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5806 S Talman Ave Chicago, IL 60629

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For Sale
$154,900

Two-unit property in Gage Park with potential for cash flow.

Property Features for 5806 S Talman Ave

General Information

Interior features
Interior Feature 1, : "Natural Gas"

Building Details

Year built
1908

Source: RE/MAX Premier Agent Ryan Smith

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Gage Park Two-Unit Property

Located in Gage Park, this two-unit property presents opportunities for various uses. The main level unit includes a kitchen, two bedrooms, and a living room. The second level unit is more spacious, featuring a larger living room, a formal dining room, three bedrooms, and one bath. The building requires updates but offers potential for generating passive cash flow as a multi-unit property. Alternatively, it could be converted into a single-family residence or used as an owner-occupied property with rental income from the other unit.
Insight Report Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.6903395
Latitude
41.7879725

FAQs

What type of property is this?
Duplex - Two-unit property in Gage Park with potential for cash flow.
Where is this duplex located?
The property is located at 5806 S Talman Ave Chicago, IL.
What is the asking price?
The asking price for this property is $154,900.
What are key features of this property?
This property features: - Two-unit property in the desirable Gage Park neighborhood.; - Priced under $200K, a rare find for a multi-unit in this area.; - Potential for passive cash flow through renting both units.
More about this property
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