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11366 South Hermosa Avenue

Chicago IL 60643

2
1
790 sq. ft.
Single-Family
Currently for sale - view listing

Overview

Great investment opportunity in the desirable Morgan Park neighborhood! This frame raised ranch offers a solid, income-producing asset with immediate cash flow. The home features 2 bedrooms and 1 full bath and is currently leased to a long-term tenant, generating $1,400 per month in rental income. The property will be offered through an upcoming auction on Xome, making it an excellent opportunity for investors looking to acquire a performing asset. Buy it now price of $99,000. The current lease will be assigned to the new owner, ensuring a seamless transition and continued income from day one. Drive-by only-no interior showings permitted. Property is being sold occupied. Whether you're expanding your portfolio or entering the investment market, this is a great chance to secure a rental property in a well-established Chicago neighborhood.

Features

2 bedrooms
1 bathroom
790 sq. ft. floor area
Single-Family

Property history for 11366 South Hermosa Avenue

2008
Sold
$65,000
22 Dec 2008 by Jeff Mrozek, of Crosstown Realtors, Inc.

Happy sellers in Chicago

90%
90% of sellers in Chicago reported that their sale price either exceeded or met their price expectations.

Chicago stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Chicago over the last 12 months.

Local market activity for 2 bedroom single-family properties in Chicago

In the last 12 months, 46 two-bedroom single-family properties similar to 11366 South Hermosa Avenue, have been sold.

This represents a 9% increase in two-bedroom single-family properties sales when compared to the previous 12 months.

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(619) 566-0008
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