Chicagorealestatesource.com Search Results

$210,000

Nice 2-flat building in HOT Woodlawn that needs work but could be a gem! Each unit has 3 bedrooms 1.1 bathrooms in each unit, a formal living room and dining room in each unit, eat-in kitchen, a 1/2 bathroom in the primary bedroom on the second floor, an updated bathroom on the second floor and a sun room in the second floor unit. There is a 2-car brick garage, an enclosed porch and a partially finished basement with a 1/2 bathroom and family room with a dry bar. Can be used as a total investment property or live in one unit and have a tenant in the other unit to help pay your mortgage! Tenants pay their electric and cooking gas. There a number of possibilities! Being sold "as is".

6 Beds ⋅ 5 Baths ⋅ 11884641 MLS ⋅ CLOSED Status

Nice 2-flat building in HOT Woodlawn that needs work but could be a gem! Each unit has 3 bedrooms 1.1 bathrooms in each unit, a formal living room and dining room in each unit, eat-in kitchen, a 1/2 bathroom in the primary bedroom on the second floor, an updated bathroom on the second floor and a sun room in the second floor unit. There is a 2-car brick garage, an enclosed porch and a partially finished basement with a 1/2 bathroom and family room with a dry bar. Can be used as a total investment property or live in one unit and have a tenant in the other unit to help pay your mortgage! Tenants pay their electric and cooking gas. There a number of possibilities! Being sold "as is".

6617 S Minerva Avenue, Chicago

$867,500

Located in prime Woodlawn location, rarely available Legal 4 Flat was renovated in 2016 by a reputable rehabber. Purchase as an investment or to live in. The 3 above ground oversized units each feature 3 bed/2 bath configurations & 1 lower level features an oversized 2 bed/bath configuration. Property renovations were completed in 2016 and feature new interior upgrades such as Copper Plumbing infrastructure, Electrical infrastructure, HVAV infrastructure and drywall. The floorplan layout was reworked to have open concept Kitchens in the front area of the units with 42' Maple shaker style cabinets, granite & laminate countertops, stainless steel appliances & recessed lighting. Meticulously preserved & refinished woodwork architecture & hardwood flooring in the property was blended with new upgrades to keep the charm & character of this historic property. Exterior upgrades include new vinyl windows, concrete parking pad with rear wrought iron gated fence, front wrought iron gated fence with intercom system, treated wood rear staircase & maintenance fee vinyl siding wrapped porch. The lower level was renovated by excavating the floor & creating higher head space & upgrading to a new sump pump rainwater drainage system & concrete slab. The property shares a common area laundry with washer/dryer owned by Landlord. Each unit is individually metered & has separate HVAC & Hot Water Heater tanks. This property is located walking distance to University of Chicago Hospital & University of Chicago, University of Chicago Law School, University of Chicago Charter School, Toyota Technological Institute of Chicago, Chicago Theological Seminary, Mount Carmel High School, Lake Michigan, Parks, multiple grocery & eating locations.

11 Beds ⋅ 7 Baths ⋅ 11882076 MLS ⋅ CLOSED Status

Located in prime Woodlawn location, rarely available Legal 4 Flat was renovated in 2016 by a reputable rehabber. Purchase as an investment or to live in. The 3 above ground oversized units each feature 3 bed/2 bath configurations & 1 lower level features an oversized 2 bed/bath configuration. Property renovations were completed in 2016 and feature new interior upgrades such as Copper Plumbing infrastructure, Electrical infrastructure, HVAV infrastructure and drywall. The floorplan layout was reworked to have open concept Kitchens in the front area of the units with 42' Maple shaker style cabinets, granite & laminate countertops, stainless steel appliances & recessed lighting. Meticulously preserved & refinished woodwork architecture & hardwood flooring in the property was blended with new upgrades to keep the charm & character of this historic property. Exterior upgrades include new vinyl windows, concrete parking pad with rear wrought iron gated fence, front wrought iron gated fence with intercom system, treated wood rear staircase & maintenance fee vinyl siding wrapped porch. The lower level was renovated by excavating the floor & creating higher head space & upgrading to a new sump pump rainwater drainage system & concrete slab. The property shares a common area laundry with washer/dryer owned by Landlord. Each unit is individually metered & has separate HVAC & Hot Water Heater tanks. This property is located walking distance to University of Chicago Hospital & University of Chicago, University of Chicago Law School, University of Chicago Charter School, Toyota Technological Institute of Chicago, Chicago Theological Seminary, Mount Carmel High School, Lake Michigan, Parks, multiple grocery & eating locations.

6638 S Woodlawn Avenue, Chicago

$450,000

EXCELLENT INVESTMENT OPPORTUNITY IN WOODLAWN! NEAR THE OBAMA LIBRARY, EXPRESSWAY, LAKE, MINUTES FROM THE MUSEUMS, SOLDIER FIELD AND DOWNTOWN CHICAGO. DON'T LET THIS ONE PASS YOU BY. BRICK 3 FLAT PLUS FINISHED BASEMENT, ENCLOSED BRICK BACK PORCHES WITH METAL STAIR CASE AND BRICK 2.5 CAR GARAGE WITH NEW GARAGE DOOR, 1ST & 3rd FLOOR recently rehabbed SEP UTILITIES) 3rd floor has central air. 2nd floor has MTM COIN OPERATED WASHER & DRYER IN THE BASEMENT. ROOF & WINDOWS AROUND 10 YRS OLD. WON'T LAST LONG SCHEDULE YOUR APPOINTMENT TODAY. SELLER IS AN IL LIC BROKER.

6 Beds ⋅ 4 Baths ⋅ 11861703 MLS ⋅ CLOSED Status

EXCELLENT INVESTMENT OPPORTUNITY IN WOODLAWN! NEAR THE OBAMA LIBRARY, EXPRESSWAY, LAKE, MINUTES FROM THE MUSEUMS, SOLDIER FIELD AND DOWNTOWN CHICAGO. DON'T LET THIS ONE PASS YOU BY. BRICK 3 FLAT PLUS FINISHED BASEMENT, ENCLOSED BRICK BACK PORCHES WITH METAL STAIR CASE AND BRICK 2.5 CAR GARAGE WITH NEW GARAGE DOOR, 1ST & 3rd FLOOR recently rehabbed SEP UTILITIES) 3rd floor has central air. 2nd floor has MTM COIN OPERATED WASHER & DRYER IN THE BASEMENT. ROOF & WINDOWS AROUND 10 YRS OLD. WON'T LAST LONG SCHEDULE YOUR APPOINTMENT TODAY. SELLER IS AN IL LIC BROKER.

6516 S Maryland Avenue, Chicago

$296,000

Welcome to this fantastic opportunity to own a 2 unit building nestled along tree lined Drexel Ave in sought after Woodlawn. With its incredible potential, this property is perfect for investors or buyers seeking a project to transform into their dream home or investment property. The living areas in each unit boast great natural light, offering a warm and inviting atmosphere. The kitchens provide functional layouts and the bedrooms are generous. The basement contains 3 additional living spaces along with a newly updated full bathroom. The large backyard provides a perfect canvas for outdoor entertainment with room to add a 2 car garage. Each unit provides 2 bedrooms and 1 full bathroom. Enjoy the convenience of being within close proximity to Hyde Park, Lake Shore Drive, University of Chicago, the Obama Library, the lakefront and more. There's also easy access to major transportation routes and public transportation. Sold as-is.

4 Beds ⋅ 3 Baths ⋅ 11865029 MLS ⋅ CLOSED Status

Welcome to this fantastic opportunity to own a 2 unit building nestled along tree lined Drexel Ave in sought after Woodlawn. With its incredible potential, this property is perfect for investors or buyers seeking a project to transform into their dream home or investment property. The living areas in each unit boast great natural light, offering a warm and inviting atmosphere. The kitchens provide functional layouts and the bedrooms are generous. The basement contains 3 additional living spaces along with a newly updated full bathroom. The large backyard provides a perfect canvas for outdoor entertainment with room to add a 2 car garage. Each unit provides 2 bedrooms and 1 full bathroom. Enjoy the convenience of being within close proximity to Hyde Park, Lake Shore Drive, University of Chicago, the Obama Library, the lakefront and more. There's also easy access to major transportation routes and public transportation. Sold as-is.

6550 S Drexel Avenue, Chicago

$565,000

Historic 3 story Greystone 4 unit building in heart of the Woodlawn neighborhood! This building boasts beautiful marble foyer, original trim and gorgeous stairways that are full of character. The three above grade units are empty and ready for new tenants, with market rents $1400-$1800! Live in one unit and have the other units pay your mortgage! The back decks are almost brand new with concrete patio. The electrical services have also been updated. Copper pipes throughout. Schedule your showing today!

9 Beds ⋅ 7 Baths ⋅ 11863534 MLS ⋅ CLOSED Status

Historic 3 story Greystone 4 unit building in heart of the Woodlawn neighborhood! This building boasts beautiful marble foyer, original trim and gorgeous stairways that are full of character. The three above grade units are empty and ready for new tenants, with market rents $1400-$1800! Live in one unit and have the other units pay your mortgage! The back decks are almost brand new with concrete patio. The electrical services have also been updated. Copper pipes throughout. Schedule your showing today!

6352 S Ingleside Avenue, Chicago

$131,900

East Woodlawn is one of the fastest appreciating neighborhoods in the entire nation! This 2-unit is available for an absolute steal! There is so much upside for an investor looking to make a large profit or a homeowner looking to plant their feet in an area that will continue to aggressively appreciate for years to come! This solid 2-flat includes two residential units, a full walkout basement and a private enclosed back yard! Unit #1 has 3-bedrooms, and 1 full bathroom and Unit #2 has 4-bedrooms and 1 full bathroom. Updated 4-bedroom apartments can rent for $2,000+ per month and updated 3-bedroom apartments can rent for $1,700+ per month in this neighborhood! The strategy that will yield the maximum equity or profit margin will be achieved by converting this 2-unit into a legal 3-unit by digging down the large unfinished basement 3-5 inches and cooperating with the city of Chicago to improve the zoning from a 2 to 3-unit residential property. This strategy was effective at 6235 S. Eberhart which was sold in December of 2022 for $585,000. The after-repair-value for non-new construction 3-units or 2-units with legal garden apartments is $570,000, based on comparable sales within the past 6 months! With the right construction strategy there is an approximate $170,000 - $200,000 profit margin available! In 2020 the city of Chicago passed the Additional Dwelling Unit Ordinance which provides owners of multi-units with up to $35,000 in funds in the form of a forgivable loan to create additional living space in the basement or attic! For more ambitious investors, there is also potential to dormer the attic to create additional living space or build a coach house in the back yard which the ADU ordinance also supports in the effort to achieve an even higher valuation ($600,000+). For the traditional retail buyer that wants to convert this multi-unit into a single-family home, the approximate after-repair-value for this strategy is $700,000+ based on comparable SFH sales! The retail buyer has the equity available to significantly invest in the conversion project and enjoy a great home with $100,000+ in equity upon completion or an investor can enjoy an approximate $75,000 - $150,000 profit with the right construction strategy implemented. There are a plethora of new construction projects on Maryland Ave with many multi-units that have recently sold for a little under 1-million dollars each! A+ location! Walking distance from Washington Park, Minutes from the Lakefront, proximity to The University of Chicago, the Obama Presidential Library, Dan Ryan, Red Line and Jackson Park! Priced to sell so please act swiftly! ***This property is already hard money approved with our lender that requires 7% down and will finance 100% of the renovation***

7 Beds ⋅ 2 Baths ⋅ 11858076 MLS ⋅ CLOSED Status

East Woodlawn is one of the fastest appreciating neighborhoods in the entire nation! This 2-unit is available for an absolute steal! There is so much upside for an investor looking to make a large profit or a homeowner looking to plant their feet in an area that will continue to aggressively appreciate for years to come! This solid 2-flat includes two residential units, a full walkout basement and a private enclosed back yard! Unit #1 has 3-bedrooms, and 1 full bathroom and Unit #2 has 4-bedrooms and 1 full bathroom. Updated 4-bedroom apartments can rent for $2,000+ per month and updated 3-bedroom apartments can rent for $1,700+ per month in this neighborhood! The strategy that will yield the maximum equity or profit margin will be achieved by converting this 2-unit into a legal 3-unit by digging down the large unfinished basement 3-5 inches and cooperating with the city of Chicago to improve the zoning from a 2 to 3-unit residential property. This strategy was effective at 6235 S. Eberhart which was sold in December of 2022 for $585,000. The after-repair-value for non-new construction 3-units or 2-units with legal garden apartments is $570,000, based on comparable sales within the past 6 months! With the right construction strategy there is an approximate $170,000 - $200,000 profit margin available! In 2020 the city of Chicago passed the Additional Dwelling Unit Ordinance which provides owners of multi-units with up to $35,000 in funds in the form of a forgivable loan to create additional living space in the basement or attic! For more ambitious investors, there is also potential to dormer the attic to create additional living space or build a coach house in the back yard which the ADU ordinance also supports in the effort to achieve an even higher valuation ($600,000+). For the traditional retail buyer that wants to convert this multi-unit into a single-family home, the approximate after-repair-value for this strategy is $700,000+ based on comparable SFH sales! The retail buyer has the equity available to significantly invest in the conversion project and enjoy a great home with $100,000+ in equity upon completion or an investor can enjoy an approximate $75,000 - $150,000 profit with the right construction strategy implemented. There are a plethora of new construction projects on Maryland Ave with many multi-units that have recently sold for a little under 1-million dollars each! A+ location! Walking distance from Washington Park, Minutes from the Lakefront, proximity to The University of Chicago, the Obama Presidential Library, Dan Ryan, Red Line and Jackson Park! Priced to sell so please act swiftly! ***This property is already hard money approved with our lender that requires 7% down and will finance 100% of the renovation***

6605 S Maryland Avenue, Chicago

$220,000

5 Beds ⋅ 2 Baths ⋅ 11834256 MLS ⋅ CLOSED Status

6646 S Drexel Avenue, Chicago

$345,000

A must see turnkey investment property, this two-flat is located in the thriving Woodlawn neighborhood. Situated adjacent to a new construction development on Drexel, this property offers convenience and proximity to various amenities. Within walking distance, you'll find the developing 63rd St corridor, the soon-to-be expanded Green Line station, and everything this vibrant area has to offer. Notable attractions nearby include the Obama Presidential Center, University of Chicago, and Jackson Park, with many more exciting developments on the horizon for Woodlawn. Each unit in this property features two bedrooms and one bathroom, offering comfortable living spaces. The entire property underwent renovations in 2019, ensuring it is move-in ready. Currently, the top floor unit is rented until February 2024, while the first floor unit is vacant, providing flexibility for either personal use or rental income. Additionally, the basement remains unfinished, offering potential for customization according to your preferences.

4 Beds ⋅ 2 Baths ⋅ 11829403 MLS ⋅ CLOSED Status

A must see turnkey investment property, this two-flat is located in the thriving Woodlawn neighborhood. Situated adjacent to a new construction development on Drexel, this property offers convenience and proximity to various amenities. Within walking distance, you'll find the developing 63rd St corridor, the soon-to-be expanded Green Line station, and everything this vibrant area has to offer. Notable attractions nearby include the Obama Presidential Center, University of Chicago, and Jackson Park, with many more exciting developments on the horizon for Woodlawn. Each unit in this property features two bedrooms and one bathroom, offering comfortable living spaces. The entire property underwent renovations in 2019, ensuring it is move-in ready. Currently, the top floor unit is rented until February 2024, while the first floor unit is vacant, providing flexibility for either personal use or rental income. Additionally, the basement remains unfinished, offering potential for customization according to your preferences.

6421 S Drexel Avenue, Chicago

$203,000

7 Beds ⋅ 2 Baths ⋅ 11808543 MLS ⋅ CLOSED Status

6361 S Greenwood Avenue, Chicago

$620,000

Newly updated cash flowing 3 unit greystone in one of the most desired and fastest growing communities on the south side of Chicago, East Woodlawn! Situated on Greenwood avenue just a couple blocks from the University of Chicago and minutes away from the Obama Center. All units are occupied and features a spacious layout, hardwood floors throughout, updated bathrooms and kitchens with individual heating and cooling! 1st floor is duplexed to a finished basement with two means of egress for a potential 4th unit. Detached Two car garage for convenient parking or additional storage. This one won't last. Bring your buyers, offers and schedule a showing today!

10 Beds ⋅ 4 Baths ⋅ 11812552 MLS ⋅ CLOSED Status

Newly updated cash flowing 3 unit greystone in one of the most desired and fastest growing communities on the south side of Chicago, East Woodlawn! Situated on Greenwood avenue just a couple blocks from the University of Chicago and minutes away from the Obama Center. All units are occupied and features a spacious layout, hardwood floors throughout, updated bathrooms and kitchens with individual heating and cooling! 1st floor is duplexed to a finished basement with two means of egress for a potential 4th unit. Detached Two car garage for convenient parking or additional storage. This one won't last. Bring your buyers, offers and schedule a showing today!

6402 S Greenwood Avenue, Chicago

$195,000

2 Beds ⋅ 3 Baths ⋅ 11665662 MLS ⋅ CLOSED Status

6521 S Woodlawn Avenue, Chicago