Description
**WATERFRONT OPPORTUNITY WITH MAJOR UPSIDE!** Excellent opportunity for an investor, rehabber, or buyer looking to create value without starting from scratch. This 2-bedroom home features a new garage, partially finished basement, waterfront setting, and an oversized 9,000+ sq. ft. lot. The property offers multiple investment strategies and multiple paths to create value. Take the lighter approach by updating the existing home, maximizing the partially finished basement, and exploring opportunities to add additional living space, bedrooms and/or another bathroom-creating the potential for a strong rental or resale investment. Or think bigger and explore the property as a redevelopment opportunity, including a major expansion or an entirely new-construction project. Large-scale new-construction homes are currently being developed on the same block, demonstrating the investment and redevelopment activity already taking place in the immediate area. With a 9,000+ sq. ft. waterfront lot, buyers have an opportunity to evaluate the strategy that best fits their investment goals. Seller is offering a **$5,000 credit toward a bathroom renovation/update**. **Waterfront. 9,000+ sq. ft. lot. Light-rehab potential. Rental potential. New-construction potential. New development on the block. Partially finished basement. New garage. Multiple paths to create value.** Property sold as-is. **Cash buyers and quick-close offers welcomed.** Bring your vision and move quickly-whether the strategy is renovation, investment, expansion, or new construction, opportunities combining waterfront, land, nearby development, and this level of upside are hard to find.
Details
| MLS # | 12758513 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1951 |
| Days On Site | 14 |
| Listing Provided By | AXEN Realty | Willie Ross |
Features
| Bed(s) | 2 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 1,040 |
| Garage | 4 |
| Basement | Y |
| Story(s) | 1 |
| Acreage | 9343.00 |
| Water Front | Yes |
Interior
| Rooms Total | 5 |
|---|---|
| Cooling | Central Air |
| Heating | Natural Gas, Electric |
Exterior
| Roof | Asphalt |
|---|---|
| Foundation Details | Concrete Perimeter |
| Construction Materials | Brick |
| Fencing | Fenced |
Parking
| Parking Features | Concrete, Garage Door Opener, Garage, EV Ready, Electric Vehicle Charging Station(s), Yes, Garage Owned, Detached |
|---|---|
| Garage Spaces | 4 |
Utilities
| Sewer | Public Sewer |
|---|---|
| Electric | Circuit Breakers |
Taxes
| Tax Year | 2023 |
|---|---|
| Tax Annual Amount | 2538 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60628 |
| Area | CHI West Pullman |
| Listing VS Median (in 60628) | |
Price: $155,000 low | high Med: $164,900 sqft: 1,040 low | high Med: 1,200 $ / sqft: $149 low | high Med: $137 On site: 14 low | high Med: 123 | |
Market Activity 60628
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60628 |
| Area | CHI West Pullman |
| Listing VS Median (in 60628) | |
Price: $155,000 low | high Med: $164,900 sqft: 1,040 low | high Med: 1,200 $ / sqft: $149 low | high Med: $137 On site: 14 low | high Med: 123 | |
