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$ 339,000
Est. payment | /mo
8 Beds
3 Baths
$ 339,000
Est. payment | /mo
8 Beds
3 Baths
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12498345
Style Greystone
Bedrooms 8
Year Built 1888
Annual Tax Amount $4,870
Tax Year 2023
Lot Dimensions F 24X118
Property Sub-Type Two to Four Units
Property Description
Huge Value Add Opportunity! Ready to roll up your sleeves? This classic 3unit Greystone is the perfect canvas for investors who see potential where others see problems. Located east of California Avenue near Douglas Park, Mount Sinai Hospital and the Illinois Medical District, it sits in the epicenter of North Lawndale's redevelopment. Millions are pouring into new mixed use projects, condo conversions and hospital expansions along Ogden Avenue and in the nearby Medical District. Buy now while properties here are still affordable and hold on for a huge return as the neighborhood transforms. Bordering the Tri Taylor corridor. Comparable 3 flats (east of California) here are closing at record high numbers, and new mixed-use and Medical District projects are drawing demand. This property has a full walkout basement, enclosed rear porch, parking slab and classic Greystone facade. After a complete gut rehab, similar 3bed units cashflow and resale upside is enormous. Sold strictly as-is-there are known code violations and deferred maintenance, so buyers must perform their own due diligence.. If you're looking for a high upside project in a neighborhood on the rise, with easy access to Mount Sinai, UIC, Rush, the CTA Train Line and I290 this diamond in the rough is your chance to buy low, improve and hold for a big return. It comes with a full set of architectural drawings; add your general contractor to the permit application and you can submit to the City of Chicago for approval immediately!
Location
State IL
County Cook
Area Chi - North Lawndale
Zoning MULTI
Rooms
Basement Unfinished, Exterior Entry, Bath/Stubbed, Full, Walk-Out Access
Interior
Heating Natural Gas
Fireplace N
Building
Dwelling Type Two to Four Units
Building Description Block,Stone,Limestone, No
Sewer Public Sewer
Water Lake Michigan
Structure Type Block,Stone,Limestone
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Edgar Zelaya of eXp Realty
GET MORE INFORMATION
Michael Bempah
Broker | License ID: 475.175881
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