Property for Sale: 2318 S Homan, Chicago, IL 60623

$700,000
$700,000
2318 S Homan, Chicago, IL 60623
$700,000
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Price:
$700,000

Type Commercial
Year Built 1908

City Chicago
County Cook

MLS 12270550
Status Active
Prime Multi-Family Investment Opportunity in Little Village, Chicago Discover this well-maintained multi-family building located in the heart of Chicago's vibrant Little Village neighborhood. Offering a blend of modern updates and strong rental upside potential. Property Highlights: Individual Heat & Water Heaters: Each unit comes equipped with its own furnace heating system and water heater, providing tenants with control over their utilities and reducing owner expenses. Modern Electrical Systems: The units have been recently upgraded with new wiring, ensuring a safe and reliable electrical setup for all residents to code. Updated Kitchens & Baths: Every unit features contemporary kitchens and bathrooms, complete with modern fixtures, cabinetry, and finishes, making the apartments highly desirable to tenants. Strong Rental Upside: With the improvements already in place and the growing demand in this bustling area, there is significant potential for rental rate increases, offering an attractive return on investment. Located in Little Village, a community known for its rich culture, dining, and shopping options, this building is perfectly positioned to capitalize on the neighborhood's ongoing growth. With easy access to public transportation, parks, and schools, this property offers a prime opportunity to own in one of Chicago's most dynamic areas. A high-performing asset with both immediate cash flow and long-term value appreciation!

Lot & Building Features

Tax Year 2023
Lot Dimensions 25X125 ft

Price History of 2318 Homan, Chicago, IL

Date Name Price Difference
12/31/1969 Listing Price $700,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
Photo of Richard Schultz
Direct: 708-237-7779
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by 33 Realty, Andrew Smith
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1%
6.75%
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2318 Homan (MLS #12270550) is a commercial listing located in Chicago, IL. This property was listed on 01/27/2025 and has been priced for sale at $700,000.

Nearby zip codes are 60608, 60612, 60616, 60624 and 60638. This property neighbors other cities such as Cicero.

Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: 33 Realty