6441 S. Austin Ave. Chicago, IL 60638
This two-flat resides in a premium Chicago location and includes two apartments and a bar. As its new owner, ample investment opportunity is available! The second-floor unit has had the same tenant for 15 years and brings in $525 per month. This tenant also serves as the buildings custodial engineer. This two-story brick building features a new automatic backup generator, a new boiler and water heater for the entire building, a newer flat roof and newer vinyl, thermal-pane windows! The impressively sized, well-kept bar provides a front sidewalk entry and includes two televisions, two booths, men and women bathrooms, separate subsidized gas heat, a window air conditioner, a large back storage area and modern sinks, refrigerators and ice storage behind the bar. The current owner brings in around $50,000 a year from rent and bar profit! You could even renovate the roof into a rooftop deck!A detached two-car garage resides behind the building and includes electric openers and a service door. A chain-link fence surrounds the fully concrete backyard that provides generous patio space, and a new wooden staircase provides a deck and an entry to each unit. Each unit contains window air conditioners and a carpeted living room, and the upper unit contains a dining room. Each unit contains a large eat-in kitchen with ample cabinet/storage space and a table area for four. There are four bedrooms total, two in each unit, and all four rooms supply carpeting and a standard closet. Each unit houses a full bathroom that provides vinyl flooring, a shower/tub combo, a single vanity and a medicine cabinet. A full basement is shared between the units and houses the laundry room with a washer/dryer set and a utility sink. With immediate income, dont miss this huge investment opportunity!