7225 S Woodlawn Avenue
Chicago, IL 60619

Status: Sold
Multi Family
3 beds
0 baths
0 sq.ft
Listing Price: $85,000

About this home

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.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1910
Parking Total 2
Exterior Building Type Brick
Parking Space/s
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - Greater Grand Crossing
Corporate Limits Chicago
Directions 71st Ave, west of Cottage Grove to Woodlawn, south to property, corner lot
Elementary Sch Dist 299
Heat/Fuel Natural Gas
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan, Public
Jr High/Middle Dist 299
Township Hyde Park
Interior Features
Basement Description Unfinished
Basement Full ,Walkout
Bedrooms Count 3
Bedrooms Possible 3
Total Rooms 3
Units
unit 1
Beds Total 1
Appliances And Features None
Rooms Total 1
Tenant Pays None
Floor Number 1
unit 2
Beds Total 1
Appliances And Features None
Rooms Total 1
Tenant Pays None
Floor Number 2
Square Feet 1
unit 3
Beds Total 1
Appliances And Features None
Rooms Total 1
Tenant Pays None
Floor Number 3
Property / Lot Details
Lot Dimensions 35 X 100
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 3 Flat
Number Of Units in Building 3
Property Type Two to Four Units

Financials

Financing Cash
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 20262080140000
Special Assessments N
Taxes $379
Tax Year 2022
$85,000 Listing Price:
MLS # 12107263
Investment Profile Residential Income
Listing Market Time 47 days
Basement Full ,Walkout
Type Unit 3 Flat
Number of Units in Building 3
Parking Space/s
List Date 07/10/2024
Year Built 1910
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