1404 Elgin Avenue Forest Park, IL 60130
MULTIPLE OFFERS RECEIVED BEST AND FINAL DUE BY 5pm MONDAY 2/16 - Located 10 miles from downtown Chicago, Come see this well-maintained 2-flat that is an excellent opportunity for an owner-occupant buyer looking to live in one unit while collecting rental income from the other. Both units feature similar layouts with 2 bedrooms and 1 full bath, offering functional floor plans and consistent rental demand. The first-floor unit is vacant and move-in ready, featuring hardwood floors and an updated kitchen with dark cabinetry, stone countertops, and stainless steel appliances, and a work from home space off the kitchen- perfect for a buyer who wants immediate occupancy. The second-floor unit is currently rented at $1,400/month, tenant responsible for gas and electric. The lease is month-to-month, giving the new owner flexibility to adjust rents toward current market levels if desired, or sign tenant to a longer lease. Second-floor rent is WELL BELOW current market levels as the rent has not been increased in almost 5 years. The property also includes a detached 2-car garage with two parking spaces, basement laundry, separate living areas, and a straightforward setup ideal for house-hackers and first-time multi-unit buyers. Strong blend of livability and upside potential - live in one unit and let the rental income help support your mortgage. Great opportunity to build equity while keeping monthly costs down. Schedule your showing today!
Baird & Warner Jeffrey Schwartz Email
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Listing Office: Carioti Properties
Listing Office Phone: 312-535-2796
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