4952 W Chicago Avenue, Chicago, Illinois 60651
- $240,000
- Sold Price
- $240,000
- List Price
- $250,000
- Closing Date
- Mar 22, 2024
- MLS#
- 11959283
- Status
- CLOSED
- Type
- Commercial
- Subtype
- Commercial Sale
- County
- Cook
- City
- Chicago
- Neighborhood
- South Austin
- Days On Market
- 16
Property Description
4952 W Chicago Ave is a mixed-use building that presents a unique blend of potential and foundational upgrades and an opportunity for creative renovation. The significant improvements already in place provide a solid base for future development and customization. This building boasts a versatile layout that includes three apartments and a retail space, offering a diverse income stream. Each apartment features a spacious two-bedroom, One-bathroom design, ideal for comfortable urban living. The retail space on the ground floor presents a prime opportunity for a business venture, adding to the property's appeal and financial viability. Among the key upgrades, the property benefits from a completely revamped electrical system, ensuring a modern infrastructure for both residential and commercial use. It provides excellent visibility and accessibility, making it an attractive location for businesses and residents, and it opens up various possibilities for future development. The required renovation presents a unique opportunity for investors, entrepreneurs, or developers to imprint their vision on the property. The existing updates, like the new electrical system and roof, lay the groundwork, reducing the scale of immediate renovations and adding value to the investment. Ideal for those looking to invest in a property with a head start on critical upgrades, This building is not just a property; it's a canvas ready for transformation into a thriving hub of activity and community.
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Additional Information
- Tax Year
- 2022
- Tax Amount
- $1,800
- Year Built
- 1915
- Lot Dimensions
- 125X50
- Air Conditioning
- Central Air
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