6805 South Talman Avenue

Chicago IL 60629

Multi-Family

Currently for sale - view listing

Overview

Brick two-flat in Chicago's Marquette Park neighborhood a well-maintained income property with strong bones and a clear value-add opportunity in the unfinished walk-up attic. This is a straightforward buy-and-hold with built-in upside for an investor willing to finish the third floor. Both units are 3-bedroom, 1-bathroom in each per the floor plan, with hardwood floors throughout and bright eat-in kitchens. Each kitchen features granite countertops, a breakfast peninsula, and recessed lighting. The building retains its character with bay windows, original stained wood trim, paneled doors, and a classic wood staircase. The systems have been addressed. The roof was replaced in 2018, and the hot water heaters were replaced in 2022. Both units are separately metered, and tenants pay their own electric, gas, and heat, which keeps owner operating costs low and predictable. The headline opportunity is the third floor: a full-length walk-up attic, roughly 13 by 45 feet, with private back-staircase access. It's a blank canvas, ready to finish for additional living space. Below grade, the full unfinished basement adds space for storage, laundry, or future build-out, and houses two furnaces and two hot water heaters. Outside, the property includes a detached two-car garage, a private fenced backyard, and an enclosed front porch with neighborhood views. The location works for tenants and resale. Marquette Park, California Avenue, and CTA bus routes are minutes away, with easy access across Chicago's Southwest Side.