1421 E 69th Chicago, Illinois 60637, Chicago , 60637
Listing ID: MRD11771780
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$209,990
Price
8
Beds
4
Baths
Built: 1910
Listed: 1 year ago
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Property Description

***VALUE ADD 4-PLEX IN OPPORTUNITY ZONE*** with a full basement potential for another apartment. This property for sale is a multi-unit apartment building of approx 3844 SF on the land 6176 SF. It is located in the highly sought-after Woodlawn area. Constructed entirely of durable brick, this building boasts four units that have the potential to yield significant returns in a market with high rental demand. New windows on front, clean up 2023, providing a solid foundation for the new owner's plans. However, it's important to note that the property needs extensive rehabilitation to become livable. The current layout of the building includes four apartments and full unfinished basement, but the new owner can make modifications to suit their own vision. The property has permits available, allowing the new owner to take over from the seller and create a space with eight or ten bedrooms and four or five baths once the rehabilitation is complete. The motivated seller is offering the property "As-Is Conditions," and interested buyers should contact the listing broker for more information, including any available drawings and permits. Comparable properties in the area have an average price of $765K, indicating that this property offers a potentially lucrative investment opportunity. However, interested buyers should be prepared to invest significant time and resources to make the property habitable. This is an excellent opportunity to own a prime real estate property in a hot market, so don't miss out on the chance to make this investment. Contact the listing broker today for more information on this property with excellent potential once rehab is complete. PLEASE NOTE: Property have Two PIN numbers. "As-Is Conditions" Buyer needs to do their own Due-Diligence.

House located at 1421 E 69th Chicago, Illinois 60637. The property was built in 1910. 1421 E 69th Chicago, Illinois 60637 is in the CHI - South Shore neighborhood. CHI - Forest Glen , CHI - Avondale , and CHI - West Englewood are nearby neighbourhoods.
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Listed by: Arc Red Inc Arc Realty Group

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20% down payment
$736
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35% down payment
$598
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50% down payment
$460
per month

Estimated mortgage based on 2.7% on a 30 year amortization based on some lenders

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AO
Andrzej Olszowka
773-447-4767

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AO
Andrzej Olszowka
773-447-4767
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$3,703.37
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Total Mortgage
$219,600
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