Rare find! Two homes for the price of one, on one lot. Large, well-maintained HOME and charming COTTAGE in back, which can be used for related living or legal rental unit. The experienced investor could rent both units for a total income of $2000 to $2400/month. The HOME is a large well maintained 2 bed, 1 bath, with dining room, living room, and partially finished basement. It also has an extra-large two car garage in excellent condition and a fenced in backyard with patio. Over the past 3 years the HOME has: New carpet, New vinyl flooring in kitchen, bath, front porch, and basement. Bathroom remodeled with new vanity and ceramic tile on walls. Improvements in 2022 include: freshly painted bedroom walls, doors, and trim throughout, New electric trim throughout. Two new efficient window A/C units installed. The HOME has been inspected annually by the village, and by HACC/Section 8 for the past 13 years. It is currently vacant by design to provide the opportunity for an owner/occupant or for the new owner to place their tenant in the home. The HOME was recently rented for $1300. It is ready to pass another section 8 inspection. Section 8 is currently paying $1500 for two bed homes in Hazel Crest. Additionally, the basement could provide extra space to add two more bedrooms if desired. The COTTAGE is a 3-room studio on the same property. It includes a kitchen, living/bedroom combo, and bathroom. It is currently rented for $585 on a month-to-month basis to a market tenant. The tenant has been there for 4 years and he has expressed a desire to stay. He would like to extend his lease if allowed. Section 8 pays approx $900 for studio apartments in Hazel Crest. The COTTAGE is approved for separate living by the village. All the rehabs were permitted and inspected. It has passed all annual inspections as a rental home. It has its own new ComEd electric service and meter. It has electric baseboard heat, window A/C, and shares a common water line with the HOME. There is no Gas in the cottage. The owner pays for water and the tenants pays their own utilities. The HOME and Cottage BOTH recently passed village inspections in July 2022. New complete tear off roof on cottage being installed by 8/10 that comes with a 10-year warranty on labor and Manufacturer Limited Lifetime Warranty on shingles. Must see inside to appreciate. This is a well-maintained cash flow property. Property qualifies for a $5,000 grant through Chase.
