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MLS Properties
28
$495,000 Sale
Listed 1 day
1645 N Central Park Avenue IL
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Key Facts
Key facts for 1645 N Central Park Avenue IL
Property Type
Apartment, American 4-Sq.
Parking
2 garage, 2 parking
MLS #
12803809
Size
-
Basement
Partially Finished,Full
Listed on
-
Lot size
-
Tax
$6,494 /yr
Days on Market
-
Year Built
1888
Maintenance Fee
-
Description
Investor Goldmine! This is an ultra-rare value-add opportunity on a gigantic 177 Deep lot backing right up to Simons Park and with immediate access to the 606 Trail. The building features highly desirable 3-bedroom, 2-bathroom layouts in both primary units, offering fantastic rent potential. The pro...perty is being sold with existing city code violations requiring the removal of the current basement unit and the reinforcement or rebuilding of the rear stairs. For a savvy buyer, this is the ultimate catalyst for forced appreciation through sweat equity. Situated perfectly within Chicago's ADU allowed area, the mandatory lower-level remediation provides a clean slate to pull permits and legally build out at least one, and potentially two, Additional Dwelling Units. Transform this into your cash flowing gem. Unbeatable, quickly appreciating location to coffee shops, grocery stores, minutes to Logan Square and with immediate access to the 606 trail and a beautiful park directly behind. Bring your contractor to capitalize on this incredible potential. Sold strictly as-is.
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Listing courtesy of: Compass

Listings courtesy of MRED as distributed by MLS GRID.