1421 East 69th Place

Chicago, IL 60637

$209,990
Price
8
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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.
  1. Listed by Andrzej Olszowka • Arc Red Inc Arc Realty Group

Property Details for 1421 East 69th Place

Area
CHI - South Shore
Township
Hyde Park
Ownership
Fee Simple
Num Of Parking Spaces
4.0
Heat/Fuel
Natural Gas

Location

Listing Courtesy of Arc Red Inc Arc Realty Group
Add your commute
LISTING UPDATED: 06/17/2024 12:07 AM

Property Details for 1421 East 69th Place

StatusActive
MLS #11771780
Days on Market429
Taxes$2,817 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 4 Flat
Year Built1910
Lot Size0.14 AC / 6,098 SF
CountyCook County

Location

Listing Courtesy of Arc Red Inc Arc Realty Group
Add your commute

Building Information for 1421 East 69th Place

Stories-Residences4Year Built1910Building Size-Lot Size0.14 AC / 6,098 SF

Payment Calculator

$1,381 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,146

Property Taxes

$235

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1421 East 69th Place

General Information
School Information
  • Elementary School District: 130
  • High School District: 130
  • Middle Or Junior School District: 130
Addtl Parking Information
  • Parking: Space/s
  • Parking On Site: true
  • Parking Ownership: Owned
  • Open Parking Spaces: 4.0
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num Of Rooms: 16
  • Bedrooms (Below Grade): 0
  • Basement Type: Full
  • Bedrooms Possible: 8
  • Basement Description: Unfinished
  • # Full Baths in Building: 4
  • # Half Baths in Building: 0
  • Num of Baths: 4.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 50X125
  • Total # Units in Building: 4.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • General Information: None
  • North Coordinate: 0
  • South Coordinate: 6900
  • East Coordinate: 1421
  • West Coordinate: 0
  • 3 Br Un In Bldg: No
Property and Assessments
  • Public Document Count: 4
  • Document Date: 2023-08-10T16:46:07
  • Photos Count: 14
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: Image360+realtor
  • Virtual Tour YN: Yes
Multi Family
Unit 1
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 0
Unit 2
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 0
Unit 3
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 0
Unit 4
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
  • Lease Expiration Date: 0

Property History for 1421 East 69th Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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1421 East 69th Place is a multi-family home for sale in Chicago, IL 60637. This property was listed for sale on May 1, 2023 by Arc Red Inc Arc Realty Group, it's currently listed at $209,990. This listing's school district is City Of Chicago School District 299. Nearby schools include Wadsworth PreK-8th STEM School, Hyde Park Academy High School and South Shore Fine Arts Elementary School. 1421 East 69th Place is a 8-bed, 4-bath, multi-family home built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Arc Red Inc Arc Realty Group

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 06/17/2024 12:07 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.