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8248 S Houston Avenue

Chicago, IL 60617
  • $58,000
  • STATUS: Closed
  • ON SITE: 69 Days
  • MLS #: 11948351
Sold - 02/21/2024
$58,000
SOLD - 02/21/2024
  • 5
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1885
County:

School Ratings & Info

School District:
299

Description

$1,200 BUYER CLOSING CREDIT! Very nice 3 flat on a great block! HOWEVER, it needs WORK! The photos are VERY accurate and represent existing conditions. The building has been stripped and will require all new MEPs, half a new slab in the basement and generally medium-level cosmetic work throughout in the upstairs units. You will also need new front and rear porch systems. The great news? There is a LOT of upside potential for the stabilized asset, which is why you will want to buy this bad boy today! Currently configured as a 2/1 garden unit, a 1/1.1 first floor simplex and a 3/1 duplex up. The HVAC and hot water heater are +/- 4 years old. Located directly across the street from an elementary school park, 1/2 block to Metra's S. Shore Line, close to shopping and restaurants along Exchange & Commercial Avenues and just a 15 minute ride to Millennium Park's Bean! Sale price includes architectural plans for creating a 3/2 duplex in the 3rd floor. Architect can amend and change plans according to the buyer's preferences. Alternatively, the building can also be de-converted into large 5/3 SFH with $3,500-$4,000 per month cash flow potential! Comps in the immediate area can exceed the high $300s. See Broker Private Remarks for a link to stabilized comps. PLEASE NOTE: Architect's proposed renovation plans under the Additional Information Tab.

Sold by Homevue Realty, Inc.

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© 2024 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 2024-02-24T23:58:02.89 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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8248 S Houston Avenue Chicago, IL 60617

  • Price: $78,300
  • Status: Closed
  • On Site: 69 Days
  • Updated: 239 min ago
  • MLS #: 11948351
5
Beds
0
Baths
0
½ Baths
N/A
Acres
1885
Built
Neighborhood:
Chi - South Chicago
County:
Cook
Area:
Chi - South Chicago
School District:
299
Property Description
$1,200 BUYER CLOSING CREDIT! Very nice 3 flat on a great block! HOWEVER, it needs WORK! The photos are VERY accurate and represent existing conditions. The building has been stripped and will require all new MEPs, half a new slab in the basement and generally medium-level cosmetic work throughout in the upstairs units. You will also need new front and rear porch systems. The great news? There is a LOT of upside potential for the stabilized asset, which is why you will want to buy this bad boy today! Currently configured as a 2/1 garden unit, a 1/1.1 first floor simplex and a 3/1 duplex up. The HVAC and hot water heater are +/- 4 years old. Located directly across the street from an elementary school park, 1/2 block to Metra's S. Shore Line, close to shopping and restaurants along Exchange & Commercial Avenues and just a 15 minute ride to Millennium Park's Bean! Sale price includes architectural plans for creating a 3/2 duplex in the 3rd floor. Architect can amend and change plans according to the buyer's preferences. Alternatively, the building can also be de-converted into large 5/3 SFH with $3,500-$4,000 per month cash flow potential! Comps in the immediate area can exceed the high $300s. See Broker Private Remarks for a link to stabilized comps. PLEASE NOTE: Architect's proposed renovation plans under the Additional Information Tab.
Exterior Features

Exterior Building Type Frame Garage Onsite Yes Garage Ownersite Owned Garage Type Detached Lot Size Standard Chicago Lot Multi Family Type 3 Flat Parking Details Garage Parking Total 2 Waterfront YN No

Interior Features

Basement Finished Basement Details Full Bedrooms Below Grade 0 Bedrooms Total 5 Full Baths In Building 4 Half Baths In Building 0 Heating None Rooms Total 10

Property Features

Additional Parcels YN No Age 100+ Years Built Before1978 YN Yes Corporate Limits Chicago Financing Cash General Information None Mls Actual Status Closed New Construction YN No Ownership Fee Simple Rebuilt YN No Sewer Public Sewer Short Sale Not Applicable Special Listing Conditions None Tax Annual Amount 940.1 Tax Year 2021 Total Numberof Unitsin Building 3 Township Hyde Park Type Two to Four Units Water Source Lake Michigan Zoning MULTI

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of Chicago Real Estate Authority: 773-968-1110.


© 2024 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 2024-02-24T23:58:02.89 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
Champaign IL, 61822