Excellent opportunity for an investor or owner occupant in one of the fastest appreciating neighborhoods in Chicagoland - East Woodlawn! Less than a 5-minute drive from the new Obama Presidential Center, this is a great chance to secure your spot in a neighborhood that is slated to be one of the best Chicago has to offer. The seller is motivated and desires to close before the end of the Fall season. This property requires a complete renovation. This is a great purchase for a buyer looking to renovate and owner occupy! This is also a great purchase for an investor looking to purchase, renovate as a single family or purchase and build a new construction single family home or multi-unit! The after-repair-value for renovated frame style single family homes is approximately $375,000, the after-repair-value for new construction single family homes is approximately $742,000 and the after-repair-value for new construction 3-unit properties is approximately $853,000! Another excellent strategy for a savvy investor would be converting this single family home into a duplexed 2-unit, the after-repair-value for renovated 2-unit properties is approximately $455,000! Valuations are based on comparable sales within a half-mile radius that sold within the past 12 months. A+ location - Walking distance from Washington Park, Minutes from the Lakefront, proximity to The University of Chicago, Dan Ryan, Red Line and Jackson Park! Priced to sell so please act swiftly! Bring your best cash offers!

Listing courtesy of MRED / Straight-A Realty, LLC as distributed by MLS GRID

Last checked: Checking… • Last updated Nov 22, 2024 • Source: MRED

MLS# 11892576 — Report a problem