Homes for sale - 427 E 50th Street, Chicago, IL 60615

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Joanna Lewkowicz

joanna@boutiquehomerealty.com +1(708) 226-4848

$615,000

Est. payment - /mo

7 Beds

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Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 12351422

Style Greystone

Bedrooms 7

Year Built 1898

Annual Tax Amount $5,377

Tax Year 2023

Lot Dimensions 3,075 SQ FT

Property Sub-Type Two to Four Units

Property Description

Amazing Bronzeville/Washington Park Court Greystone 2 flat with a 4 bedroom apartment and a 3 bedroom apartment. Vintage with all of today's modern amenities - central air, newer plumbing, electrical, windows, HVAC system, roof, tuckpointing, decking system, formal dining rooms, gorgeous original woodwork and so much more! An incredible chance to acquire a piece of Chicago's rich history and promising future! This stunning 2-story Greystone, built in 1898 from Bedford Limestone sourced from nearby quarries in Indiana, is located at the entrance of the picturesque historic Washington Park Court. The roof has been recently resurfaced, and the back porch has been completely rebuilt, complemented by a detached patio and bar area perfect for outdoor gatherings and summer fun! This well-maintained home features numerous modern updates while preserving many of its original dynamic characteristics, including beautifully preserved hardwood floors throughout both levels. The property also includes a brick 2-car garage and a full unfinished basement that spans the entire building, with a walkout leading to the well appointed patio. Acquiring this property presents an immediate opportunity to transform your investment into a profitable venture, with potential earnings from Airbnb or an elevated rental or a possible 3rd apartment in the lower level. Additionally, you could restore this multi-family residence back to its original Grand Boulevard single-family home status through a comprehensive renovation, creating significant generational equity for you and your family, Especially with the influx of synergy from upcoming developments like the new Northwestern Medicine Bronzeville outpatient center set to open in fall 2025 and The Obama Presidential Center scheduled for spring 2026! Furthermore, this home's prime location offers convenient access to various attractions: trendy Hyde Park, 7 minutes from the Chicago White Sox, 9 minutes from the Griffin Museum of Science and Industry, 3 minutes from XS Tennis and Education Foundation, 4 minutes from the University of Chicago, IIT, 10 minutes to Chicago's scenic Lakefront, and only 25 minutes from the vibrant Magnificent Mile in downtown Chicago! Schedule your private tour today and start imagining your serene dream home in the heart of Chicago! Showings only by appointment.

Location

State IL

County Cook

Community Street Lights, Street Paved, Sidewalks

Zoning MULTI

Rooms

Basement Unfinished, Exterior Entry, Concrete, Storage Space, Full

Interior

Heating Natural Gas, Forced Air, Sep Heating Systems - 2+, Indv Controls

Fireplace N

Exterior

Garage Spaces 2.0

View Y/N true

Roof Type Flat

Building

Sewer Public Sewer

Water Lake Michigan, Public

Structure Type Brick,Stone

New Construction false

Schools

School District 299, 299, 299

Others

Ownership Fee Simple

Special Listing Condition List Broker Must Accompany

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Listed by Maribel Selva • Coldwell Banker Realty

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Joanna Lewkowicz

Designated Managing Broker | Owner | 471.018027 471018027

+1(708) 226-4848 | joanna@boutiquehomerealty.com

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427 E 50th Street Chicago, IL 60615

Joanna Lewkowicz

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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427 E 50th Street