Multi-family home 6 bedroom house for sale

Beautiful 3-Flat in Woodlawn – FHA Assumable Loan Available!

Seize the opportunity to own a stunning 3-flat in the thriving Woodlawn neighborhood, featuring a newer oversized construction building. This property is perfect for both investors and owner-occupants looking to capitalize on its exceptional potential.

Investment Highlights:

• FHA Assumable Loan: Take advantage of a remarkably low interest rate of just 2.25%. This is an incredible benefit for buyers seeking affordability in their mortgage payments.
• Spacious Units: Each apartment boasts a generous layout with 4 bedrooms and 2 bathrooms, providing ample space for families or groups of students.
• Recent Renovations: The middle unit has been beautifully remodeled with refinished floors, creating an inviting atmosphere. The other units also offer a great canvas for updates or improvements to maximize rental income.

Rental Potential:

• Below Market Rents: Current rents are below market value, presenting a significant opportunity for rental increases. With the demand for housing in this area, investors can expect strong cash flow and appreciation.

Prime Location:

• Convenient Access: Located within walking distance to The University of Chicago, Washington Park, grocery stores, and schools, this property is ideally situated for tenants seeking both convenience and community.

Flexible Financing Options:

• Offers Welcomed: This property is open to CASH, Conventional, and FHA offers, making it accessible to a variety of buyers.

Sold AS-IS

• This property is being sold AS-IS, allowing you to shape it to your vision. Don’t miss out on this fantastic investment opportunity in a rapidly appreciating neighborhood!