1217-1219 1/2 S Chicago Ave

Features

Property Details

About this home

Stop Renting. Start Owning & Investing! Unique homeownership and investment opportunity designed for renters ready to transition into ownership! This spacious three-unit (triplex) property offers the perfect chance to "house hack"—live in one unit and let the other two pay your mortgage! Located in the heart of Freeport, this 2-story frame home features a versatile layout with a total of 4 bedrooms and 3 bathrooms across approximately 2,037 sq. ft.. Property Highlights: Unit 1: Large 3-bedroom, 1-bathroom unit (5 total rooms). Unit 2: 1-bedroom, 1-bathroom unit (4 total rooms). Unit 3: Efficient studio/1-bedroom unit with 1 bathroom (3 total rooms). Bonus Space: Full 1,367 sq. ft. unfinished basement, perfect for tenant storage or laundry facilities. Outdoor Living: Includes a classic open front porch and sits on a generous 75' x 115' rectangular lot. Owner-Focused Features: This property is equipped with Forced Warm Air (FWA) heating and individual air units for comfort. It is a value-add gem; while it is in "Fair" condition, it offers the perfect canvas for your personal updates to build immediate equity. Program Opportunity: This property qualifies for a unique homeownership program designed to help renters transition to ownership with minimal upfront cash and a simplified approval process. Purchase Price: $225,000. Estimated payments as low as $1,595/month. Financial Flexibility: Your security deposit may be applied toward the down payment, and your first month’s rent can become your first mortgage payment. This program is designed for hardworking buyers, including the self-employed, 1099 earners, small business owners, ITIN holders, and those rebuilding credit. If you qualify to rent, you may qualify to own. Program availability and terms vary. All approvals subject to income verification and underwriting guidelines. Equal Housing Opportunity.