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Listed by Tamara Verdinof Prello Realty
$ 290,000
Est. payment | /mo
7 Beds
$ 290,000
Est. payment | /mo
7 Beds
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12388733
Bedrooms 7
Annual Tax Amount $2,764
Tax Year 2023
Lot Dimensions 3050
Property Sub-Type Two to Four Units
Property Description
Value-Add 2-Unit in Woodlawn - Great for Investors or House Hackers Located in the rapidly developing Woodlawn neighborhood, this 2-unit building offers immediate income with room to grow. The property was cosmetically rehabbed in 2022, including updates such as new flooring, fresh paint, and updated kitchen cabinets. The top-floor unit is a spacious 4 bed / 1 bath, currently tenant-occupied with guaranteed rent payments through CHA. The first-floor unit is a vacant 3 bed / 1 bath, perfect for an owner-occupant or ready to lease. An unfinished basement offers excellent value-add potential. Zoned to allow for a 3rd unit conversion or the option to duplex down with the first-floor unit-providing flexibility for increased cash flow or a larger living space. Great opportunity for investors or owner-occupants looking to build equity and generate rental income in one of Chicago's most promising neighborhoods.
Location
State IL
County Cook
Zoning MULTI
Rooms
Basement Unfinished, Full
Interior
Heating Natural Gas
Fireplace N
Exterior
View Y/N true
Building
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
Elementary Schools Fiske Elementary School
Middle Schools Fiske Elementary School
High Schools Hyde Park Career Academy Senior
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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676 N Michigan Ave. Ste 3010, Chicago, IL, 60611, United States