's convenient location offers tenants easy access to Chicago's public transportation system. This property offers a blend of immediate rental income from the three finished units and the potential for substantial returns through the renovation of the remaining units. The 0.1561-acre lot and 6800 square foot building provide a solid foundation for a successful investment strategy. The asking price is $400,000.