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This is a prime investment opportunity in University Village/Little Italy, located just a block from the UIC campus. Unit 3N is a spacious 3-bedroom, 2-bath condo with 1,300 square feet of living space. The unit features premium finishes such as granite countertops, a fireplace, a pantry, and a charming Juliet balcony, all within an all-brick, Flexicore building with a newer roof. A parking space is also included. Currently rented to UIC students for $2,550 per month, this property provides reliable cash flow with a lease in place until July 31, 2025. Tenants pay all utilities, ensuring consistent and predictable income with minimal operating expenses. The unit's location near UIC ensures high demand, making it easy to rent year after year, and its proximity to local amenities adds to its appeal for both students and professionals. This is a turnkey investment requiring no immediate work, as the property is already tenant-occupied and income-producing. For investors looking to expand their portfolio, the adjacent Unit 3S, owned by the same seller, is also available for purchase. This presents a unique opportunity to secure two income-generating properties in a sought-after rental market.
| DAYS ON MARKET | 4 | LAST UPDATED | 1/12/2025 |
|---|---|---|---|
| YEAR BUILT | 1988 | COMMUNITY | CHI - Near West Side |
| COUNTY | Cook | STATUS | Active |
| PROPERTY TYPE(S) | Condo/Townhouse/Co-Op |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AMENITIES | Insurance, Snow Removal, Water |
| APPLIANCES | Dishwasher, Disposal, Microwave, Range, Refrigerator |
| AREA | CHI - Near West Side |
| BASEMENT | None |
| CONSTRUCTION | Brick |
| FIREPLACE | Yes |
| HEAT | Forced Air, Natural Gas |
| HOA DUES | 280 |
| LOT | 0 |
| LOT DIMENSIONS | COMMON |
| PARKING | Assigned |
| PRIMARY ON MAIN | Yes |
| SEWER | Public Sewer |
| STORIES | 4 |
| TAXES | 6614.35 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Baird & Warner
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of MRED. All real estate listings are marked with the Broker ReciprocitySM logo or the MRED Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2025 MRED. All rights reserved.
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2025 MRED. All rights reserved.
This IDX solution is (c) Diverse Solutions 2025.
