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2640 N Springfield Avenue

Chicago, IL 60647
  • $375,000
  • STATUS: Active Under Contract
  • ON SITE: 37 Days
  • MLS #: 11245835
Short Sale
UPDATED: 30 min ago
$375,000
  • 6
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1910
County:

School Ratings & Info

School District:
299

Description

What happened here, you ask? Let me tell ya. A big ol' mess. One unit is currently tenant-occupied and they're current on their rent at $1200/month, so that's good. But the rest.. well. Here's what I know: Second floor unit has been demo'ed as you can see from the photos. There is a 3rd floor "unit" which is not really a unit, but it does have a kitchen and full bath so let's be real.. we all know what's going on here. Some stuff happened in the basement - owner started to frame it out to create a 3rd/4th "unit", or maybe wanted to duplex it with the first floor, I suppose. No one really knows what the plan was. The siding needs some help. Soffits and fascia too. But the other good news is: no major violations! Just one, you need chimney caps! And there is NEW electrical service to all areas except the first floor, brand new elec. panels, new AC units and furnaces, and new ductwork as well. There's also a really nice concrete patio and brick garage. Long story short (and there's obviously NO sales pitch here) this is an awesome opportunity to convert this into either a duplex up/duplex down, or both, put your finishing touches on it and then flip it or own and occupy. ARV, depending on how nicely you finish the building, is somewhere between 525-625k. Also, this is a short sale so bring your offers. I do a ton of short sales. Like, a ton. More than I care to admit. Make an offer. If it's solid, I will get it done. Let's goooooooo

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© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2021-11-28T11:58:59.057 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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2640 N Springfield Avenue Chicago, IL 60647

  • Price: $375,000
  • Status: Active Under Contract
  • On Site: 37 Days
  • Updated: 30 min ago
  • MLS #: 11245835
6
Beds
0
Baths
0
½ Baths
0.07
Acres
1910
Built
Neighborhood:
Chi - Logan Square
County:
Cook
Area:
Chi - Logan Square
School District:
299
Property Description
What happened here, you ask? Let me tell ya. A big ol' mess. One unit is currently tenant-occupied and they're current on their rent at $1200/month, so that's good. But the rest.. well. Here's what I know: Second floor unit has been demo'ed as you can see from the photos. There is a 3rd floor "unit" which is not really a unit, but it does have a kitchen and full bath so let's be real.. we all know what's going on here. Some stuff happened in the basement - owner started to frame it out to create a 3rd/4th "unit", or maybe wanted to duplex it with the first floor, I suppose. No one really knows what the plan was. The siding needs some help. Soffits and fascia too. But the other good news is: no major violations! Just one, you need chimney caps! And there is NEW electrical service to all areas except the first floor, brand new elec. panels, new AC units and furnaces, and new ductwork as well. There's also a really nice concrete patio and brick garage. Long story short (and there's obviously NO sales pitch here) this is an awesome opportunity to convert this into either a duplex up/duplex down, or both, put your finishing touches on it and then flip it or own and occupy. ARV, depending on how nicely you finish the building, is somewhere between 525-625k. Also, this is a short sale so bring your offers. I do a ton of short sales. Like, a ton. More than I care to admit. Make an offer. If it's solid, I will get it done. Let's goooooooo
Exterior Features

Exterior Building Type Steel SidingBrick Garage Onsite Yes Garage Ownersite Owned Garage Type Detached Lot Size Less Than .25 Acre Multi Family Type 2 Flat2 Story Unit/S3 Story Unit/S Parking Details Garage Waterfront YN No

Interior Features

Basement Finished Basement Details FullWalkout Bedrooms Below Grade 0 Bedrooms Total 6 Full Baths In Building 3 Half Baths In Building 0 Heating Natural GasRadiant Rooms Total 12

Property Features

Age 100+ Years Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show Yes Corporate Limits Chicago General Information Commuter BusCommuter Train New Construction YN No Ownership Fee Simple Rebuilt YN No Sewer Public Sewer Special Listing Conditions Short Sale Tax Annual Amount 5647.43 Tax Year 2020 Total Numberof Unitsin Building 2 Township Jefferson Type Two To Four Units Water Source Lake Michigan

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Compass.


© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2021-11-28T11:58:59.057 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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4112C Fieldstone Road
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