$118,000
$99,900
18.1%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
2 Baths
3,484 Sqft Lot
SOLD DATE : 12/18/2020
Key Details
Sold Price $118,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 10937763
Sold Date 12/18/20
Bedrooms 5
Year Built 1910
Annual Tax Amount $3,481
Tax Year 2019
Lot Size 3,484 Sqft
Lot Dimensions 29 X 119
Property Sub-Type Two to Four Units
Property Description
This classic multi unit is the quintessential value add asset which will provide an amazing cash flow return, the building checks all the boxes, character, solid brick exterior, the right location and the right value, this will not last long! Each unit is very spacious with octagon living rooms, decorative fireplaces in each unit, there is a formal dining room to the rear of the building, the second floor unit offers three true bedrooms, first floor with two bedrooms. The current layout of the kitchen and dining room make this building even more versatile to add additional value as you can move the kitchen over and create an additional bedroom or convert the dining room into a 3rd/4th bedroom and expand the kitchens. This building has the space to get real creative! There is easy access to the high ceiling basement off of the first floor unit, the basement features higher ceilings which would make it an ideal duplex down and create an owners unit while expanding the second floor unit to maximize cash flow! Wood floors throughout the building, there is a small deck off the bedroom on the second floor unit, the list goes on, look at the potential here! If that was not enough the location makes this asset even more sough after, walk to Washington Park, Minutes from the Lakefront, University of Chicago, Dan Ryan, Red Line and much more!
Location
State IL
County Cook
Area Chi - Woodlawn
Zoning MULTI
Rooms
Basement Full, Walkout
Interior
Heating Natural Gas, Forced Air
Fireplace N
Building
Sewer Public Sewer
Water Lake Michigan
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition REO/Lender Owned
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Bought with Michael Havey • Re/Max Properties
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "