7216 S Emerald Street, Chicago, IL, 60621

This spacious fully occupied 2 flat property boasts hardwood floors, large living room and dining, a two car garage and a beautifully manicured outdoor space. The property has an unfinished basement therefore a new buyer could rehab/remodel the first floor and the basement creating a custom duplex or rehab/remodel the second floor unit and the attic creating a duplex. The buyer can live in one unit and rent the other or leave the current renters in place and collect over $2300.00 per month in rent (11% cap rate). Consider adding a coin washer and dryer in the basement and renting the garage space if the renters. Unit #1 is a 2 bedroom plus the den can be used a study or an office. The renter in unit #1 pays $1250.00. The renter in Unit #2 pays $1040.00 for the 3 bedroom. Rent could be increased for this unit. Additionally 6 buildings are being rehabbed on this block and a 20 unit building recently sold on this block. In addition, several city workers live on this quiet tree lined street.