+Multiple Offers Received, Best and Highest Wednesday, June 17th at 12 Noon+ 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.
— the listing agent’s description
The home
6 beds
4 baths
Built in 1888
Lot 25 x 177
2-car garage
Two to Four Units
American 4-Sq.
What it’ll cost
$6,494 taxes / yr
No HOA
Listed $595,000
Now $400,000
39 days on dwello
Estimated monthly payment
$2,785/mo
Principal & interest$2,127
Property taxes$541
Homeowners insurance$117
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Assessed value from the Cook County Assessor (open records). Estimated market ≈ assessed × 10 for residential; not an appraisal — verify with the assessor.