Attention Investor and Rehabbers, exceptional value-add opportunity in the highly desirable Peterson Park/West Ridge neighborhood. This legal 3-unit building is being sold AS-IS. The third unit is legal, but unfinishedand offers tremendous upside for investors, developers, or owner-occupants looking to build equity. Over $95,000 in major improvements have already been completed, the basement has an approximately 7-foot ceiling height, new main support beams, new main sewer line, and separate gas and electric meters for each unit. The basement slab has been intentionally left open, allowing the next owner flexibility to install plumbing and electrical prior to completion. Each unit offers updated baths, newer laminate flooring, 6-panel doors, updated lighting, ceiling fans, refreshed kitchens, and newer vinyl windows throughout. The second-floor kitchen also features a skylight for added natural light. Enjoy a fenced yard with a cement block patio and a 2-car garage. The semi-finished garage includes flooring, faux brick walls, and a loft area, offering great potential for an office, studio, or man cave. Additional features include window A/C units, newer water heaters from 2019, and radiant heat for units 1 and 2. Conveniently located near shopping, Mather Park, and bus routes 84, 11, and 93.
— the listing agent’s description
The home
7 beds
2 baths
Built in 1921
0.08-acre lot
2-car garage
Two to Four Units
Brownstone
What it’ll cost
$10,601 taxes / yr
No HOA
61 days on dwello
Estimated monthly payment
$4,529/mo
Principal & interest$3,456
Property taxes$883
Homeowners insurance$190
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Assessed value from the Cook County Assessor (open records). Estimated market ≈ assessed × 10 for residential; not an appraisal — verify with the assessor.