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Aaron Gaines

iam@aarondmgaines.com +1(708) 765-2620

$ 499,000

Est. payment | -/mo

6 Beds

4 Baths

Save

$ 499,000

Est. payment | -/mo

Save

6 Beds

4 Baths

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12615837

Style American 4-Sq.

Bedrooms 6

Year Built 1888

Annual Tax Amount $6,494

Tax Year 2023

Lot Dimensions 25 x 177

Property Sub-Type Two to Four Units

Property Description

Investor Goldmine! This is an ultra-rare value-add opportunity on a gigantic 177 ft lot backing right up to Simons Park and with immediate access to the 606 Trail. The building features highly desirable 3-bedroom, 2-bathroom layouts in both primary units, offering fantastic rent potential. The property is being sold with existing city code violations requiring the removal of the current basement unit and the reinforcement or rebuilding of the rear stairs. For a savvy buyer, this is the ultimate catalyst for forced appreciation through sweat equity. Situated perfectly within Chicago's ADU allowed area, the mandatory lower-level remediation provides a clean slate to pull permits and legally build out at least one, and potentially two, Additional Dwelling Units. Transform this into your cash flowing gem. Unbeatable, quickly appreciating location to coffee shops, grocery stores, minutes to Logan Square and with immediate access to the 606 trail and a beautiful park directly behind. Bring your contractor to capitalize on this incredible potential. Sold strictly as-is.

Location

State IL

County Cook

Area Chi - Humboldt Park

Zoning MULTI

Rooms

Basement Partially Finished, Full

Interior

Heating Natural Gas, Forced Air

Fireplace N

Exterior

Garage Spaces 2.0

Community Features Other, Park

Building

Dwelling Type Two to Four Units

Building Description Vinyl Siding, No

Sewer Public Sewer

Water Lake Michigan

Structure Type Vinyl Siding

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Santiago Valdez of Compass

Nearby Locations

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Aaron Gaines

REALTOR® | Lic# 475177288

iam@aarondmgaines.com

+1(708) 765-2620

16101 108th Ave, 2nd Floor, Orland Park, IL, 60467

1645 N Central Park AVE Chicago, IL 60647

Aaron Gaines

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

1645 N Central Park AVE