1421 E 69th Place Chicago, IL 60637
This property for sale is a multi-unit apartment building located in the highly sought-after Woodlawn area. Constructed entirely of durable brick, this building boasts four units that have the potential to yield significant returns in a market with high rental demand. Recent renovations include a new windows, porch, roof and interior stairs completed in 2022, providing a solid foundation for the new owner's plans. However, it's important to note that the property needs extensive rehabilitation to become livable. The current layout of the building includes five units, but the new owner can make modifications to suit their own vision. The property has permits available, allowing the new owner to take over from the seller and create a space with ten bedrooms and five baths once the rehabilitation is complete. The motivated seller is offering the property "as is, " and interested buyers should contact the listing broker for more information, including any available drawings and permits. Comparable properties in the area have an average price of $765K, indicating that this property offers a potentially lucrative investment opportunity. However, interested buyers should be prepared to invest significant time and resources to make the property habitable. This is an excellent opportunity to own a prime real estate property in a hot market, so don't miss out on the chance to make this investment. Contact the listing broker today for more information on this property with excellent potential once rehab is complete.
|3 weeks ago||Listing updated with changes from the MLS|
|2 months ago||Price changed to $239,000|
|3 months ago||Listing first seen online|