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$410,000
Est. payment /mo
10 Beds
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12042838
Bedrooms 10
Year Built 1922
Annual Tax Amount $5,141
Tax Year 2022
Lot Dimensions 35 X 125
Property Sub-Type Two to Four Units
Property Description
LOCATION, LOCATION, LOCATION! A HALF MILE FROM THE UNIVERSITY OF CHICAGO MEDICAL AND UNIVERSITY CAMPUS 1 MILE FROM THE OBAMA LIBRARY JUST WALK UP 60TH STREET AND YOU ARRIVE AT THE LIBRARY WALK A LITTLE FURTHER EAST AND YOUR AT THE MUSEUM OF SCIENCE AND INDUSTRY AND JUST BEYOND THAT THE LAKE FRONT AND BEACH! A 15 MINUTE DRIVE TO DOWNTOWN CHICAGO! THIS IS UNIQUE OPPORTUNITY FOR 203K REHAB LOAN LIVE IN ONE RENT THE OTHER 3 APARTMENTS FOR INCOME. TOO MANY EXIT OPTIONS: PERFECT FOR AN RENTAL HOLD, Airbnb, STUDENT HOUSING OR CONDO CONVERSION! THIS CHICAGO STYLE YELLOW BRICK 4 STORY BUILDING HAS VIEWS OF WASHINGTON PARK LOCATED ACROSS THE STREET. THE BUILDING REQUIRES RENOVATION AND REPAIR HOWEVER THE ESTIMATED AFTER RENOVATION VALUE (ARV) IS POTENTIALLY SUBSTANTIAL. THREE UNITS HAVE THREE BEDROOMS ONE BATH. THE GARDEN UNIT IS A ONE BEDROOM ONE BATH. ALL UNITS HAVE INDIVIDUAL FURNACE AND HOT WATER TANK. TENANT PAYS ALL UTILITIES. LARGE REAR YARD IDEAL FOR INSTALL OF GARAGE FOR ADDITIONAL INCOME. THIS IS A TRUE REHAB PROJECT FOR SEASONED PROFESSIONALS. REHAB WORK ESTIMATED IN THE HIGH SIX FIGURES. THIS MAY NOT BE A PROJECT FOR A NOVICE IT REQUIRES SIGNIFICANT (HEAVY) REHAB WORK. REFER TO THE CITY OF CHICAGO BUILDING REPORT VIOLATION REPORT. PRE-APPROVED SHORT SALE "AS IS"
Location
State IL
County Cook
Rooms
Basement Partial
Interior
Heating Natural Gas
Fireplace N
Exterior
View Y/N true
Building
Sewer Public Sewer
Water Public
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition List Broker Must Accompany
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Listed by Shiree Booker • Realty One Group Heartland