7407 S Morgan Street is a Traditional Chicago-Style Brick 2-Flat with the desired living room / dining room floor plan and large bedrooms! This property has been fully updated in 2011 from new mechanicals, plumbing, electrical, windows, and fixtures to new paint, wood flooring, carpet and appliances! The location is ideal, directly across the street from Stagg Elementary school. Due to the location, we have attracted two outstanding tenants that have signed one year leases through June 2012. This building gets top dollar rent for the area, unit one pays 1100/m (Sec 8), and unit two pays 1000/m. Buy this property and own a passive income producing building with built in equity! The partially finished basement could also be used for a 3rd unit or as part of the 1st floor unit if desired! Our Management Company can remain in place after purchase, (monthly 10% fee based on rents collected). The net operating numbers indicate actual costs with full service management. Investors this deal will not last long call or email us to make your best offer for this cash-flow machine!
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
