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7 W 112th Place, Chicago, IL 60628

7 W 112th Place, Chicago, IL 60628
HUGE VALUE ADD!!! **SUPER LOWER TAXES** NO FHA. BUY A DUPLEX AT BETTER THAN THE 1% RULE, REHAB COACHOUSE FOR ADDITIONAL 1350/MONTH IN RENT. COACHOUSE IS LISTED WITH CHA AS A SINGLE-FAMILY RESIDENCE WHICH DEMANDS HIGHER RENTS FROM CHA. UNIT 1 CAN CONSERVATIVELY BRING IN 1200/MONTH UNIT 2 CAN CONSERVATIVELY BRING IN 1300/MONTH OWNER HAD RETAIL RENTS AT 1400/MONTH OVER A YEAR AGO RENTAL ANALYSIS IN ADDITIONAL DOCUMENTS MAIN BUILDING IS A 2 FLAT WHICH IS MOVE-IN READY, PERFECT FOR NEW TENANTS. 1ST FLOOR HAS 2 BEDROOMS, LIVING RM, DINING RM, FULL KITCHEN, AND A BATHROOM. 2ND FLOOR HAS 3 BEDROOMS, LIVING RM, FULL KITCHEN, AND A BATHROOM. FULL UNFINISHED BASEMENT WITH LOTS OF STORAGE. COACH HOUSE (LEGAL 3RD UNIT) IS IN NEED OF A FULL REHAB. THIS IS THE GOLDEN NUGGET OF THIS DEAL. ******LIST AGENT HAS VERIFIED RENTAL POTENTIAL WITH LOCAL PROPERTY MANGEMENT COMPANY. ******CONTACT LIST AGENT FOR LENDER WHO WILL LEND ON THIS PROJECT IF NEED BE. ***BUILDING IS LOCATED IS ONE OF CHICAGO TIF DISTRICTS WHICH MEANS A PORTION OF PROPERTY TAXES FROM THE DISTRICT ARE RESERVED FOR REDEVELOPMENT PROJECTS WITHIN THE DISTRICT***PROPERTY ALSO LOCATED IN A LOW CENSUS TRACT INCOME LEVEL AREA, WHICH COULD POTENTIALLY QUALIFY FOR DOWNPAYMENT ASSISTANCE PROGRAMS. THIS HOUSE QUALIFIES FOR MMRP $30,000 DOWNPAYMENT GRANT, CHECK WITH YOUR LENDER FOR PROGRAM GUIDELINES******SOLD AS IS***SELLER IS AN ILLINOIS LICENSED REALTOR (NOT RELATED TO LISTING AGENTS)
Bedrooms7
Bathrooms3
Year Built1912

Porperty Highlights

  • Price $195,000
  • Bedrooms 7
  • Property ID 11853037
  • Bathrooms 3
  • Property Status Canceled
  • Year Built 1912
  • Rooms 15
  • Garage Size x x
  • Property Type Residential Income
  • Roof Asphalt
  • Sewer Public Sewer
  • Heating Natural Gas
  • County Cook
  • Property Type Residential Income
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Property Features

Luxury Highlights

Luxurious amenities including infinity pools, home theaters, gourmet kitchens, smart home technology, and breathtaking views for an extraordinary lifestyle.

Video Highlights

Luxurious amenities including infinity pools, home theaters, gourmet kitchens, smart home technology, and breathtaking views for an extraordinary lifestyle.

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Floor Plans

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Frequently Asked Questions

We provide personalized consultation for purchasing luxury properties, including custom property searches, negotiation assistance, and support throughout the entire acquisition process, including connections with industry professionals such as lawyers and notaries.

You can contact us directly through our contact form or by phone to schedule an appointment with one of our experts. We will evaluate your property and create a customized marketing strategy to ensure you get the best possible return.

Yes, we offer comprehensive property management services for luxury homes, including maintenance, rental management, and oversight of daily operations to ensure your investment is always in top condition.

Purchasing a property in these areas means investing in some of the most prestigious and sought-after locations, offering a unique blend of luxury, security, and high quality of life. These areas are known for their natural beauty, exclusive amenities, and strong property value retention.

Absolutely. We offer detailed and personalized virtual tours for every property, allowing you to explore homes from anywhere in the world. Contact us to schedule a virtual tour appointment.

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Inquiry For This Property

7 W 112th Place, Chicago, IL 60628

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