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Chicago, IL 60657
- Single Family Home / REO Foreclosure
Property Details for null St, Chicago, IL 60657
Facts
- Year Built : View Details
- Property ID : View Details
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- Property Type : View Details
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Description
This is an REO, meaning this property has been foreclosed on because the owner couldn't meet their payments. The bank now owns this property. Most banks are not set up to own homes, and are often motivated to sell you the home at a discounted price.
Pre-foreclosure offering.... being sold "as is-where is"... An opportunity for an oversized classic Chicago Grey stone building that's a legal 3 flat with large 3 bed 2 bath units. Great layouts on an extra wide lot! The location is an incredible draw for people from all over Chicagoland and the country renting their first or next apartment. Whether it's for Wrigley, Southport Corridor or Blaine school district, the abundance of light and lay-outs rent the units. Just 2 blocks east of Southport in the of the heart of it's corridor on a treelined street. Walk to red or brown line train, exceptional shops, entertainment and some of the best restaurants around. The building has been professionally maintained since 2014 by a management company. Excellent income (over 100k) with room to grow. It's ready to be your cash cow. Tenants pay their own utility. All units have individual central air and heat. 2 major improvements were the risers behind the walls were all upgraded & replaced with copper piping in 2017. The iron drains behind the walls replaced in 2018. Listing Agent has an ownership interest in the property.
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