https://www.google.com/maps/place/2724+S+Crowell+St,+Chicago,+IL+60608/@41.8440265,-87.657105,3a,75y,255.76h,86.86t/data=!3m7!1e1!3m5!1shk8kv88nhRDjCZJHU0IDhA!2e0!6shttps:%2F%2Fstreetviewpixels-pa.googleapis.com%2Fv1%2Fthumbnail%3Fcb_client%3Dmaps_sv.tactile%26w%3D900%26h%3D600%26pitch%3D3.1382710427571823%26panoid%3Dhk8kv88nhRDjCZJHU0IDhA%26yaw%3D255.76114054297443!7i16384!8i8192!4m16!1m9!3m8!1s0x880e2c4d26eadc8b:0x58f9a1645b7792f9!2s2724+S+Crowell+St,+Chicago,+IL+60608!3b1!8m2!3d41.8439595!4d-87.6572942!10e5!16s%2Fg%2F11c4kv9jth!3m5!1s0x880e2c4d26eadc8b:0x58f9a1645b7792f9!8m2!3d41.8439595!4d-87.6572942!16s%2Fg%2F11c4kv9jth?coh=205410&entry=ttu&g_ep=EgoyMDI0MDkyMy4wIKXMDSoASAFQAw%3D%3D

Rare 2-Unit Renovated Property In Bridgeport

  • $649,000
  • $324,500
  • / Unit

Rare 2-Unit Renovated Property In Bridgeport

2724 S Crowell St. Chicago IL 60608
Yearly Income $50,400
Yearly Expenses $11,269
Current Rents $50,400
Pro Forma Rents $54,000
  • 5
  • Bedrooms
  • 2
  • Bathrooms
  • 2000
  • Sq Ft
  • 1885
  • Year Built
  • 100%
  • Occupancy
  • 2
  • Parking
  • 2
  • Stories
  • Forced Air
  • Heating System
  • Central Air
  • Cooling System
  • Common, Free
  • Laundry
  • 5
  • Bedrooms
  • 2
  • Bathrooms
  • 2000
  • Sq Ft
  • 1885
  • Year Built
  • 100%
  • Occupancy
  • 5
  • Parking
  • 2
  • Stories
  • Forced Air
  • Heating System
  • Forced Air
  • Cooling System
  • Common, Free
  • Laundry

About the property

Investor’s Opportunity! This spacious, fully occupied two-flat in the heart of Bridgeport is a rare find for savvy investors seeking long-term returns. Both units have been meticulously updated, making it a truly turn-key property.

  • Unit 1 boasts 3 bedrooms, 1 bathroom, stunning new quartz countertops, a freshly renovated bathroom, new paint throughout, and a private deck leading to a low-maintenance turf backyard.
  • Unit 2 features 2 bedrooms, 1 bathroom, soaring vaulted ceilings, luxury vinyl flooring, brand-new appliances, and its own private deck for added appeal.

Additional highlights include a newly installed roof (2022), upgraded mechanical systems, and a large unfinished basement offering ample storage space. Located on a charming, tree-lined street, this fully rented property is a prime investment you won’t want to miss!

About the neighbourhood

  • Bridgeport, one of Chicago's most historic and evolving neighborhoods, offers a unique blend of residential charm and urban convenience, making it an attractive market for real estate investors. Known for its rich history, diverse community, and proximity to downtown Chicago, Bridgeport has become a hotspot for both renters and homebuyers seeking affordable housing with easy access to the city's core. As the neighborhood continues to experience growth and revitalization, property values remain competitive, offering investors solid potential for appreciation. With a steady demand for rentals and a variety of property types, from traditional two-flats to modern developments, Bridgeport provides opportunities for long-term cash flow and value growth. Its walkable streets, proximity to the South Loop, and easy access to public transportation further enhance its appeal as a prime location for investment.

Municipality - Investor Guide

Chicago
Transfer StampsPre Sale InspectionYearly Rental Inspection
Buyer: YCost: $7.50 / $1000Required: NoRequired: Yes
Seller: YCost: $3.00 / $1000Cost: $0Cost: Varies
Notes
All rental buildings with 4 or more units must be registered with the city; Inspection may occur upon notice from Building Department. Call City to confirm if inspection is needed prior to closing.

For a list of all Municipality requirements visit our Municipality Requirements Page

Property Documents

Rent Roll
Expenses & UT
PCR
Sales Comps
Rent Comps

Property Financials

View current and future return metrics based on customizable inputs. "Annual Net Income", "Monthly Cash Flow", "Cash on Cash Return", "Equity Value", and "Equity Multiple" are based off of the "Year 2 Pro Forma" column inputs.

Property Current

This column shows the current financial state of the subject property. Some of these inputs may be estimations.

Year 2 Pro Forma

This column is based off of market rents and assumes proper property performance.

Debt Service

This column allows the user to add custom financing scenarios.

Mortgage Calculator

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  • Down Payment
  • Loan Amount
  • Monthly Mortgage Payment
  • Monthly Property Tax
  • Monthly Property Insurance
  • Monthly HOA Fees
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Utility Table

Location
Responsibility
Meter number
Usage TTM
Rate
Common Areas
T
-
-
-
Units
T
-
-
-
Source
Landlord Estimate
Notes
Tenant Responsibility
Location
Responsibility
Measured In
Usage TTM
Cost
Common Areas
L
Gallons
-
-
Units
L
Gallons
-
-
Source
Water Bill
Notes
Water Bill Includes Garbage
Location
Responsibility
Measured In
Usage TTM
Cost Per Unit
Common Areas
T
Therms
-
-
Units
T
Therms
-
-
Source
Landlord Estimate
Notes
Tenant Responsibility
Location
Responsibility
Container Size
Monthly Rate
Common Areas
L
2 Cubic Yards
-
Units
L
2 Cubic Yards
-
Source
Landlord Provided
Notes
Included in Water Bill
Total Yearly Utitlity Cost:  $2,340.00

*This Utility Table does not include snow removal or lawn care costs, if any. For more details on snow/lawn expenses, see the "Expenses" attachment located under the "Property Documents" section.

Property Taxes

Currently No Tax data found for this property. Please Check back later.

Walkscore

Nearby

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Exceptional 1 reviews
Chicago Shaolin Temple (0.2 mi)
Exceptional 2 reviews
Education
Choate Studio (0.11 mi)
Exceptional 1 reviews
Little Einsteins Academy (0.13 mi)
Exceptional 1 reviews
St Barbara Catholic School (0.26 mi)
0 reviews
Food
The Duck Inn (0.15 mi)
Good 623 reviews
Makowski's Real Sausage (0.27 mi)
Exceptional 4 reviews
New Process Baking A Division of Metz Bakery (0.28 mi)
0 reviews
Health & Medical
Advanced Medical Associates (0.14 mi)
Exceptional 1 reviews
Kirbee Chiropractic (0.16 mi)
0 reviews
Dr Beverly Henderson (0.17 mi)
Exceptional 1 reviews

Contact Information

Marcin Chojnacki

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Property Pricing

Based on Citypoint’s communication with the seller, the price point listed is a price that the seller should be willing to transact at. Any terms for, or against, the seller can help/hurt this price level.

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