An incredible investor opportunity awaits in Chicago’s vibrant New City neighborhood! This multi-unit property, primed for a significant value-add transformation, features a spacious second-floor unit with four bedrooms and one bathroom, alongside a generous first-floor unit offering three bedrooms and one bathroom. A full, unfinished basement provides ample potential for expansion or additional amenity space, allowing for creative vision and maximizing future rental income. Situated in an area with a strong rental market and ongoing community revitalization initiatives, this property is ideally priced for advantageous financing, including DSCR loans. While it requires substantial work, the upside for a savvy investor is immense in this burgeoning location. All offers are welcome and are subject to short sale/foreclosure approval. Tenant occupied 24-hour notice.
Property Details
Price:
$110,000
MLS #:
MRD12417488
Status:
Active Under Contract
Beds:
7
Baths:
2
Type:
Multi Family
Neighborhood:
CHI – New City
Listed Date:
Jul 10, 2025
Year Built:
1903
Schools
School District:
299
Interior
Heating
Other
Exterior
Construction Materials
Stone
Financial
Tax Year
2023
Taxes
$2,110
Listing Agent & Office
Elizabeth Wright
Elux Real Estate Corporation
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