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Michael Vrielink

mvrielink@chicagorea.com +1(312) 970-9476

$ 425,000

Est. payment | -/mo

9 Beds

3 Baths

3,484 Sqft Lot

Save

$ 425,000

Est. payment | -/mo

Save

9 Beds

3 Baths

3,484 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12724446

Bedrooms 9

Year Built 1927

Annual Tax Amount $6,469

Tax Year 2024

Lot Size 3,484 Sqft

Lot Dimensions 3720 SQ FT

Property Sub-Type Two to Four Units

Property Description

OWNER-OCCUPANT & INVESTOR VALUE-ADD OPPORTUNITY IN SOUTH SHORE! Not turnkey. Not overdone. Full of potential. This solid all-brick 3-flat offers approximately 3,200 sq ft, 9 bedrooms, 3 baths, separate utilities and a full basement-with an opportunity to create value through cosmetic renovation. Owner-occupants: Live in one unit while renting the other two, with anticipated rental potential of approximately $4,600/month from the two rented units, subject to market conditions and tenant demand. Investors: Three units create multiple income streams with anticipated rents of approximately $2,300 per unit, or $6,900/month when fully rented. The strategy is simple: BUY RENOVATE RENT BUILD EQUITY Financing options may include FHA 203(k), Conventional Rehab, Cash, or Hard Money, subject to lender/investor approval, property eligibility, borrower qualifications and applicable loan terms. Located in South Shore amid significant public and private investment, including INVEST South/West, the Obama Presidential Center, THRIVE Exchange and 71st Street corridor investment. Future impact is not guaranteed, but the level of investment makes this an opportunity worth a closer look. This is where the opportunity begins: bring your vision, improve the property and create the value. Short sale. Sold AS-IS. Subject to lender approval. If you're looking for a property where the upside comes from what YOU do with it, don't let this one pass without running the numbers. Anticipated rents are estimates for illustrative purposes only. Actual rents, expenses, renovation costs and values may vary. Financing is subject to lender approval, borrower qualification, property eligibility and applicable terms. Buyer to independently verify all information and projections.

Location

State IL

County Cook

Area Chi - South Shore

Zoning MULTI

Rooms

Basement Partially Finished, Full

Interior

Heating Natural Gas

Fireplace N

Exterior

Garage Spaces 3.0

Community Features Gated, Sidewalks, Street Lights, Street Paved

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Lake Michigan

Structure Type Brick

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition Short Sale

Listed by Yolanda Martin of Century 21 IMPACT

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(312) 970-9476

mvrielink@chicagorea.com

1941 N Elston Ave, Chicago, IL 60642-1219, USA

7544 S Essex AVE Chicago, IL 60649