$299,999 $1,610 est/mo Sourced by Back At You

6211-13 S Loomis Boulevard,Chicago, IL 60636

Chicago IL, 60636

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Description

Fantastic investment opportunity awaits in the rapidly developing Englewood area! This property boasts a brick 4-unit building along with a charming 2- unit frame coach house, providing a total of 6 units ready for renovation. While the units inside may need some tender loving care (TLC), this property is overflowing with potential for savvy investors. Currently, the rents are below market value, offering the perfect chance for the new buyer to make the necessary improvements and transform it into a highly profitable cash-flowing asset. One of the standout features of this property is its convenient location, situated in close proximity to parks and excellent public transportation options. The neighborhood's ongoing development and growth ensure a promising future for this investment. However, it's important to note that due to the coach units on the property, securing a commercial loan would be the ideal financing option for the acquisition. Don't miss out on the chance to capitalize on this lucrative opportunity! With a strategic vision and the right approach, this property can quickly turn into a gem of an investment in Englewood's thriving real estate market. Act now to seize this rare find and unlock its full potential for long-term success.

Details

MLS#11977853
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1918
Days On Site108
Listing Provided ByCompass | Elias Masud

Features

Story(s)2
Units6

Market Activity 60636

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Listings Checked: 52 seconds ago
StateIL
CountyCook
CityChicago
Zip Code60636
AreaCHI Englewood
Listing VS Median (in 60636)
Price:
$299,999
low | high
Med:
$185,000
88.333127777093% of Average
On Site:
108
low | high
Med:
104.000000
100% of Average
Sourced by Back At You
Listing Updated: May 26, 2024 at 12:32:34 AM PDT