7524 S Kenwood Avenue Chicago, IL 60619

This spacious 4-story property on a double lot is a hidden gem, ready for the right buyer to unlock its full potential. Perfect for an investor or a family looking to create their dream home, this multi-family zoned property was originally designed as a two-unit but could easily be transformed into ...a single-family residence. The current owners started renovations but were unable to complete them, presenting an amazing opportunity to benefit from their hard work! Many of the big-ticket upgrades have already been done, including a newer roof, two furnaces, updated windows, and a recently remodeled kitchen. The first-floor unit offers 2 bedrooms, a kitchen, and two bathrooms, while the second unit on the second floor features 3 bedrooms and 2 bathrooms. The third-floor attic is ready to be duplexed into additional living space, including a possible bedroom and bathroom. The full, unfinished basement boasts high ceilings, offering the option to duplex it with the first floor for even more living space. While the building still requires some finishing touches, including minor plumbing and electrical work (pipes in the basement froze), it's priced to allow room for buyers to use a renovation loan to customize the home to their needs. With high ARVs (After Repair Values), this property offers significant value for investors looking to add equity and realize a strong return. Don't miss this opportunity to transform this diamond in the rough into a stunning, value-filled property! Continue reading