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$375,000
299 Days Online

2640 N Springfield Avenue
Chicago, IL 60647

For Sale|Multi-Family|Active Under Contract
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of Compass

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2640 N Springfield Avenue2640 N Springfield Avenue2640 N Springfield Avenue2640 N Springfield Avenue
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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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Listing Snapshot
Price 
$375,000
Days Online 
299 Days
Bedrooms 
6
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.07 Acres
Year Built 
1910
MLS Number 
11245835
Status 
Active Under Contract
Property Tax 
$5,647
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 months agoListing updated with changes from the MLS
10 months agoListing first seen online
General Features
Sewer 
Public Sewer
Basement 
FullWalkout
Acreage 
0.07
Listing Conditions 
Short Sale
General Information 
Commuter BusCommuter Train
Garage 
Detached
Rooms Total 
12
Lot Size 
Less Than .25 Acre
Garage Spaces 
2
Water 
Lake Michigan
Interior Features
Heating 
Natural GasRadiant
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Exterior Features
Waterfront Property 
No
Community Features
Township 
Jefferson
MLS Area 
CHI - Logan Square
Schools
School District
299
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing Courtesy of MRED as distributed by MLS Grid of Compass



Based on information submitted to the MLS GRID as of 2022-08-20 05:05 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.
Data last updated: 2022-08-20 05:05 AM UTC
MRED DMCA Copyright Information Copyright © 2022 Midwest Real Estate Data LLC. All rights reserved.

Neighborhood & Commute
Source: Walkscore
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