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MLS Properties
23
6505 S Peoria Street IL
$149,900 Sale
Listed 9 hours ago
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Key Facts
Key facts for 6505 S Peoria Street IL
Property Type
Apartment
Parking
2 garage, 2 parking
MLS #
12473707
Size
-
Basement
Finished,Full
Listed on
-
Lot size
-
Tax
$1,265.96 /yr
Days on Market
-
Year Built
1905
Maintenance Fee
-
Description
A rare opportunity in Englewood: a legally conforming 3-unit masonry building with over 4,600 square feet of interior space and massive long-term upside. Walking distance from the 63rd and Halsted shopping center including a new Starbucks. This is a true value-add play for experienced investors who ...can see the potential through the clutter. The property will be delivered vacant. Investor Highlights: -Legal 3-unit - no zoning issues or conversions required -9 bedrooms / 3 bathrooms -Over 4,600 SF including full basement -Solid masonry structure with good bones -2.5-car garage -Sits on a 3,500 SF lot. Incentives & Financial Tools (22 Available): This property qualifies for a staggering array of local, state, and federal programs, including: -Purchase assistance (BNAH) -TIF Purchase-Rehab eligibility -Opportunity Zone + New Markets Tax Credits -Solar + energy tax credits (Illinois Solar for All, IRA) -TaxSmart MCC + IHDA Targeted Area bonuses -CRA credit eligibility + multiple grant programs Location & Momentum: -Located in an Enterprise Zone, TIF District, Opportunity Zone, and IHDA Revitalization Area -Minutes from Halsted CTA and other major transit routes -Within the INVEST South/West revitalization corridor -Surrounded by active development and municipal investment This is a high-upside investment in a neighborhood undergoing transformation. Whether you want to rehab and rent, renovate and resell to owner-occupants, or hold as a cash-flowing asset with appreciation potential, this is a solid foundation with the kind of incentives rarely seen in one property. Bring your vision and seize the opportunity.
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Listing courtesy of: Pearson Realty Group

Listings courtesy of MRED as distributed by MLS GRID.