Homes for sale - 7524 S Kenwood AVE, Chicago, IL 60619

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Legacy Property Management

Property Management

propertymanagement@legacypropertiesil.com +1(224) 999-9200

$ 199,000

Est. payment | -/mo

5 Beds

5 Baths

9,583 Sqft Lot

Save

$ 199,000

Est. payment | -/mo

Save

5 Beds

5 Baths

9,583 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 12301233

Bedrooms 5

Year Built 1893

Annual Tax Amount $3,380

Tax Year 2022

Lot Size 9,583 Sqft

Lot Dimensions 125.8'X74.1'

Property Sub-Type Two to Four Units

Property Description

This spacious 4-story property on a double lot is a hidden gem, ready for the right buyer to unlock its full potential. Perfect for an investor or a family looking to create their dream home, this multi-family zoned property was originally designed as a two-unit but could easily be transformed into a single-family residence. The current owners started renovations but were unable to complete them, presenting an amazing opportunity to benefit from their hard work! Many of the big-ticket upgrades have already been done, including a newer roof, two furnaces, updated windows, and a recently remodeled kitchen. The first-floor unit offers 2 bedrooms, a kitchen, and two bathrooms, while the second unit on the second floor features 3 bedrooms and 2 bathrooms. The third-floor attic is ready to be duplexed into additional living space, including a possible bedroom and bathroom. The full, unfinished basement boasts high ceilings, offering the option to duplex it with the first floor for even more living space. While the building still requires a lot of work, including minor plumbing and electrical work (pipes in the basement froze), it's priced to allow room for buyers to use a renovation loan to customize the home to their needs. With high ARVs (After Repair Values), this property offers significant value for investors looking to add equity and realize a strong return. Don't miss this opportunity to transform this diamond in the rough into a stunning, value-filled property!

Location

State IL

County Cook

Area Chi - South Shore

Rooms

Basement Full

Interior

Heating Natural Gas

Fireplace N

Building

Dwelling Type Two to Four Units

Sewer Public Sewer

Water Lake Michigan

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Michael Savegnago • Legacy Properties, A Sarah Leonard Company

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(224) 999-9200

propertymanagement@legacypropertiesil.com

1350 Remington Rd, Suite B, Schaumburg, IL, Other

7524 S Kenwood AVE Chicago, IL 60619