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6109 W Higgins Avenue

Chicago, Illinois 60630


Craig Palmer
312.330.3100

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$350,000


Bedrooms
3

Bathrooms
2



Property Type
Multiple Unit (2-4)
Community Area
Jefferson Park


Finally, a multi-unit unit building that makes sense! There are two options here. First, house hack, which means live in one unit and rent out the other units. If you house hack then you will almost live for free or you will make money every month depending on the situation. Second, keep it as a pure investment play. The first floor, rear apartment features one bedroom and it is already rented for $1,000 per month through March 31, 2022. The second floor apartment features two bedrooms, a formal living room, a dining room and a rear bonus room, which can also be used as a third bedroom. The second floor unit is presently rented for $1,500 per month through November 30, 2022. These two apartments already bring in $2,500 per month in rental income. Like clockwork. There is also a third unit in the building, which is a studio apartment, but we do not represent the legality of this third unit. FHA/VA, conventional and cash buyers are welcome! Go with FHA financing for an approximate mortgage payment of $1,978 per month based on a selling price of $350,000 with a 3.5% down payment (or $12,250) at a 2.5% interest rate as well as a $3,558 annual property tax bill, a $100 per month insurance premium and a $247 per month mortgage insurance payment. Or, go with conventional financing for an approximate mortgage payment of $1,682 per month based on a selling price of $350,000 with a 15% down payment (or $52,500) at a 3% interest rate as well as a $3,558 annual property tax bill, a $100 per month insurance premium and a $32 per month mortgage insurance payment. Please discuss financing options with your loan officer. On a final note, this property does not have a garage but there is ample street parking; there is also no basement and, hence, no flooding issues. This is an excellent investment opportunity in an excellent area! Very low taxes even without a homeowner's exemption! A must see. A 10!



Full Features
Exterior Type: Brick
Basement: None
Beds Above Grade: 3
Heating System: Hot Water/Steam, Baseboard, Radiant
Pool: No
Age: 81-90 Years
Parking Type: None
Parking Spaces: 0
Roof Type: Asphalt/Glass (Shingles),Flat Roof
Room Count: 7
Water Front: No
Square Feet: N/A
Tax Amount: $3,558
Tax Year: 2019


Taxes & Assessments
Taxes: $3,558

Listing information updated 4/13/2021 at 12:23pm


Listing Office: Peter Drossos Real Estate

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Disclaimer: The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of Midwest Real Estate Data, LLC. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers.


Jefferson Park photo


Jefferson Park

Neighborhoods: Gladstone Park

When a neighborhood is named after a park, you know it’s going to be a good one. The neighborhood’s namesake park stretches for seven acres, but it’s just one of three parks in the community that is located northwest of…

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School District(s)
City Of Chicago SD 299
Elementary School
Prussing Elementary School
Middle School
Prussing Elementary School, Taft High School
High School
Taft High School

School information is provided by the National Center for Education Statistics. This information should only be used as a reference and does not warrant or guarantee enrollment. Please contact applicable schools or school districts directly to verify information and enrollment eligibility.

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Nearby Public Transportation

Metra
Union Pacific Northwest, Milwaukee District North

at Gladstone Park Metra (0.44 miles away), Forest Glen Metra



 





6109 W Higgins Avenue Chicago, Illinois 60630 is a multiple unit (2-4) currently listed at $350,000. 6109 W Higgins Avenue features 3 bedroom(s) and 2 bath(s). This multiple unit (2-4) has been listed on @properties since April 7th, 2021 and was built in 1935. Nearby schools include Prussing Elementary School, Taft High School. The nearest transit stops include Union Pacific Northwest Gladstone Park Metra. Want to learn more about 6109 W Higgins Avenue Chicago, Illinois 60630? Contact an @properties agent to request more info.


© 2021 Midwest Real Estate Data, LLC. All Rights Reserved. The accuracy of all information regardless of source including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.