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Listed by Derek Walvoordof Exit Strategy Realty / EMA Management
$ 874,900
Est. payment | /mo
9 Beds
$ 874,900
Est. payment | /mo
9 Beds
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12455293
Bedrooms 9
Year Built 1928
Annual Tax Amount $7,750
Tax Year 2023
Lot Dimensions 25X125
Property Sub-Type Two to Four Units
Property Description
Invest in Woodlawn: A Prime Opportunity! This meticulously maintained, three-unit building presents a rare chance for investment-minded buyers to capitalize on the explosive growth of Chicago's Woodlawn community. With all three units boasting a 3-bedroom, 2-bathroom layout, this property is designed for high-end rental income and long-term appreciation. Unmatched Location and Upside Potential. Situated just steps from the scenic Jackson Park and Chicago's lakefront, this property is at the epicenter of a multi-billion dollar neighborhood transformation. The future Obama Presidential Center, a few short blocks away, is attract new development, residents and businesses. Brand new 8 Unit building underway accross the street. The surrounding area offers an incredible quality of life, with seamless access to Dusable Lake Shore Drive, the lakefront recreation trail, the renowned Jackson Park Golf Course, Beach and Harbor. Residents also enjoy the convenience of being just minutes from Hyde Park's vibrant shopping and entertainment. Condo-Quality Construction and Desirable Features, building was renovated approximately ten years ago. All major systems, including plumbing, electrical, HVAC, and tuckpointing, were replaced, ensuring lower maintenance and peace of mind for an owner. Details like exposed brick add character and charm while reducing upkeep. Each of the three spacious units features condo-style layouts, with the first-floor unit set up as a duplex-down, providing even more living space. Attract tenants seeking a premium living experience. An excellent strategic investment in a community on the rise. With its prime location, high-quality construction, and proximity to the Obama Center, this property is poised for significant returns. Don't miss this opportunity to own a piece of Woodlawn's future.
Location
State IL
County Cook
Rooms
Basement Finished, Full
Interior
Heating Natural Gas
Fireplace N
Exterior
View Y/N true
Building
Sewer Public Sewer
Water Lake Michigan, Public
Structure Type Brick
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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2600 S. Michigan Avenue, Suite 102, Chicago, IL, 60616, United States