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Serene Realty, Inc

info@serenerealtyinc.com +1(312) 650-7940

$ 350,000

Est. payment | -/mo

8 Beds

4 Baths

Save

$ 350,000

Est. payment | -/mo

Save

8 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 12772599

Bedrooms 8

Year Built 1926

Annual Tax Amount $5,927

Tax Year 2023

Lot Dimensions 160x25

Property Sub-Type Two to Four Units

Property Description

Washington Park 4-Unit | Value-Add Opportunity Near the Obama Presidential Center Bring your vision and your toolbox. This 4-unit multifamily property in Chicago's Washington Park neighborhood offers a rare chance to buy into one of the South Side's most closely watched areas at a basis that leaves room for real upside. The Location Minutes away from the Obama Presidential Center, the property sits in the path of major public and private investment. With the Center's campus in nearby Jackson Park, plus ongoing activity around Washington Park itself, the area continues to draw new attention from residents, employers, and investors. You're also close to the CTA Green Line, the Dan Ryan (I-90/94), the University of Chicago, and the Museum of Science and Industry, with easy access to Hyde Park, Bronzeville, and the Loop. The Property Four residential units in a classic Chicago masonry-style building Solid bones with a layout that suits a mix of unit types Separate utilities potential, so owners can reduce common-area costs Rear yard and on-street parking available The Opportunity This property needs work, and that's the point. Whether you're a rehabber, an owner-occupant looking to live in one unit and rent the others, or a long-term hold investor, there's meaningful room to add value through renovation, improved rents, and better operations. Buyers should plan for updates to interiors, mechanicals, and finishes, and should perform their own inspections and due diligence. Why It's Worth a Look Multifamily inventory in this corridor is limited Neighborhood momentum tied to the Obama Center and surrounding development Strong rental demand from students, hospital and university staff, and long-term residents Potential for owner-occupant financing options. Sold as-is. Cash and renovation-loan buyers welcome. Schedule your showing today

Location

State IL

County Cook

Area Chi - Washington Park

Rooms

Basement Unfinished, None, Partial

Interior

Heating Gas

Fireplace N

Building

Dwelling Type Two to Four Units

Building Description Brick, No

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

Listed by Oscar Estrada of eXp Realty

NEARBY SCHOOLS & PROPERTIES

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

+1(312) 650-7940

info@serenerealtyinc.com

2600 S. Michigan Avenue, Suite 102, Chicago, IL 60616, United States

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5331 S Wabash AVE Chicago, IL 60615