Fantastic Multifamily Opportunity in Chicago’s South Side!
---
Property Overview:
Explore this incredible multifamily property located on South Minerva Avenue, Chicago, Illinois, 60637.
With a total of 9 bedrooms and 3 bathrooms spread across 3000 sqft, this property offers a plethora of possibilities.
Description:
Featuring 3 units plus a basement that can be converted into an additional unit, this property presents a unique opportunity for rental income or multigenerational living.
The full gut rehab estimate allows for a complete transformation to maximize its potential.
Financial Overview:
- Listing Price: $187,000
- After Repair Value (ARV): $785,000
- Rehab Estimate: Full Gut
Property Condition:
This property requires a full gut renovation to unlock its true potential.
With a solid foundation and spacious layout, the possibilities for customization are endless.
Features:
- Size: Offering 3000 sqft of living space on a 4125 sqft lot, this multifamily property provides ample room for comfortable living.
- Units: With 3 units already in place and the potential to convert the basement into an additional unit, this property offers flexibility for various living arrangements.
- Location: Situated in Chicago’s vibrant South Side, residents will enjoy easy access to amenities, parks, and transportation, making it an ideal location for both tenants and homeowners.
Comparables:
- 6535 South Greenwood Avenue, Chicago, IL 60637 on 1/29/2024 sold for $785,000 (*fully rehabbed ARV comp*)
- 6625 South Minerva Avenue, Chicago, IL 60637 on 11/29/2023 sold for $587,500 (*clean as-is*)
Whatsapp
