8307 South Burley AvenueChicago, IL 60617Price: $299,999

Classic Chicago brick two-flat with arched windows and original decorative brickwork, updated inside and ready for its next owner. With 7 total bedrooms across two full-floor units, this building works equally well as a turnkey investment or an owner-occupied home with rental income to help cover the mortgage. Both units have been refreshed with wood-look laminate flooring throughout, fresh neutral paint, and updated baths, and every room gets natural light from oversized windows. The 4-bedroom, 1-bath unit and the 3-bedroom, 1-bath unit each have their own kitchen with a stainless gas range, vented range hood, mosaic tile backsplash, dark stone-look countertops, and tile flooring. One kitchen has soaring ceilings. Both bathrooms feature new vanities and tiled tub surrounds. Out back, each level has its own private deck or porch overlooking a large fenced yard with a mature shade tree, a rare amount of outdoor space for a city two-flat. The 4-bedroom unit is rented at $1,600/month. The owner currently occupies the 3-bedroom top-floor unit, which will be delivered vacant, so a buyer can move right in or rent it out at an estimated $1,500/month. That's projected rent of $3,100/month ($37,200/year) with the updates already done. Schedule your showing today.