812 S Miller ST #3N new Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60607
Key Details
Property Type Condo
Sub Type Condo
Listing Status Active
Purchase Type For Sale
Square Footage 1,300 sqft
Price per Sqft $275
MLS Listing ID 12269413
Bedrooms 3
Full Baths 2
HOA Fees $280/mo
Rental Info Yes
Year Built 1988
Annual Tax Amount $6,614
Tax Year 2023
Lot Dimensions COMMON
Property Description
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.
Location
State IL
County Cook
Area Chi - Near West Side
Rooms
Basement None
Interior
Heating Natural Gas,Forced Air
Cooling Central Air
Fireplaces Number 1
Fireplaces Type Wood Burning
Fireplace Y
Appliance Range,Microwave,Dishwasher,Refrigerator,Disposal
Laundry Common Area
Exterior
Amenities Available Coin Laundry
Roof Type Asphalt
Building
Dwelling Type Attached Single
Story 4
Sewer Public Sewer
Water Lake Michigan
New Construction false
Schools
School District 299 ,299, 299
Others
HOA Fee Include Water,Parking,Insurance,Exterior Maintenance,Scavenger,Snow Removal
Ownership Condo
Special Listing Condition None