Attention Chicago!! New Multi-Family Investment Property Available!!

Cook County, Chicago, IL, 60637
Sold
Listed at: August 30th, 2023
Price
$157,500
ARV
$425,000
Gross Margin
$267,500
Sq. Footage
2464
Type
Multifamily
Parking
Detached Garage
Year build
1924
Lot size
acres
Bedrooms
5
Bathrooms
2
Half Bathrooms
0
Summary
  • Location: Situated in a desirable neighborhood, the property enjoys proximity to schools, parks, shopping centers, and convenient access to major thoroughfares. This location ensures a high demand for rental units, making it an ideal choice for an investment property.
  • Brick Exterior: The solid brick construction not only provides durability but also adds to the property's aesthetic appeal. A classic exterior with timeless charm sets the stage for various improvement possibilities.
  • Multi-Family Layout: Boasting a multi-family layout with separate entrances, this property offers a range of configuration options. Whether you're envisioning multiple rental units or a combination of rental and owner-occupied spaces, the layout accommodates diverse investment strategies.
  • Renovation Potential: While the property requires some renovation and updates, this presents an exciting opportunity to customize the interior spaces according to your vision. From modernizing kitchens and bathrooms to enhancing the overall living areas, the possibilities are endless.
  • Rental Income: With the local rental market on the rise, renovating this property into attractive, comfortable units could yield a steady stream of rental income. Investors can capitalize on the increasing demand for well-maintained, affordable housing options.
  • Fix and Flip Potential: For those with a flair for design and renovation, this property holds the potential for a rewarding fix-and-flip project. Adding modern amenities, stylish finishes, and enhancing the curb appeal could significantly increase its market value.
  • Financing Options: Given the property's location and potential, securing financing for renovations and improvements should be a straightforward process. Refinancing after renovation completion can lead to improved cash flow or a profitable resale.
  • Investor's Dream: Whether you're an investor seeking rental income or a real estate enthusiast looking for a hands-on project, this property offers the canvas for your aspirations.


Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Anthony Santoro

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Disposition manager