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Listed by Cassandra Sneedof EXIT Strategy Realty
$ 170,000
Est. payment /mo
Active Under Contract
6640 S Wolcott Avenue Chicago, IL 60636
6 Beds
3,920 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12509039
Bedrooms 6
Year Built 1907
Annual Tax Amount $738
Tax Year 2023
Lot Size 3,920 Sqft
Lot Dimensions 25 X 125
Property Sub-Type Two to Four Units
Property Description
As is, where is --- This solid brick multi-family located at 6640 S Wolcott Avenue in the Englewood community is officially on the market and awaiting a new owner who's ready to add some love and unlock its true potential! The current rents total approximately $1,300/month between the Garden Unit ($425) and 1st Floor Unit ($850) - and with the vacant 2-Bedroom on the 2nd Floor, you can easily boost your income by at least $1,250/month right away! Each floor offers 2 bedrooms / 1 bath, plus a separate living room, dining room, and eat-in kitchen. With value-add updates, rents can be increased, and the basement presents potential for tenant storage + common laundry. The rear of the home features the existing garage slab - ready to be repurposed for fenced, off-street parking that can generate additional monthly income. Englewood is one of the 10 communities included in Chicago's INVEST South/West Corridor Improvement Initiative - signaling continued momentum and revitalization. This is the perfect time to secure a cash-flowing property in a community on the rise! Note: Seller makes no representation as to the legality of the garden unit.--- As is, where is
Location
State IL
County Cook
Zoning MULTI
Rooms
Basement Partially Finished, Full, Walk-Out Access
Interior
Heating Radiant
Fireplace N
Exterior
View Y/N true
Building
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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