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3550 W Diversey Avenue

Chicago, IL 60647
  • $600,000
  • STATUS: Active Under Contract
  • ON SITE: 43 Days
  • MLS #: 11413000
Under Contract
UPDATED: 52 min ago
$600,000
  • 6
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1911
County:

School Ratings & Info

School District:
299

Description

A seriously amazing opportunity! A well cared, terrific income producing legal 3 flat in the hottest neighborhood in the city. What more could you want? Wait for it....this building has a ton of space (approximately 500 sq ft) that could be used as an art or photography studio, a huge storage area or can you say ADU potential incremental income? Prior to my seller's purchase, it was an illegal unit that was decommissioned at the time their purchase. Drywall is hung, electrical in, bath roughed in not much left to do....Now for the balance of the building. The top floor unit is 3-bedroom and 2 bath with gorgeous vintage details. The second-floor unit is a 2 bed, 1 bath home. Both units are large sunlit apartments with separate dining rooms, update kitchens and baths and enclosed back porches allowing for terrific storage for the occupant. The ground floor front unit is a cozy 1 bed, 1 bath with an eat in kitchen and large living room. This could be a terrific Air BnB as its separate entity from the primary building. Newer laundry unit in basement, parking for 4 cars or ample space to add a garage. A great opportunity to either live-in one unit and have the others pay your mortgage OR rent all three with strong cashflow and little upkeep. Plus the former illegal 4th ground floor unit has endless possibilities for an additional income stream. Terrific opportunity. Solid building but sold as -is.

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© 2022 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 2022-07-06T15:03:08.317 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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3550 W Diversey Avenue Chicago, IL 60647

  • Price: $600,000
  • Status: Active Under Contract
  • On Site: 43 Days
  • Updated: 52 min ago
  • MLS #: 11413000
6
Beds
0
Baths
0
½ Baths
0.07
Acres
1911
Built
Neighborhood:
Chi - Avondale
County:
Cook
Area:
Chi - Avondale
School District:
299
Property Description
A seriously amazing opportunity! A well cared, terrific income producing legal 3 flat in the hottest neighborhood in the city. What more could you want? Wait for it....this building has a ton of space (approximately 500 sq ft) that could be used as an art or photography studio, a huge storage area or can you say ADU potential incremental income? Prior to my seller's purchase, it was an illegal unit that was decommissioned at the time their purchase. Drywall is hung, electrical in, bath roughed in not much left to do....Now for the balance of the building. The top floor unit is 3-bedroom and 2 bath with gorgeous vintage details. The second-floor unit is a 2 bed, 1 bath home. Both units are large sunlit apartments with separate dining rooms, update kitchens and baths and enclosed back porches allowing for terrific storage for the occupant. The ground floor front unit is a cozy 1 bed, 1 bath with an eat in kitchen and large living room. This could be a terrific Air BnB as its separate entity from the primary building. Newer laundry unit in basement, parking for 4 cars or ample space to add a garage. A great opportunity to either live-in one unit and have the others pay your mortgage OR rent all three with strong cashflow and little upkeep. Plus the former illegal 4th ground floor unit has endless possibilities for an additional income stream. Terrific opportunity. Solid building but sold as -is.
Exterior Features

Architectural Style Brownstone Exterior Building Type Brick Exterior Features PorchStorms/Screens Is Parking Included In Price Yes Lot Features SidewalksStreetlights Lot Size Standard Chicago Lot Multi Family Type 3 Flat Other Structures Other Parking Details Space/S Parking Features UnassignedOff Alley Parking Onsite Yes Parking Ownership Owned Parking Total 4 Roof Flat Waterfront YN No

Interior Features

Basement Partially Finished Basement Details FullWalkout Bedrooms Below Grade 0 Bedrooms Total 6 Full Baths In Building 4 Half Baths In Building 0 Heating Forced Air Room Type Enclosed Porch Rooms Total 15

Property Features

Additional Parcels YN No Age 100+ Years Built Before1978 YN Yes Community Features CurbsSidewalksStreet LightsStreet Paved Contingency Attorney/Inspection Continue To Show Yes Corporate Limits Chicago General Information Commuter BusCommuter TrainInterstate Access Mls Actual Status Contingent New Construction YN No Ownership Fee Simple Rebuilt YN No Rehab Year 2012 Sewer Public Sewer Special Listing Conditions List Broker Must Accompany Tax Annual Amount 7320.46 Tax Year 2020 Total Numberof Unitsin Building 3 Total Rental Income 4150.00 Township Jefferson Type Two To Four Units Water Source Public Zoning Multi

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of @Properties Christie's International Real Estate.


© 2022 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 2022-07-06T15:03:08.317 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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