$230,000

4 Bed, 2 Bath, Approx 1814 Sq Ft

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Bronzeville is one of the hottest neighborhoods to invest in Chicago! Huge demand, plenty of great comps and rapidly appreciating annually! This is an excellent opportunity for a savvy investor to purchase, execute and make a great profit in a "sure thing" neighborhood! Renovated sold comparable single-family homes within a square mile radius sold for an average of $528,000 within the past 6 months! Notable features include; 4 bedrooms (potential for up to 6 bedrooms by finishing basement and attic) and 2 bathrooms (potential for up to 3 bathrooms by finishing basement). Finish the basement and attic to create 3,500+ square feet of finished living space. Full unfinished basement (walk out) - 7'2 basement ceiling height. This home has a new roof, new windows, new electrical and new plumbing! No permits were pulled. To achieve the maximum after-repair-value property will require approximately $100,000 - $150,000 in renovations. For maximum resale value we recommend constructing a front brick facing/veneer, not necessary for valuation but this would provide the feel of a brick home. Excellent block! Close proximity to retail shopping centers and restaurants. Just blocks away from the CTA Green Line! There is so much retail demand Bronzeville, you don't want to miss out on this opportunity! Hard money lender approved through Lima One Capital.

Status: CLSD

Partner Agent

Tom Brown

Phone: 312-502-8213

Email: tb@sparrowrealty.us