$ 688,000
2219 W Berwyn Avenue Chicago, IL 60625
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$ 688,000
Est. payment /mo
Active Under Contract
2219 W Berwyn Avenue Chicago, IL 60625
6 Beds
3,049 Sqft Lot
UPDATED:
10/28/2024 04:38 PM
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12094973
Bedrooms 6
Year Built 1925
Annual Tax Amount $9,872
Tax Year 2022
Lot Size 3,049 Sqft
Lot Dimensions 25 X 125
Property Description
Lincoln Square property, fantastic opportunity for investors, developers, or homeowners. Located on a beautiful tree-lined street, this property has immense potential. Its prime location near Winnemac Park, the Metra, and the Brown Line train makes it attractive to both tenants and buyers. The building itself is a well-maintained two-unit brick structure. Each unit features recently-remodeled kitchens with modern cabinets and quartz countertops, as well as three bedrooms and one bathroom. The hardwood flooring adds to the charm of the units. Significant upgrades have been made to the property, including a new rear porch in 2019, new windows on the first and second floors, and a new water heater in 2021. These improvements ensure that the building is in excellent condition and ready to be utilized to its full potential. The garage on the property requires some cosmetic work, but with a little investment, it can be transformed into a functional and appealing space. Additionally, the basement of the building has a ceiling height of 7 ft, providing ample space for storage or potential additional living areas. What sets this property apart is its eligibility for the City of Chicago's ADU Pilot Program. This means that there is the opportunity to legally add at least one more living unit, further increasing its investment value. Alternatively, one can choose to duplex down and create a spacious owner-occupied unit or convert it into a single-family home. Surrounded by homes valued at $1.5 million, this property is a must-see for savvy investors. It is currently rented, providing a steady rental income while offering the potential to be remodeled and expanded. With an open mind and a clear vision, you can unlock the hidden investment potential of this property and transform it into a lucrative opportunity.
Location
State IL
County Cook
Zoning MULTI
Rooms
Basement Full
Interior
Heating Natural Gas
Fireplace N
Exterior
Garage Detached
Garage Spaces 2.0
Waterfront false
View Y/N true
Roof Type Flat
Building
Sewer Public Sewer
Water Lake Michigan
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Luminita Ispas • Century 21 S.G.R., Inc.