10358 S Torrence Ave
Chicago, IL
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 and a 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. 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 so tenants control their own usage, alongside a centralized heating system and a single master water meter and water heater. The spacious unit layout, detached 2 and a half 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. Being sold AS-IS