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Listed by Misael Chaconof Beycome Brokerage Realty LLC
$495,000
Est. payment /mo
9 Beds
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12652223
Bedrooms 9
Year Built 1888
Annual Tax Amount $5,081
Tax Year 2023
Lot Dimensions 100x100
Property Sub-Type Two to Four Units
Property Description
Large brick 3-unit investment opportunity with major upside potential. Property previously underwent extensive renovation work including updated kitchens, bathrooms, refinished hardwood floors, recessed lighting, newer HVAC systems, updated mechanicals, newer appliances, and exterior improvements. Spacious layouts with strong rental and value-add potential. Interior photos reflect prior renovation progress and previously improved condition, giving buyers visibility into the property's upside after completion. Property currently requires repair completion. Ideal opportunity for investors, rehabbers, landlords, seeking multifamily upside in a rapidly improving area. Property features include: Three spacious 3-bedroom, 1-bath units Large backyard Newer porch Laundry hookups in each unit Separate utilities Strong rental income potential Easy access to downtown, expressways, hospitals, and transportation Recent renovated multifamily properties nearby have sold at significantly higher values. For example, nearby 2-unit property 3107 W. Flournoy St reportedly sold around after renovation, highlighting the potential upside for larger multifamily properties in the area. Buyer responsible for verifying room counts, zoning, permits, violations, condition, and redevelopment potential.
Location
State IL
County Cook
Rooms
Basement Unfinished, Partial
Interior
Heating Natural Gas
Fireplace N
Exterior
View Y/N true
Building
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Condo
Special Listing Condition Standard
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Joanna Lewkowicz
Designated Managing Broker | Owner | 471.018027 471018027
+1(708) 963-0011 | joanna@boutiquehomerealty.com