417 E 60th Street
Chicago, IL 60637

Status: Active
Multi Family
10 beds
0 baths
0 sq.ft
Listing Price: $450,000
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About this home

LOCATION, LOCATION, LOCATION! A HALF MILE FROM THE UNIVERSITY OF CHICAGO MEDICAL AND UNIVERSITY CAMPUS 1 MILE FROM THE OBAMA LIBRARY JUST WALK UP 60TH STREET AND YOU ARRIVE AT THE LIBRARY WALK A LITTLE FURTHER EAST AND YOUR AT THE MUSEUM OF SCIENCE AND INDUSTRY AND JUST BEYOND THAT THE LAKE FRONT AND BEACH! A 15 MINUTE DRIVE TO DOWNTOWN CHICAGO! THIS IS UNIQUE OPPORTUNITY FOR A SEASONED DEVELOPER OR REHABBER. TOO MANY EXIT OPTIONS: PERFECT FOR AN RENTAL HOLD, Airbnb, STUDENT HOUSING OR CONDO CONVERSION! THIS CHICAGO STYLE YELLOW BRICK 4 STORY BUILDING HAS VIEWS OF WASHINGTON PARK LOCATED ACROSS THE STREET. THE BUILDING REQUIRES RENOVATION AND REPAIR HOWEVER THE ESTIMATED AFTER RENOVATION VALUE (ARV) IS POTENTIALLY SUBSTANTIAL. THREE UNITS HAVE THREE BEDROOMS ONE BATH. THE GARDEN UNIT IS A ONE BEDROOM ONE BATH. BONUS ALL UNITS HAVE INDIVIDUAL FURNACE AND HOT WATER TANK. TENANT PAYS ALL UTILITIES. LARGE REAR YARD IDEAL FOR INSTALL OF GARAGE FOR ADDITIONAL INCOME. I WOULD NOT WAIT IF I WERE YOU, A TRUE UNIQUE OPPORTUNITY IN WASHINGTON PARK! THIS IS A TRUE REHAB PROJECT FOR SEASONED PROFESSIONALS! BRING YOUR CONTRACTORS.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1922
Exterior Building Type Brick
Parking None
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - Woodlawn
Corporate Limits Chicago
Directions LAKE SHORE DRIVE TO 53RD STREET EXIT 53RD TO LAKE PARK SOUTH ON LAKE PARK TO 55TH STREET WEST ON 55TH STREET TO COTTAGE GROVE SOUTH ON COTTAGE GROVE TO 60TH STREET WEST ON 60TH TO PROPERTY. BUILDING ON THE SOUTH SIDE OF STREET ACROSS FROM WASHINGTON PARK. OR NORTH OR SOUTH ON MLK STREET TO 60TH STREET EAST ON 60TH STREET BUILDING ON THE SOUTH SIDE OF STREET ACROSS THE STREET FROM WASHINGTON PARK.
Elementary Sch Dist 299
Heat/Fuel Natural Gas
High Sch Dist 299
Sewer Public Sewer
Water Public
Jr High/Middle Dist 299
Township Hyde Park
Interior Features
Basement Description Partially Finished
Basement Partial
Bedrooms Count 10
Bedrooms Possible 10
Baths Count 4
Full Baths in Building Count 4
Total Rooms 22
Units
unit 1
Beds Total 1
Baths Total 1
Actual Rent 650
Appliances And Features None
Full Baths Total 1
Lease Expiration Date 8/24
Rooms Total 4
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 2
Beds Total 3
Baths Total 1
Appliances And Features None
Full Baths Total 1
Rooms Total 6
Tenant Pays Electric, Gas, Heat
Floor Number 2
unit 3
Beds Total 3
Baths Total 1
Appliances And Features None
Full Baths Total 1
Rooms Total 6
Tenant Pays Electric, Gas, Heat
Floor Number 3
unit 4
Beds Total 3
Baths Total 1
Actual Rent 1000
Appliances And Features None
Full Baths Total 1
Lease Expiration Date 4/24
Rooms Total 6
Tenant Pays Electric, Gas, Heat
Floor Number 4
Property / Lot Details
Lot Dimensions 35 X 125
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 4 Flat
Number Of Units in Building 4
Property Type Two to Four Units

Financials

Investment Profile Residential Income

Tax/Assessments/Liens

PIN 20154010050000
Special Assessments N
Taxes $5,141
Tax Year 2022
$450,000 Listing Price:
MLS # 12042838
Investment Profile Residential Income
Listing Market Time 16 days
Basement Partial
Type Unit 4 Flat
Number of Units in Building 4
Parking None
List Date 04/30/2024
Year Built 1922
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