****HIGHEST AND BEST CALLED BY 11/15 ---12PM****This West Woodlawn 4-Unit Brick Multi-Family w/a 5th Owner's Unit in the Basement is ready for its new Owner! This 16 Bedroom Beauty has 4beds/1bath in all of the 4 units. Live in one and rent 3 or add this to your Investor Portfolio for an estimated monthly income of $4400 in rental income with all 4 rented at $1100/Month. There is nothing even close to this in this area on the Market Right Now and it might be quite some time before there is. Two units are rented out and all but one Tenant is M2M with rents under Market! Fourth unit has been lived in recently but needs some work before the unit can be Rent Ready! Note: All units have separate Heat, Electric and Tenants pay their own Cooking Gas. Let's talk Location...this property is less than a 10-minute drive to the site for the Obama Presidential Center, 63rd Street Beach and the Museum of Science and Industry. Minutes to Lake Shore Drive and I90/94, a quick walk to the Newly improved Green Line Train (63rd/Cottage Grove) + half a block away from New Construction and all that has made Woodlawn one of the most fastest growing Communities for Business and Community. PROPERTY IS BEING SOLD AS-IS, WHERE-IS --- NO EXCEPTIONS! PRE-APPROVALS MUST BE EMAILED PRIOR TO APPT CONFIRMATION. Offers must include the PROPERTY ADDRESS in the SUBJECT LINE of the email to be sent. OFFERS SUBMITTED AFTER 5PM ON FRIDAYS WILL BE PRESENTED BY 12:30PM ON MONDAY. ------------------------------------------------------------------------------ Earnest money can be a personal or cashier check made payable to EXIT Strategy Realty located 2235 W. North Ave. Chicago, IL. 60647 or EXIT Strategy Realty/EMA Management located 7300 S Cottage Grove Ave. Both locations have after hours Drop Box and are open M-F 9-5P. PROPERTY DOES NEED SOME WORK, BUT THIS BUILDING HAS BEEN MAINTAINED WITH A PROPERTY MANAGEMENT COMPANY! WON'T PASS FHA, BUT SELLER IS OPEN TO CONVENTIONAL, FHA203K, CASH, HARD MONEY, ETC. ------------------------------------------------------------------------------ WON'T PASS FHA BUT SELLER IS OPEN TO CONVENTIONAL, FHA203K, CASH, HARD MONEY, ETC. FIRST SHOWING WILL BE OF ONE OF THE VACANT UNITs + THE BASEMENT UNIT. ------------------------------------------------------------------------------ Note: Pictures are of the 1N - Unit which was occupied until the Summer of 2021! UPON OFFER A FULL TOUR WILL BE PROVIDED!

Listing courtesy of MRED / Exit Strategy Realty as distributed by MLS GRID

Last checked: Checking… • Last updated Apr 27, 2024 • Source: MRED

MLS# 11265666 — Report a problem