Description
Great Investment opportunity in developing Woodlawn! Brick 4 Unit Building with a Coach Unit in the rear of building above the garage. This building has enormous potential and a new roof membrane! The building does need some TLC. The first floor is a 3 bed / 1 bathroom. The 2nd floor and 3rd floor are 4 bedroom / 1 bathroom so these are larger units. The basement unit and coach unit are 1 bedroom / 1 bathroom. Current rents are at $1,000 per unit which are well below the current market. With improvements market rate for the 3 bedroom is $1,300+ and the 4 bedrooms are $1,500+. The building is in very close proximity to The University of Chicago, The Obama Presidential Center, Jackson Park Golf Course, Lake Michigan, and easy access to Lake Shore Drive. This property requires a Commercial Loan due to the Coach Unit above the garage.
Location
Based on information submitted to the MRED as of date and time shown below. All data is obtained from various
sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change
without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the
office/agent presenting the information. © 2022. http://www.mredllc.com/comms/resources/DMCA_Notice.pdf Updated: 30th May, 2023 5:26 PM (UTC)
sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change
without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the
office/agent presenting the information. © 2022. http://www.mredllc.com/comms/resources/DMCA_Notice.pdf Updated: 30th May, 2023 5:26 PM (UTC)
Attribution contact: 773-466-7150
Listing Office: Compass
