$160,000

5 Bed, 0 Bath, Approx - Sq Ft

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INVESTOR SPECIAL!!! ***EQUITY BUILT INTO THE LIST PRICE*** Don't miss out on this Incredible opportunity to own this Historic 2 flat Grey Stone with a bonus garden unit; perfect for potential additional INCOME opportunities. This historic and popular style grey stone is available for an absolute steal! This 2 unit is located in the North Lawndale community which is one of Chicago's most architecturally eccentric and socially complex neighborhoods! Property is in excellent shape as the owner takes much pride in making sure the building is kept in great condition. This property includes one 3 bedroom , 1 bath unit (owner previously knocked down wall of 3rd bedroom that can easily be reinstalled) and one 2 bed, 1 (recently updated bathroom) unit! Other initiates include: Enclosed back porch, functioning garage, close to shopping and CTA near by-Pulaski-Pink line. Main level is currently vacant and top level unit is currently occupied with month/month tenants. A Potential of $2,600 in estimated gross rental revenue per month when fully rehabbed and occupied PLUS potential income with garden unit once finished(already existing full bathroom)! $31,200 in estimated gross rental revenue per year! This deep discounted purchase is a no-brainer!!! Did i mention, EQUITY IS BUILD INTO THE LIST PRICE! Solid grey stone comp recently sold for **$232,900!!** within a 1.5 mile radius (1912 S Christiana Ave). This beautiful multi family just needs the right touch of TLC, **perfect for a FHA 203K buyer** who's tired of the traditional "cookie cutter" finishes. Schedule a showing today as this one won't last long! SOLD AS-IS! Buyer will purchase with tenants in place. *** FINAL SHOWING WILL BE HELD WEDNESDAY 10/7/2020 FROM 4:30PM-6:30PM, PLEASE SUBMIT HIGHEST AND BEST OFFER BY FRIDAY 10/9/2020 AT 5PM***

Status: CLSD

Partner Agent

Tom Brown

Phone: 312-502-8213

Email: tb@sparrowrealty.us