812 S Miller Street 3N, Chicago, IL 60607

$357,500 Asking Price

3 beds
2 baths
1,300  sqft
Built in 1988

This is a prime investment opportunity in University Village/Little Italy, located just a block from the UIC campus. Unit 3N is a spacious 3-bedroom, 2-bath condo with 1,300 square feet of living space. The unit features premium finishes such as granite countertops, a fireplace, a pantry, and a charming Juliet balcony, all within an all-brick, Flexicore building with a newer roof. A parking space is also included. Currently rented to UIC students for $2,550 per month, this property provides reliable cash flow with a lease in place until July 31, 2025. Tenants pay all utilities, ensuring consistent and predictable income with minimal operating expenses. The unit's location near UIC ensures high demand, making it easy to rent year after year, and its proximity to local amenities adds to its appeal for both students and professionals. This is a turnkey investment requiring no immediate work, as the property is already tenant-occupied and income-producing. For investors looking to expand their portfolio, the adjacent Unit 3S, owned by the same seller, is also available for purchase. This presents a unique opportunity to secure two income-generating properties in a sought-after rental market.

Features & Amenities

Interior

Rooms:
No additional rooms
Appliances:
Range, Microwave, Dishwasher, Refrigerator, Disposal
Dining:
Combined w/ LivRm
Laundry:
Common Area
Basement:
None
A/C:
Central Air
Heating:
Natural Gas, Forced Air
Fireplace:
Wood Burning, Fireplaces: 1
Disability Feature:
None

Exterior

General:
Brick
Parking:
Assigned, Parking spaces: 1

Construction

Roofing:
Asphalt

Location

HOA Amenities:
Coin Laundry, Water, Parking, Insurance, Exterior Maintenance, Scavenger, Snow Removal, 280.0, Monthly
Originating MLS:
mred
School District:
299
County:
Cook

Lot

Zoning:
17174200621007

Utilities

Utilities:
Circuit Breakers
Water:
Lake Michigan
Sewer:
Public Sewer

Financial

Source:
mred
Ownership:
Condo

This listing courtesy of:
Baird & Warner, Felicia Johnson

About Chicago, IL

Housing

Number of Units
1,208,010
Median Home Value
$320,169
Median Rent
$1,131

55.74% of housing units are renter occupied.

9.90% are vacant.

Commute

Car
44.88%
Public Transportation
19.46%
Walk to Work
4.26%
Work from Home
29.59%
Other
0.70%

The median travel time to work is 27 minutes.

People

Population
2,658,686
Median Age
36.40
Median Household Size
2.54

Education

High School
22.12%
Associate’s Degree
5.76%
Bachelor’s Degree
24.28%
Graduate Degree
17.51%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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