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940 N Hamlin Ave, Chicago, IL, 60651

6beds
3baths
--sqft
$195,000
--price/sqft
$1,559/moest. monthly cost
$62,360/yrincome needed

About This Home

Capitalize on the rapid appreciation of this high-growth "Path of Progress" neighborhood with a versatile brick 2-flat featuring a finished basement. Perfectly suited for a high-end "fix and flip" or a duplex-down conversion to maximize rental yield, this property offers two spacious 2-bed/1-bath units and a finished basement with two additional rooms and a full bath. Zoned RS-3, the building is equipped with individual HVAC systems for each floor, including separate furnaces and water heaters. The backyard provides a prime opportunity to build a new garage, further increasing the asset's resale value. Positioned near the 606 Trail and major retail developments, offering an ideal canvas for an investor looking to secure a foothold in one of Chicago's most trending markets.

Getting Around

72
WalkingVery Walkable
66
TransitGood Transit
74
BikeVery Bikeable

Schools

4/10
Cameron Elementary SchoolGrades PK-80.4 mi
1/10
Orr Academy High SchoolGrades 9-120.4 mi

Construction

Condition

  • Year built: 1908

Materials

  • Foundation: Concrete Perimeter
  • Roof: Flat
  • Construction materials: Brick

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 3
  • Full bathrooms: 3

Heating

  • Heating features: Natural Gas,Forced Air

Property

Details

  • Parcel number: 16023200240000
  • Special condition: None

Lot

  • Lot size: 3,049 sqft
  • Lot size dimensions: 25 x 125

Parking

  • Total spaces: 2
  • Parking features: Yes,Garage Owned,Detached,Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2