1421 East 69th Place
1421 East 69th Place
$209,990
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Description
Value add 4-plex in opportunity zone with a full basement potential for another apartment. This property for sale is a multi-unit apartment building of approx 3844 SF on the land 6176 SF. It is located in the highly sought-after Woodlawn area. Constructed entirely of durable brick, this building boasts four units that have the potential to yield significant returns in a market with high rental demand. New windows on front, clean up 2023, providing a solid foundation for the new owner's plans. However,...Value add 4-plex in opportunity zone with a full basement potential for another apartment. This property for sale is a multi-unit apartment building of approx 3844 SF on the land 6176 SF. It is located in the highly sought-after Woodlawn area. Constructed entirely of durable brick, this building boasts four units that have the potential to yield significant returns in a market with high rental demand. New windows on front, clean up 2023, providing a solid foundation for the new owner's plans. However, it's important to note that the property needs extensive rehabilitation to become livable. The current layout of the building includes four apartments and full unfinished basement, but the new owner can make modifications to suit their own vision. The property has permits available, allowing the new owner to take over from the seller and create a space with eight or ten bedrooms and four or five baths once the rehabilitation is complete. The motivated seller is offering the property "As-Is Conditions," and interested buyers should contact the listing broker for more information, including any available drawings and permits. Comparable properties in the area have an average price of $765K, indicating that this property offers a potentially lucrative investment opportunity. However, interested buyers should be prepared to invest significant time and resources to make the property habitable. This is an excellent opportunity to own a prime real estate property in a hot market, so don't miss out on the chance to make this investment. Contact the listing broker today for more information on this property with excellent potential once rehab is complete. PLEASE NOTE: Property have Two PIN numbers. "As-Is Conditions" Buyer needs to do their own Due-Diligence.
- Listed by Andrzej Olszowka • Arc Red Inc Arc Realty Group
Property Details for 1421 East 69th Place
Area
CHI - South Shore
TownshipHyde Park
OwnershipFee Simple
Num Of Parking Spaces4.0
Heat/FuelNatural Gas
Location
LISTING UPDATED: 06/17/2024 12:07 AM
Property Details for 1421 East 69th Place
Status | Active |
---|---|
MLS # | 11771780 |
Days on Market | 429 |
Taxes | $2,817 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Two to Four Units / 4 Flat |
Year Built | 1910 |
Lot Size | 0.14 AC / 6,098 SF |
County | Cook County |
Location
Building Information for 1421 East 69th Place
Stories-Residences4Year Built1910Building Size-Lot Size0.14 AC / 6,098 SF
Payment Calculator
$1,381 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1421 East 69th Place
Property History for 1421 East 69th Place
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1421 East 69th Place
Taxable ValueLand$3,437Additions$10,582Total$14,019
Tax Record2019$2,817 ($235 / month)
Home Facts
Baths2Total Finished SqFt1,922 SqFtAbove Grade Finished SqFt1,922 SqFtStories2Lot Size3,125 SqFtStyleMulti-Family Res (5+ Units)Year Built1910CountyCOOKAPN20-23-416-008Fireplace TypeHas Fireplace
Schools near 1421 East 69th Place
This home is within City Of Chicago School District 299.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Public - | PK to 8 | |||
Public - | PK to 6 |
Rating | School | Distance |
---|---|---|
Wadsworth PreK-8th STEM School PublicPK to 8 | ||
Hyde Park Academy High School Public9 to 12 | ||
South Shore Fine Arts Elementary School PublicPK to 8 | ||
Woodlawn Elementary Community School PublicPK to 6 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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