2318 S Homan Avenue
2318 S Homan Ave is a well-maintained and thoughtfully updated 6-unit multifamily investment property located in the heart of Chicago's vibrant Little Village neighborhood. This solid brick building has seen extensive capital improvements, presenting an excellent opportunity for a savvy investor seeking both strong in-place cash flow and long-term upside. Each apartment is equipped with newer furnaces and hot water heaters, copper plumbing throughout, and updated kitchens featuring newer stoves, refrigerators, and select cabinet upgrades. The building has been fully updated with new electrical service, conduit and wiring with individual electrical panels for each unit. Exterior improvements include tuckpointing and a newly constructed two-car garage. There is also an opportunity to add a legal 7th unit in the unfinished attic space that spans the entire building. With stable operations and clear potential for rent growth through lease renewals, this property offers the ability to further enhance returns while benefiting from a well-improved asset. A strong multifamily investment with attractive current income and long-term appreciation potential-an excellent addition to any real estate portfolio.
- Manolo's Tamales 0.3 mi
- Doña Torta Restaurant 0.4 mi
- Jacaranda 0.4 mi
- McDonald's 0.5 mi
- Taqueria Los Comales 0.5 mi
- La Chapatta Grocery 0.5 mi
- Mobil Mart 0.3 mi
- La Moreliana 0.4 mi
- Cermak Fresh Market 0.4 mi
- Supermercado La Chiquita 0.4 mi
- Shell 0.4 mi
- Cermak Food Market 0.6 mi
- Limas Park 850 ft
- Homan Park 0.2 mi
- Park No. 519 0.3 mi
- Shedd Park 0.3 mi
- London Park 0.5 mi
- Miami Park 0.6 mi
- Dunkin' 0.3 mi
- Green Tomato Cafe 0.5 mi
- Bueno Days 0.6 mi
- Starbucks 0.6 mi
- Monday Coffee Co. 0.7 mi
- Dunkin' 0.7 mi
Every event we have for this address, straight from the MLS.
Real answers about this home — pricing, schools, what to ask, anything.
Stand in the kitchen.
See the light at 4pm.
Photos can only do so much. Pick a time — we'll meet you at the door.
MLS data provided through MLS GRID · MRED MLS · MLS# MRD12553916