Cash-Flow Opportunity! Turnkey Rental Investment with an established tenant already in place. This tenant-occupied investment property is leased on a month-to-month basis, with the buyer to assume the tenancy and honor all tenant rights. Current rent is $1,480 per month, providing immediate rental income from day one. This split-level home features 4 bedrooms and 1.5 baths, including 3 bedrooms and a full bath on the upper level, a spacious living room, dining area, and kitchen on the main level, and a lower level with a 4th bedroom, half bath, family/bonus room, and utility room combined with a laundry area and shower stall. Hardwood flooring extends throughout the main and upper levels, while the lower level features ceramic tile flooring. Additional improvements include an updated full bath (2025), stove (2025), refrigerator (2023), gas forced-air furnace (2023), steel security door (2024), replacement of the west and south side siding (2019), and several newer windows, including two on the west side and the large north-facing picture window. The property also offers double-pane windows, a fenced yard with a combination of chain-link and wood fencing, and exterior parking spaces accessible from the alley. Conveniently located near public transportation with easy access to I-90/I-94 and downtown Chicago. Tenant pays Peoples Gas and ComEd; landlord pays water, sewer, garbage, and lawn care. Property is being sold strictly AS-IS. Portfolio Opportunity! Three tenant-occupied properties are available for purchase individually or as a package. All tenants are currently on month-to-month leases. Properties include: 1233 W. 73rd Place, Chicago, IL 60636-4137; 1647 W. 59th Street, Chicago, IL 60636-1754; and 6037 & 6039 S. Wood Street, Chicago, IL 60636-2201.
Active
$140,000
1647 W 59th St, Chicago, IL 60636
4beds
969sqft
Single Family Residence
Built in 1971
3,123 Square Feet Lot
$-- Zestimate®
$144/sqft
$-- HOA
What's special
Split-level homeDouble-pane windowsLarge north-facing picture windowDining areaNewer windowsSteel security doorGas forced-air furnace
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Zillow last checked:
Listed by:
Mark Minorczyk, ABR,BPOR,CNC,E-PRO,GRI,MRP,PSA,SFR 773-320-0020,
Keller Williams ONEChicago
Source: MRED as distributed by MLS GRID,MLS#: 12670558
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Rooms
- Room types: No additional rooms
Primary bedroom
- Features: Flooring (Hardwood), Window Treatments (Double Pane Windows)
- Level: Second
- Area: 140 Square Feet
- Dimensions: 14X10
Bedroom 2
- Features: Flooring (Hardwood), Window Treatments (Double Pane Windows)
- Level: Second
- Area: 88 Square Feet
- Dimensions: 11X8
Bedroom 3
- Features: Flooring (Hardwood), Window Treatments (Double Pane Windows)
- Level: Second
- Area: 72 Square Feet
- Dimensions: 9X8
Bedroom 4
- Features: Flooring (Ceramic Tile), Window Treatments (Double Pane Windows)
- Level: Lower
- Area: 80 Square Feet
- Dimensions: 10X8
Dining room
- Features: Flooring (Hardwood), Window Treatments (Double Pane Windows)
- Level: Main
- Area: 90 Square Feet
- Dimensions: 10X9
Family room
- Features: Flooring (Ceramic Tile), Window Treatments (Double Pane Windows)
- Level: Lower
- Area: 100 Square Feet
- Dimensions: 10X10
Kitchen
- Features: Kitchen (Eating Area-Table Space), Flooring (Hardwood), Window Treatments (Double Pane Windows)
- Level: Main
- Area: 81 Square Feet
- Dimensions: 9X9
Living room
- Features: Flooring (Hardwood), Window Treatments (Double Pane Windows)
- Level: Main
- Area: 204 Square Feet
- Dimensions: 17X12
Heating
- Natural Gas, Forced Air
Cooling
- None
Appliances
- Included: Range, Refrigerator, Gas Water Heater
- Laundry: Gas Dryer Hookup, In Unit
Features
- Replacement Windows
- Flooring: Wood
- Doors: Panel Door(s)
- Windows: Replacement Windows, Screens, Double Pane Windows
- Basement: Finished,Partial
- Attic: Unfinished
Interior area
- Total structure area: 0
- Total interior livable area: 969 sqft
Property
Parking
- Total spaces: 2
- Parking features: Asphalt, Off Alley, Alley Access, Yes, Owned
Accessibility
- Accessibility features: No Disability Access
Features
- Levels: Bi-Level
- Fencing: Fenced,Chain Link
Lot
- Size: 3,123 Square Feet
- Dimensions: 25 x 125
- Features: Level
Details
- Additional structures: None
- Parcel number: 20184060050000
- Special conditions: List Broker Must Accompany
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bi-Level
- Property subtype: Single Family Residence
Materials
- Vinyl Siding, Brick, Frame
- Foundation: Concrete Perimeter
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1971
Details
- Builder model: 4 bedrooms, 1 1/2 bathrooms
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Park, Curbs, Gated, Sidewalks, Street Lights, Street Paved
- Security: Carbon Monoxide Detector(s)
HOA
- Services included: None
Location
- Region: Chicago
Financial & listing details
- Price per square foot: $144/sqft
- Tax assessed value: $82,010
- Annual tax amount: $1,647
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/17/2012 | Listing removed | $1,500$2/sqft |
Source: EMITEX INC Report a problem | ||
| 4/3/2012 | Listed for rent | $1,500$2/sqft |
Source: GoSection8.com Report a problem | ||
| 8/12/2011 | Sold | $12,000-36.8%$12/sqft |
Source:  MRED as distributed by MLS GRID #07692766 Report a problem | ||
| 7/6/2011 | Listed for sale | $19,000-4.5%$20/sqft |
Source: Keller Williams #07692766 Report a problem | ||
| 12/8/2010 | Listing removed | $19,900$21/sqft |
Source: NRT Chicago #07667962 Report a problem | ||
| 11/3/2010 | Listed for sale | $19,900$21/sqft |
Source: NRT Chicago #07667962 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $8,201 +82.3% |
| 2023 | $949 +2.6% | $4,499 |
| 2022 | $925 +2.3% | $4,499 |
| 2021 | $905 -53.7% | $4,499 -48.7% |
| 2020 | $1,955 -1.3% | $8,777 -11% |
| 2019 | $1,981 +1.7% | $9,862 |
| 2018 | $1,948 +2.6% | $9,862 +11.8% |
| 2017 | $1,898 +7.5% | $8,818 |
| 2016 | $1,766 +9.3% | $8,818 |
| 2015 | $1,616 +7.1% | $8,818 +8.4% |
| 2014 | $1,509 +2% | $8,135 |
| 2013 | $1,480 +1.4% | $8,135 |
| 2012 | $1,460 +28.6% | $8,135 -13.4% |
| 2011 | $1,135 +18.4% | $9,389 |
| 2010 | $959 +14% | $9,389 |
| 2009 | $841 +2.8% | $9,389 -1% |
| 2008 | $818 +3.2% | $9,481 |
| 2007 | $793 +0.8% | $9,481 |
| 2006 | $787 -5.1% | $9,481 +4.1% |
| 2005 | $829 +32.6% | $9,111 |
| 2004 | $626 +184.7% | $9,111 |
| 2003 | $220 -11.6% | $9,111 +42.2% |
| 2002 | $249 -56% | $6,408 |
| 2001 | $564 +66.8% | $6,408 |
| 2000 | $338 +0% | $6,408 +32.2% |
| 1999 | $338 | $4,847 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: West Englewood
Nearby schools
GreatSchools rating
- 5/10Earle Elementary SchoolGrades: PK-8Distance: 0.6 mi
- 7/10Lindblom Math & Science Academy High SchoolGrades: 7-12Distance: 0.4 mi
Schools provided by the listing agent
- Elementary: O'toole Elementary School
- Middle: O'toole Elementary School
- High: John Hope College Preparatory Se
- District: 299
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Illinois
- Cook County
- Chicago
- 60636
- West Englewood
- 1647 W 59th St
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