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Listed by Quinn Evansof Essex 312, LLC
$975,000
Est. payment /mo
8 Beds
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12500488
Bedrooms 8
Year Built 1925
Annual Tax Amount $12,033
Tax Year 2023
Lot Dimensions 50'X125'
Property Sub-Type Two to Four Units
Property Description
Essex 312, LLC has been exclusively engaged to market for sale 5677-79 W. Higgins Ave., a center-entrance jumbo 4-unit apartment building in Chicago's Jefferson Park neighborhood. The offering presents a tremendous opportunity for a rehabber/developer to acquire a project-ready asset in one Chicago's most highly sought-after northwest side neighborhoods. Notably, the Subject Property will be delivered vacant at closing - allowing an investor to start project work immediately upon closing. The Subject Property is comprised of four (4) spacious 2 Bed/1 Bath units, each featuring a large separate living and dining room. Typical floor plans are provided in the "Additional Information" section at the end of the offering memorandum. Recent capital improvements include a replaced sanitary line, a newer electrical service, replaced windows, a newer high-capacity common hot water heater, copper plumbing supply lines to all units, and PVC waste pipes from all units. The property also features a well-maintained, covered, rear porch and includes a large four (4) car brick garage. The offering presents an excellent opportunity for an investor to capitalize on the prior owner's significant capital investment across many of the major building systems - effectively reducing the project costs towards delivering a "new construction-like" asset in a neighborhood where renter demand for high-quality newer housing is exceptionally strong.
Location
State IL
County Cook
Rooms
Basement Unfinished, Full
Interior
Heating Steam
Fireplace N
Exterior
Garage Spaces 4.0
View Y/N true
Building
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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Joanna Lewkowicz
Designated Managing Broker | Owner | 471.018027 471018027
+1(708) 226-4848 | joanna@boutiquehomerealty.com