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$ 319,000
Est. payment /mo
New
6837 S Morgan ST Chicago, IL 60621
5 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12687589
Bedrooms 5
Year Built 1920
Annual Tax Amount $3,013
Tax Year 2024
Lot Dimensions 4375
Property Sub-Type Two to Four Units
Property Description
Turnkey Brick 2-Flat | Fully Rehabbed | Income-Producing Day One Private Laundry Per Unit | Basement Storage | Duplex-Down Potential A rare opportunity to own a fully renovated, cash-flowing 2-flat with stable, long-term tenants already in place and rent hitting your account every month - no work, no waiting. The Units: Unit 1 - 2 bed | 1 bath | hardwood floors | updated kitchen Unit 2 - 3 bed | 1 bath | hardwood floors | updated kitchen Each unit features its own private laundry room and dedicated basement storage. Tenants pay all utilities. The Building: Comprehensively rehabbed in 2021 with updated plumbing and electrical throughout. Roof inspected and repaired. New back porch siding. Mechanically sound and genuinely low-maintenance - the heavy lifting is already done. The Upside: The large unfinished basement presents a compelling value-add play: rough plumbing is already in place for a duplex-down conversion, turning this 2-flat into a 3-unit and unlocking a significant additional income stream. Why It Works: Stable tenancy | Utilities paid by tenants | Rehabbed & move-in ready | Value-add conversion potential | Motivated seller
Location
State IL
County Cook
Area Chi - Englewood
Zoning MULTI
Rooms
Basement Finished, Exterior Entry, Full, Walk-Out Access
Interior
Heating Natural Gas, Forced Air
Fireplace N
Exterior
Community Features Curbs, Sidewalks, Street Lights, Street Paved
Roof Type Tar/Gravel
Building
Dwelling Type Two to Four Units
Building Description Brick, No
Sewer Public Sewer
Water Lake Michigan
Structure Type Brick
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Dalila Arellano of A List Homes Realty