3n/812 S Miller St

Chicago IL 60607

1300 sq. ft.

Condo

Currently for sale - view listing

Overview

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.

Features

3 bedrooms

2 bathrooms

1 carspace

1300 sq. ft. floor area

Condo

Property history for 3n/812 S Miller St

2018

Sold

$315,000

16 May 2018 by Jacqueline Colando, of Redfin Corporation

2008

Sold

$320,000

22 Aug 2008 by Donna Anello-Surma, of New West Realty Llc

Happy sellers in Chicago

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