$370,000
$399,999
7.5%For more information regarding the value of a property, please contact us for a free consultation.
9 Beds
5 Baths
SOLD DATE : 04/17/2023
Key Details
Sold Price $370,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11757073
Sold Date 04/17/23
Bedrooms 9
Year Built 1903
Annual Tax Amount $3,680
Tax Year 2021
Lot Dimensions 27X170
Property Sub-Type Two to Four Units
Property Description
This Gorgeous Greystone sits across the street from the University of Chicago and blocks away from Hyde Park. East Woodlawn is an amazing investment to fully renovate and keep a flagship property. Preliminary design in our opinion would be optimized with creating (3) 3bed 2bath units and come in at an after repair value somewhere between $875k to $1million dollars. This property is being sold as is, and requires a gut renovation with plans and permits. Violations exist, you will need plans and permits!!! You also have the ability to possibly do a 4th unit in the basement if you really want to do some heavy lifting. Side lot is not included. (Each unit design is not currently 3 bed 2bath, the design promoted here is assuming someone gut renovates it and creates the 3bed 2bath design.)
Location
State IL
County Cook
Area Chi - Woodlawn
Zoning MULTI
Rooms
Basement Full, Walkout
Interior
Heating Natural Gas
Fireplace N
Exterior
Parking Features Detached
Garage Spaces 2.0
Building
Sewer Public Sewer
Water Lake Michigan
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition List Broker Must Accompany
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Bought with Ryan Rausch • Dream Town Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "