Description
Massive opportunity to own a rarely available, 6-unit greystone in Booming Bronzeville. Building likely needs a full gut so bring your architect and creativity. Here's the current layout: (3) studio apartments, (2) 2 bed/1 bath apartments and (1) 1 bed/1 bath apartment. Maximize the value by reconfiguring it as a 3-unit with (2) 2/3 bed/2 bath units and (1) 4 bed/3 bath duplex down and converting to condos to sell individually OR you can rehab and flip the entire building OR you can convert to a single family home OR hold as a 6 or 3-unit excellent performing rental. Possibilities are limitless. Huge potential here. New construction being built on the blocks directly north and south and building is superbly situated on a block with newer construction single family homes and condo buildings. New (2021) hot water heater. New (2021) boiler. Newer (2013) roof. As-is Sale. Estate Sale. New/Newer construction 3 flats are selling from $890,000-$1,100,000. 3 bedroom/2 bathroom condos are selling for $300,000 and up. Single family homes are selling for $800,000 and up. If you choose to buy and hold, 2 bed/2 baths are renting in the area for $2,300/month and up. Potential here is priceless.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Massive opportunity to own a rarely available, 6-unit greystone in Booming Bronzeville. Building likely needs a full gut so bring your architect and creativity. Here's the current layout: (3) studio apartments, (2) 2 bed/1 bath apartments and (1) 1 bed/1 bath apartment. Maximize the value by reconfiguring it as a 3-unit with (2) 2/3 bed/2 bath units and (1) 4 bed/3 bath duplex down and converting to condos to sell individually OR you can rehab and flip the entire building OR you can convert to a single family home OR hold as a 6 or 3-unit excellent performing rental. Possibilities are limitless. Huge potential here. New construction being built on the blocks directly north and south and building is superbly situated on a block with newer construction single family homes and condo buildings. New (2021) hot water heater. New (2021) boiler. Newer (2013) roof. As-is Sale. Estate Sale. New/Newer construction 3 flats are selling from $890,000-$1,100,000. 3 bedroom/2 bathroom condos are selling for $300,000 and up. Single family homes are selling for $800,000 and up. If you choose to buy and hold, 2 bed/2 baths are renting in the area for $2,300/month and up. Potential here is priceless.
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