2640 N Springfield Avenue Chicago, IL 60647
Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
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
|3 months ago||Listing updated with changes from the MLS|
|10 months ago||Listing first seen online|