Description
Attention develpers -this is a prime value-add GREYSTONE opportunity with substantial upside. This oversized building is currently configured as a 2-unit property duplexed to the basement. The property features a total of 9 bedrooms and 3 bathrooms, providing an ideal layout for maximizing rental income once completed with ARV easily in the $400k range. Major progress has already been made, including: Framing completed, Partial plumbing, electrical, and ductwork installed. The true value lies in its flexibility and income potential: Convert to a 3-unit to significantly increase cash flow and overall valuation. Once completed, the property has the potential to generate substantial monthly rental income of over $5k per month, making it an excellent candidate for a long-term hold or profitable resale. Property is being sold as-is. Bring your vision and unlock the full potential of this high-yield asset.
Details
| MLS # | 12677859 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1906 |
| Days On Site | 70 |
| Listing Provided By | Blue Door Dave Inc | Jaskirat Vig |
Features
| Bed(s) | 9 |
|---|---|
| Bath(s) | 3 |
| Basement | Y |
Interior
| Rooms Total | 0 |
|---|---|
| Heating | Natural Gas |
Exterior
| Construction Materials | Brick, Limestone |
|---|
Parking
| Parking Features | Yes |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Year | 2023 |
|---|---|
| Tax Annual Amount | 1688 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60621 |
| Area | CHI Englewood |
| Listing VS Median (in 60621) | |
Price: $149,900 low | high Med: $109,500 On site: 70 low | high Med: 77 | |
Market Activity 60621
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60621 |
| Area | CHI Englewood |
| Listing VS Median (in 60621) | |
Price: $149,900 low | high Med: $109,500 On site: 70 low | high Med: 77 | |