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10358 S Torrence Ave , Chicago, IL 60617
$249,900
Est. Payment: $1,350.00/mo
5 Bed
2 Bath
0.1 Acres
Status: closed | Days on site: 11
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61080 - 256537,1018561
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House Description

BACK ON THE MARKET Welcome to this rock solid well-maintained brick two-flat being sold AS-IS, proudly cared for by the same hardworking couple for decades. Perfectly situated on the Torrence Avenue corridor, this building offers an ideal layout featuring a 3-bedroom / 1-bathroom apartment on the second floor. Smarter third bedroom perfect for baby room or conversion to home office. 2-bedroom / 1-bathroom apartment on the first floor. Room paint in both units has just been freshened up and they are completely move-in or rent-ready! Peace of mind comes standard here with massive recent capital improvements, offering an excellent opportunity for both owner-occupants and investors. Live in one unit while generating rental income from the other, or add a solid income-producing property to your portfolio. This property has benefited from numerous improvements over the years, including a new flat roof and gutter system installed in May 2026, replacement gutters on the house and garage in July 2022, the water heater replaced in February 2023, and a chimney liner replacement in February 2018 serving the furnace and water heater. A major renovation completed in 2017 included replacement of walls, ceilings, flooring, and kitchen cabinetry on both the first and second floors (with the exception of the first-floor kitchen walls and ceiling), along with electrical and plumbing upgrades brought up to code. Assessor square footage does not reflect interior measured living space. Measurements are approximate and provided for marketing purposes. Buyer to verify. The pitched roof and garage roof were also replaced as part of the 2017 renovation. The mechanical setup features independent unit electric meters and gas meters (2nd floor gas meter controls cooking gas only), alongside a centralized heating system and a single master water meter and water heater. The spacious unit layout, detached 2 car garage with storage/work area, and substantial capital improvements make this property an attractive option for buyers seeking value and long-term peace of mind. Conveniently located near schools, parks, shopping, transportation, and major expressways, this is a fantastic opportunity to own a versatile multi-unit property with strong income potential. Market rents suggest the opportunity for approximately $1,400/month rental income from one unit, making this an excellent house-hacking opportunity. Home inspection performed 7/31/26 suspected termites in basement. This was confirmed by termite and structural inspection 8/1/2026. Structural report found no damage. Full treatment for termite remediation was completed by licensed professional 8/7/2026. Treatment 2 year warranty provided.

Highlights

Listed by Ruben Gomez , 312-415-4801 Keller Williams Preferred Rlty , 708-798-1111. Midwest Real Estate Data mls logo

Property Type

Multi-Family

Lot/Acreage
0.1

Year Built

1913

County

Cook

Area

CHI - South Deering

School District

299

Listing ID

12670882

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:5
  • ▪ Bathrooms:2
Appliances:CO Detectors,Ceiling Fan(s)
Basement:Unfinished,Full
Water:Lake Michigan

Exterior Features

Lot:Corner Lot
Lot Dimensions:30X125
Garage Capacity:2
Roof:Asphalt,Rubber
Sewer:Public Sewer
Parking Features:Garage Door Opener,Yes,Garage Owned,Detached,Garage
Principal Interest
$1,350
Taxes
$137

Home Price

$249,900

Loan Details

30 yrs
7.148%

Down Payment

20%
$49,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,350.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,350.00 $137.15 $0.00 $1,487.15
Yearly $16,200.04 $1,645.80 $0.00 $17,845.84
Total $486,001.10 $49,374.00 $0.00 $535,375.10
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Chicago, IL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MRED as of the date listed below. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to the MLS GRID as of the date listed below. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability. Some listings have been excluded from this website.

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Data last updated: 2026-11-02T23:24:05.000Z

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