3048 East 80th, Chicago IL 60617
$499,000

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Property Description

This fully renovated legal 2-flat, with a bonus 3rd unit in the garden apartment, is an incredible investment and living opportunity in the South Chicago neighborhood. Completely rehabbed in 2022, this building features three spacious 3-bedroom, 1-bath units, each with brand-new stainless steel appliances. The garden unit is perfect for an owner's suite, offering comfortable living with the added bonus of being vacant at closing for immediate occupancy. Unit 1 also includes a washer and dryer, while the second-floor unit offers potential for future expansion, with an unfinished attic that could be duplexed up to add more bedrooms and bathrooms for increased rental income. The building is currently generating $3,200 per month with excellent tenants who take great care of their apartments and pay rent on time. This is an ideal house hacking opportunity, as the revenue from the tenants helps cover a significant portion of the owner's living expenses. The property is professionally managed, well-maintained, and turn-key, making it a fantastic addition to any investor's portfolio. Situated just blocks from Rainbow Beach Park, with the new bike trail and the South Side Quantum Computing Campus nearby, this location is poised for future growth. Whether you're looking to live in the garden unit or expand the second-floor unit for additional rental income, this property offers both immediate comfort and long-term potential in a thriving South Chicago neighborhood.

Features & Information

Key Details

  • List Price $499,000
  • Property Taxes $2,292.75
  • Price/ Sq. Ft. Unavailable
  • Year Built 1922
  • Parking Type Garage
  • Status Contingent

Rooms

  • Total Rooms 16
  • Basement F

Exterior Features

  • Parking

  • Parking Details Garage
  • # of Cars:  2
  • # of Garage Spaces:  Garage Door Opener(s)

Building Information

  • Number of Units 3
  • Age of Building 100+ Years
  • Exterior Construction Brick
  • Heating & Cooling Gas, Forced Air
  • Units

  • Unit 1 Stove, Refrigerator, Washer, Dryer, Microwave, Central Air Conditioner, Garage/Space, Hardwood Floors
  • Unit 2 Stove, Refrigerator, Microwave, Central Air Conditioner, Garage/Space, Hardwood Floors
  • Unit 3 Stove, Refrigerator, Washer, Dryer, Central Air Conditioner

Location

  • County Cook
  • Township Hyde Park
  • Corporate Limits Chicago
  • Directions to Property From The Intersection Of South Stony Island Avenue And East 80th Street, Head East On 80th Street For About Half A Block. The Property Will Be On Your Left-hand Side. There Is Ample Street Parking Available.
  • Schools

  • Elementary School District 299
  • Junior High District 299
  • High School District: 299
  • Property Taxes

  • Tax 2292.75
  • Tax Year 2023
  • Parcel Identification Number 21312050360000

Utilities

  • Sewer Sewer-Publ

Listed by Michael Applegate for Straight-A Realty, LLC | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 5/15/2025 2:32 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Explore South Chicago

In a community that once buzzed with the heavy production of US Steel (one of the country's major steel manufacturers), South Chicago is a neighborhood rich in history centered about industry and organized labor. Today, these former industrial areas near Lake Michigan are some of the last few fleeting frontiers for development in the city. Acres of land along South Chicago's lakefront have not yet been built up — begging the interest of commercial and residential developers who continue to push south in search of prime real estate property. The neighborhood is bordered to the west by the Chicago Skyway, providing the region with good transportation. Both public schools and private academies dot the area, affording families their choice of scholastic options.

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