Save

ImagesMap

PreviousNext

Go to image in carousel

Go to image in carousel

Go to image in carousel

Go to image in carousel

Go to image in carousel

PreviousNext

Description

Excellent opportunity in South Chicago! This mixed-use building offers a storefront on the ground floor, 2 - two bedroom residential apartments above, and 1 - two bedroom in the rear of main floor. Perfect for investors or those seeking to capitalize on the area's growth. The property is located within a Tax Increment Financing (TIF) district and Small Business Improvement Fund (SBIF) area, providing access to potential grant funding and financial incentives for renovations. Key Features: No city violations and clear title for a smooth transaction. Repaired roof and new gutters ensure the building's exterior is in good condition. New electrical service has been installed. The property requires a full gut rehab, offering you the chance to customize and modernize the space to your vision. With the potential for both business and residential income, this building presents an ideal project for those ready to invest in a growing neighborhood. Take advantage of the available grants and incentives while creating a highly profitable asset! The seller will not be making any repairs nor providing credits toward the buyer's closing costs. Additionally, the furnace will be removed from the property prior to closing. Please note that water, gas, and electricity have been turned off and will not be reactivated for inspections. Agent is related to seller.

Details

Features

Interior

Taxes

Market Activity 60617

MLS Number: 12271881

Listing Provided By: Lorie Sanders – (773) 510-1832 – loriedoesrealestate@gmail.com

Real People Realty – (815) 469-7449