Investing in 3 flats for sale in Chicago’s southside.
Have you just started investing in Chicago’s distressed properties for sale? Many Chicago homeowners and people interested in flipping houses for profit or creating a rental property business may love Chicago real estate, but don’t understand the historic architecture.
3-flats for sale in Chicago’s southside neighborhoods are much more than simply a building with three rental units. The 3-flat is an iconic type of Chicago property. Nearly any Chicago southside or westside neighborhood will be lined with or dotted with these rental properties in rehabbed and distressed conditions.
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19th century and early 20th century 3 flats for sale.
Built in the late 19th century and early 20th century 2-flat and 3-flat apartment buildings are directly linked with the immigrant population that was drawn to Chicago’s stockyard, railroad, and other industrial jobs. 3-flat buildings are often built with brick or stone with gothic and Italianate style construction popular toward the end of the Victorian era.
Typically 3-flats for sale in Chicago’s southside has one flat per level, providing a more intimate feel both now and in the early 20th century. What was once highly sought after as a middle ground between tenant apartments and red brick Chicago bungalows, are now one of the most sought investment properties for sale in Chicago by landlords and fix and flip rehabbers. 3-flat properties are similar in style to San Francisco row houses and St. Paul Brownstones and are often found lining entire blocks providing some of the most curb appeal in Chicago architecture.
With detailed work brick decor, attractive cornices, and projecting bay windows, there is little doubt that 3-flats make for an amazing investment property in Chicago’s southside and westside neighborhoods, whether you are buying for a rental property or when flipping properties for profit in Cook County, IL.
URB Chicago has 2-flats, 3-flats, and 4-flats for sale in addition to other multi-family apartment buildings for sale in Chicago. We are Chicago’s most trusted seller of cheap houses for sale, distressed properties for sale, and vacant lots and buildings for sale.
With our owner financing, rehabbers can buy Chicago properties with low money down and affordable monthly payments.
Contact URB Chicago today is you are looking for 3-flats for sale in Chicago’s Southside and Westside neighborhoods.