$375,000
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5005 W Chicago Avenue Chicago, IL 60651
Multi-Family
Residence
7
Beds
3
Baths
...
Bed/Bath
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
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Equity, equity, equity! Owner-occupant/Investor's dream opportunity to build equity in this revitalizing neighborhood! This spacious 2-unit property in the highly sought-after South Austin market offers endless potential with an additional non-conforming basement. Add the finishing details to create... your dream space. The home boasts brand new roof, water heaters, siding, furnaces, and more, leaving only cosmetic & appliance updates for you to create instant built-in equity. Flooded with natural light and plenty of space, this multifamily is a great opportunity to live rent-free by renting out the additional unit plus the basement unit! The cap rate ranges from seven to twelve, making it a prime investment. Plus, the Landbank is offering an amazing TWENTY THOUSAND DOLLAR grant with owner-occupants needing only one thousand at closing. Buyer can use lender of their choice and still receive grant. Don't miss out on this high-potential investment in a rapidly appreciating area! Act fast!! The home is located in a transforming area that is experiencing significant investment and equity growth! Just steps away from the local alderman's office and adjacent to a city-owned lot with a food truck, community church, and a veterans building undergoing renovations. The neighborhood is evolving & home prices are rising fast, located in a close knit community with exciting potential for continued equity.
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MLS#
12173312
Property Type
Multi-Family
Bedrooms
7
Bathrooms
Year Built
1898
Sewer
Public Sewer
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