Listed by Alison Avilesof eXp Realty
$240,000
Est. payment /mo
8 Beds
3,920 Sqft Lot
Active Under Contract
3943 W 14th ST Chicago, IL 60623
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Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12647700
Bedrooms 8
Year Built 1909
Annual Tax Amount $1,815
Tax Year 2024
Lot Size 3,920 Sqft
Lot Dimensions 32 X 125
Property Sub-Type Two to Four Units
Property Description
ATTENTION INVESTORS AND VISIONARIES: Major upside potential awaits! Legal 3-flat in rapidly appreciating North Lawndale neighborhood. This solid brick property offers 8 bedrooms and 3 full baths, with some work already started to create related living or guest space in the lower level. Each unit provides 1500 square feet of living space with generously sized bedrooms. The building sits on an oversized lot, surrounded by a wrought iron fence and is conveniently located within minutes of I-290 and the medical district. Priced to sell in its current, as-is, condition. This is a value-add lease-up opportunity to turn this building into a reliable cash cow. Area median rent for 3-bedroom units hovers around $1750. With some TLC, this property could be the show stopper it once was. ARV is easily in the mid to upper $400K range. Contact a member of our team for more details
Location
State IL
County Cook
Zoning MULTI
Rooms
Basement Unfinished, Full
Interior
Heating Natural Gas, Radiator(s)
Fireplace N
Exterior
View Y/N true
Roof Type Flat
Building
Foundation Brick/Mortar, Stone
Sewer Public Sewer
Water Lake Michigan
Structure Type Brick
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition Short Sale
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