4162 South Wells Street Chicago, IL 60609

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Added: Jun 13 Updated: Jul 22 at 2:07AM Checked: Jul 22 at 2:07AM

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Investment Insights

Based on property information with market context.

This newly renovated two-unit residential building was fully refreshed in 2023 and features two separate units. Unit 1 is a duplex-down layout with 5 bedrooms and 3 full bathrooms and is currently rented under a one-year lease. Unit 2 offers 3 bedrooms and 2 full bathrooms and is available for immediate residency, whether for a tenant or as an owner-occupied setup.

Improvements since 2023 include a new washer in Unit 1, a new tankless water heater in Unit 2, a new rear fence, and freshly painted interiors for both units.

The property is configured to operate as a straightforward income-producing asset, with current rent and annual rental income provided in the listing materials.

Key Highlights

• Fully renovated 2023 two‑unit building in Bronzeville
• Unit 1: 5 bedrooms and 3 full bathrooms; currently leased for $2,500/month (one‑year lease)
• Unit 2: 3 bedrooms and 2 full bathrooms; available for immediate residency

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FAQs

What type of property is this?

Duplex - Newly renovated two-unit building offers one leased unit and one available unit, with recent updates including tankless hot water.

Where is this duplex located?

The property is located at 4162 South Wells Street Chicago, IL.

What is the asking price?

The asking price for this property is $525,000.

What are key features of this property?

This property features: Fully renovated 2023 two‑unit building in Bronzeville; Unit 1: 5 bedrooms and 3 full bathrooms; currently leased for $2,500/month (one‑year lease); Unit 2: 3 bedrooms and 2 full bathrooms; available for immediate residency