2904 S Wells Street
Excellent investment opportunity in the desirable neighborhood! This well-maintained multi-unit property features a total of 7 residential units , offering multiple streams of rental income. The front building includes a 3 bed/1 bath unit on the first floor, a 2 bed/1 bath unit on the second floor, and a 1 bed/1 bath unit on the third floor, while the rear building consists of three 2 bed/1 bath units. Additional income is generated from the coach house unit and parking space. The property is in solid condition, with 6 units featuring central heating and cooling and 1 unit equipped with central heat and window AC. Current rents are below market and have not been increased in years, presenting a strong value-add opportunity for investors to enhance cash flow through future rent adjustments. The versatile unit mix appeals to a wide tenant base and helps minimize vacancy. Conveniently located near transportation, restaurants, and local amenities, this is an ideal asset for both seasoned investors and those seeking stable long-term income.
- Furama Restaurant 300 ft
- Dragon Bowl 950 ft
- Ferro's 950 ft
- Lawrence Fish Market Chinatown 1000 ft
- Koto Hibachi 0.2 mi
- Franco’s Ristorante 0.2 mi
- Fat Lee Supermarket 0.2 mi
- Shell 0.2 mi
- Citgo 0.4 mi
- Silver State City Food Company 0.5 mi
- 7-Eleven 0.5 mi
- Best Choice Oriental Grocery 0.6 mi
- Stuart Field 0.3 mi
- Daniel Hale Williams Park 0.3 mi
- 26th Street Park 0.3 mi
- Catholic Community of St. James Playlot 0.4 mi
- Sintic Park 0.4 mi
- Healy School Park 0.4 mi
- John + Pat Anderson's Cafe 0.4 mi
- Global Grounds Cafe 0.5 mi
- Dunkin' 0.7 mi
- Oriental Tea House 0.7 mi
- South Loop Cafe 0.7 mi
- Starbucks 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# MRD12614240