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7225 S Woodlawn Avenue Chicago, IL 60619
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Key Details
Sold Price $85,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12107263
Sold Date 08/26/24
Bedrooms 3
Year Built 1910
Annual Tax Amount $379
Tax Year 2022
Lot Dimensions 35 X 100
Property Description
Located in highly sought after south Woodlawn community this building is a blank slate waiting for its artist to bring back to life! The building is situated on a large corner lot and features an all brick exterior with a fenced yard! The building was at one time a legal three unit and has been stripped completely on the interior and is just a shell. There is no flooring, no walls, nothing on the interior, three stories of brick with the interior needing to be finished. Former owner did replace the roof and did some tuckpointing to the property, buyer will assume the repairs but the potential is endless. WE are seeing renovated values in the mid $300K range, make 3 bedrooms per unit and create a cash cow or duplex the first floor unit to the basement and make one of the units an owners unit while watching your equity soar! The location is hard to beat, close to Skyway, Lake and public transportation, there is so much potential with this building and at this price will not last long.
Location
State IL
County Cook
Rooms
Basement Full, Walkout
Interior
Heating Natural Gas
Fireplace N
Exterior
Waterfront false
View Y/N true
Building
Sewer Public Sewer
Water Lake Michigan, Public
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition REO/Lender Owned
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Yesnaya Toledo • Realty of Chicago LLC