Bought with Patrick Teague of Coldwell Banker Realty
$375,000
$374,995
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12 Beds
SOLD DATE : 08/01/2024
Key Details
Sold Price $375,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11994154
Sold Date 08/01/24
Bedrooms 12
Year Built 1890
Annual Tax Amount $4,333
Tax Year 2022
Lot Dimensions 4,347
Property Sub-Type Two to Four Units
Property Description
This 3-unit property includes 12 beds and 3 full baths. Each unit features 4 spacious bedrooms, 1 full bath, large living rooms, and a large window exposure ensuring an abundance of natural sunlight. Although the interior requires repairs, envision the lucrative rewards of renovating and building equity. Similar homes in area are selling around $700,000+ w/ rentals in the area going for $2,000+. This is your chance to capitalize on great passive cash flow by renting out all three units. The strategic location on historic Wabash Ave, mere blocks from Washington Park, close to Dan Ryan and the Red line, makes this an irresistible investment. Backyard is offering ample space for outdoor entertainment, gardening, and the potential for additional construction.
Location
State IL
County Cook
Rooms
Basement Full
Interior
Heating Natural Gas
Fireplace N
Exterior
View Y/N true
Building
Water Lake Michigan
New Construction false
Schools
High Schools Oak Lawn Comm High School
School District 299, 299, 229
Others
Ownership Fee Simple
Special Listing Condition None
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NEARBY SCHOOLS & BUSINESSES
676 N Michigan Ave. Ste 3010, Chicago, IL, 60611, United States