Peg Hopkins
- Buy
- Sell
https://www.ruhlmortgage.com/ChrisSchneider.html
Description
Ask your broker about terrific grants available! The property is eligible for up to $15,000 in assistance and a home warranty. Welcome to this well-maintained two-unit brick building offering expansive layouts, soaring ceilings, and three spacious bedrooms with one full bathroom in each unit. The upper unit benefits from an oversized layout, with particularly generous bedroom sizes created by the extended stairwell, while both units offer excellent functionality and comfort. The lower unit has previously operated as a successful short-term rental, generating approximately $24,000 annually while being utilized only half of the year. Recent improvements by the current owners include the addition of in-unit laundry in both residences and a fully cleared basement, providing a strong foundation for a potential future garden unit. Both units feature re-stained hardwood floors, with kitchens and bathrooms in superb condition and move-in ready. The property is well suited for an owner-occupant seeking rental income or as a full investment opportunity. The area is poised for continued appreciation, supported by significant nearby development, including multi-billion-dollar investments such as the Obama Presidential Library in adjacent Woodlawn. Previous buyer got cold feet prior to inspection.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Bedrooms: 6
Bathrooms: 2
County: Cook
Listed By:
Baird & Warner
773-326-6500
MRED MLS
MLS ID: 12613875
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5632 S Wabash Avenue, Chicago, IL 60637.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $324,500 | $324,500 | $324,500 |
| Down Payment | $64,900 | $11,358 | $81,125 |
| Monthly Mortgage Amount | $1,536 | $1,910 | $1,989 |
| Taxes | $452 | $452 | $452 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $143 | $0 |
| Monthly Estimated Total | $2,088 | $2,605 | $2,541 |
Peg Hopkins
REALTOR®
Office: (563) 441-5005
Cell: (563) 529-1764
Licensed in IA & IL
Bettendorf Office
1228 Middle Road
Bettendorf, IA 52722
(563) 441-5000
Bettendorf, IA 52722
(563) 441-5000
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