Amazing Investment Opportunity in West Ridge!
What happens when a property goes into foreclosure? It transforms into an incredible opportunity for someone else! Presenting this charming English Tudor-style 3-flat, brimming with potential, located in the vibrant West Ridge community. This legal 3-flat offers ample space and versatility, making it perfect for investors or owner-occupants alike.
Property Highlights:
- Unit Details:
- Unit 1: 3 Bedrooms / 1.5 Bathrooms
- Unit 2: 3 Bedrooms / 2 Bathrooms
- Unit 3: 3 Bedrooms / 2 Bathrooms
- Occupancy: One unit is currently occupied, while another is vacant and in decent shape for a buyer looking to move in.
- Potential for Renovation: The first-floor unit is in need of renovation, allowing you to customize and create the perfect living space. With over 2,000 square feet on each level, this property can become some of the most sought-after apartments in the neighborhood once renovations are complete.
- Additional Living Space: The finished basement offers additional possibilities with 1 bedroom, 1 bathroom, living space, and a kitchen area, providing flexibility for residents.
- Outdoor Amenities: Residents can enjoy a charming back patio, perfect for relaxing or entertaining. The property also features a 3-car brick garage, a significant advantage in the city.
Neighborhood Amenities: The vibrant West Ridge community offers a plethora of nearby conveniences. Take a culinary trip around the world on Devon Avenue, shop at Target on Peterson, or Aldi’s on California. Enjoy access to public transportation, including a new Metra station just over a mile away, and explore the scenic river trails and the Northshore Sculpture Park along McCormick. With quick access to DuSable LSD or the 94 expressway, this location is ideal for commuting to downtown or the suburbs.
Property Details:
- Each unit is equipped with its own furnace and hot water tank.
- The first, second, and third floors feature central air conditioning (please note that the A/C for the 2nd and 3rd floors is not currently functioning).
- The property is being sold AS-IS, where it stands, and may involve a short sale (to be confirmed).
- Structural concerns have been identified by a professional contractor, with an estimate available upon receipt of an offer.
Important Notes:
- The laundry washer and dryer in the basement will not remain with the property.
- The seller/broker makes no guarantees regarding the legality of the basement unit.
- The seller will make efforts to clear the property of personal belongings but cannot guarantee it.
This beautiful building has the potential to be your home for years (and generations) to come. Don’t miss out on this rare investment opportunity in West Ridge! Schedule a showing today to explore the possibilities!