Good investment opportunity featuring a classic Chicago 2-flat that has been fully gutted in April 2025, creating a blank canvas for redevelopment. The property is being sold as-is and is construction-ready, with major structural and exterior work already completed. Significant improvements include a brand-new rubber roof with 2-inch insulation (2025), all new brickwork completed in 2025 (interior and exterior), a new porch, all new windows, and new subfloor throughout. The building is currently ready for framing, allowing a new owner to move directly into the next phase of construction. The sale includes blueprints proposing a 9-bedroom, 4-bathroom layout, offering strong future income potential upon completion. An ideal opportunity for investors or developers looking to add value by completing the build-out on a well-located, classic Chicago 2-flat with substantial upfront work already done.
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For more information about 3621 W 5th, Chicago, IL 60624 contact Corcoran Urban Real Estate.
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