Neighborhood: Chi - Lower West Side, Heart Of Chicago
OPPORTUNITY ALERT!!! Solid GREYSTONE 3Flat in Coveted Historic #PILSEN Heart of Chicago Corridor! This Property has been in the family over a lifetime. Competitive priced Estate Sale will yield an AVG After Repair Fair Market Value of $850K. Build sweat equity and improve over time or flip now! Market times in the area are averaging 48 days. All units need updating, however, the first floor tenant is paying $875/mo on a MTM contract. The AVG Market Rent for a 3 bed "as is" property is $950/mo ($32,400/annual income). The Average Market rents for 3 bedroom rehabbed apartments are $1,900-$2,200/mo. That's an estimated $68,400 in annual rental income. These spacious units are currently a variation of 3-4bed/1bath floor plans with separate dining rooms, eat-in kitchens, hardwood floors and tall ceilings on all three levels. Basement ground is broken. A dig out was started but not completed. Charming Decorative Vintage Fire Places in some of the units. Extra Wide 2-Car Flat Roof Brick Garage is ready for a Large deck! Loads of potential. Buy & Flip or Buy, Improve and rent out! Property is being sold "as is." Located walking distance to the "Little Tuscany" dining district, Western & Damen Pink L-Train stops. Enjoy Easy Access to the Medical District, I-290/55, Mariano's, Target, Costco, downtown and all the arts, culture and fun vibes that Pilsen has to offer, from dining to shopping! See 3D tour for more information.