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Listed by Elizabeth Wrightof Elux Real Estate Corporation
$110,000
Est. payment /mo
7 Beds
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12417488
Bedrooms 7
Year Built 1903
Annual Tax Amount $2,110
Tax Year 2023
Lot Dimensions 25 X 124
Property Sub-Type Two to Four Units
Property Description
An incredible investor opportunity awaits in Chicago's vibrant New City neighborhood! This multi-unit property, primed for a significant value-add transformation, features a spacious second-floor unit with four bedrooms and one bathroom, alongside a generous first-floor unit offering three bedrooms and one bathroom. A full, unfinished basement provides ample potential for expansion or additional amenity space, allowing for creative vision and maximizing future rental income. Situated in an area with a strong rental market and ongoing community revitalization initiatives, this property is ideally priced for advantageous financing, including DSCR loans. While it requires substantial work, the upside for a savvy investor is immense in this burgeoning location. All offers are welcome and are subject to short sale/foreclosure approval. Tenant occupied 24-hour notice.
Location
State IL
County Cook
Rooms
Basement Unfinished, Full, Walk-Out Access
Interior
Heating Other
Fireplace N
Exterior
View Y/N true
Building
Sewer Public Sewer
Water Public
Structure Type Stone
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition Short Sale, In Foreclosure
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Michael Scanlon
Team leader | License ID: 475.188240
Team leader License ID: 475.188240