
Property Attributes
- MLS#11330855
- TypeLand
- CountyCOOK
- CityChicago
- Zip60614
- Style
- Price$ 2,000,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property Description
The opportunity you have been waiting for... Now is your chance to build your dream home on one of the most sought-after streets and blocks in the entire city. Approximate 25 x 124.5 lot with prime RM 4.5 zoning allows for a substantial home to fit in with the surrounding neighbors. Not many opportunities on these preferred blocks happen. Property is being sold for the lot, but currently the lot has a classic tall Chicago red-brick vintage building with 6 condo units (all 1 bedroom/1 bathroom units in front & back with individual furnaces & central air and all in great condition) that could be rented out while awaiting designs and permits or simply held on to for the investment. In the back is a parking pad with three spaces that allow for tandem car parking (total of 6 cars). Currently 4 of the units are rented, 1 is vacant, and 1 is used for Airbnb with an approximate income (assuming rent for vacant unit & average Airbnb income) of about $12,500/mth or about $150,000 annually. What a rare opportunity in an area that is amongst the most desirable the city offers.
Price History | |
---|---|
2/23/2022 | Listed $2,000,000 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool