Introducing an excellent investment opportunity in Chicago Heights!

This well-maintained 2-flat property is ideal for savvy investors looking t add to their portfolio. Each unit features leases expiring in January 2025 and November 2024 respectively, ensuring immediate rental income for the new owner. With a combined monthly rent totaling $2, 400, this property offers a steady cash flow from day one. Convenience and reliability are paramount, as tenants enjoy the comfort of their own spaces while contributing to the property's profitabil ity.

Additionally, the yearly taxes amount to $5, 573, offering a favorable financial outlook for potential buyers. Whether you're a seasoned investor or exploring your first venture into real estate, this property presents an attractive opportunity in a thriving rental market. Don't miss your chance to capitalize on this lucrative investment in Chicago Heights!

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on 1227 Otto Blvd
in Chicago Heights, IL
Presented by Paul Kempa at
Realty One Group Excel.


Property MLS #12052723 from MRED

+ Reveal additional info including schools and tax history

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+ Bedrooms

Bedrooms: 6
Bedrooms Possible: 6

+ Other Rooms

Total Rooms: 10

+ Bathrooms

Total Bathrooms: 2
Full Bathrooms: 2

+ Heating and Cooling

Heating Features: Natural Gas, Forced Air

+ Land Info

Lot Size Acres: 0.12
Lot Size Square Feet: 5227

+ Garage and Parking

Parking Total: 2

+ Homeowners Association

Association: No
Calculated Total Monthly Association Fees: 0

+ School Information

High School District: 206
+ Display Complete School Details

Bloom High School is a public high school located approximately 0.5 miles away.
Map directions

Roosevelt Elementary School is a public elementary school located approximately 0.7 miles away.
Map directions

Cornerstone Christian School is a private elementary and middle school located approximately 0.1 miles away.
Map directions

Regl Inst Scholastic Excellence is a public middle and high school located approximately 1.3 miles away.
Map directions

+ Multi-Unit Info

Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 3
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Total Rooms in Unit-1: 5
Total Rooms in Unit-2: 5
Unit 1 Total Actual Rent: 1150
Unit 2 Total Actual Rent: 1250

+ Other Property Info

Annual Tax Amount: 5573.34
Source Listing Status: Active
County: Cook
Directions: CHICAGO RD. TO 13TH ST. EAST TO OTTO NORTH TO 1227
Tax Year: 2022
Ownership: Fee Simple
Source Property Type: Residential Income
Parcel Number: 32202080100000
Township: Bloom
Zoning: MULTI
Property Subtype: Two to Four Units
Source System Name: C2C
+ Reveal Tax History

Year	Assessments Building + Land Total	Tax
2021	$6,990 + $1,828 $8,818	$5,352
2020	$6,990 + $1,828 $8,818	$5,181
2019	$7,971 + $1,687 $9,658	$5,562
2018	$7,971 + $1,687 $9,658	$5,287
2017	$7,971 + $1,687 $9,658	$5,054
2016	$7,931 + $1,546 $9,477	$3,742
2015	$7,931 + $1,546 $9,477	$3,633
2014	$7,931 + $1,546 $9,477	$3,629
2013	$7,536 + $1,546 $9,082	$3,264
2012	$7,536 + $1,546 $9,082	$3,229
2011	$7,536 + $1,546 $9,082	$3,156
2010	$10,380 + $1,546 $11,926	$3,033
2009	$10,380 + $1,546 $11,926	$2,683
2007	$8,782 + $2,024 $10,806	$2,402
2006	$8,782 + $2,024 $10,806	$2,362

+ Reveal Property Sale History

Listed 2024-05-10
$169,000
MRED

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Sold 2016-01-29
$14,000
MRED

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Price Changed 2015-12-18
$19,900
MRED

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Listed 2015-11-17
$29,900
MRED

+ Building and Construction

Year Built: 1912
Foundation Details: Block
Property Age: 112

+ Utilities

Sewer: Public Sewer
Water Source: Public