Chicago, IL 60617
$388,000 sold price
Mark Quesada
Broker / Owner
LIC #475144827
Welcome to South Chicago at 9020 S. Burley Ave, a well-maintained legal 3-unit building located near Lake Michigan. This fully occupied income-producing property offers an excellent opportunity for investors seeking stable rental income with future upside potential. All three units are currently rented on month-to-month leases, providing immediate cash flow and future flexibility. Each spacious unit features 3 bedrooms and 1 bathroom with functional layouts designed for comfortable living and long term tenants. The current ownership has completed several valuable updates, including recent improvements to the second and third-floor units. Additional upgrades include new plumbing throughout the building, newer roof, New HVAC systems and furnaces, and new water heaters, helping reduce future maintenance concerns. Conveniently located near parks, shopping, public transportation, schools, and commuter access, this property is positioned within an area seeing continued redevelopment and investment along Chicago's southeast corridor. A solid multifamily opportunity with strong rental potential and major mechanical updates already completed.
$215,000
Median sale price
48 days
Avg days on market
97.5% of list
Sells for
Closed sales in 60617 over the last 6 months, all home types.
Actual closed sales from the MLS — not estimates.
History reflects records reported to the MLS and may be incomplete.
Interior
Construction
Lot & parking
Utilities
Listed by Marco Ponce, Coldwell Banker Realty
