Attention Investors and FHA 203K buyers! LARGE BRICK 2 UNIT IN POPULAR WOODLAWN AREA. Great Rehab/Development opportunity! Property has recently been cleaned out exposing its tremendous amount of living space (2,184 square feet) and incredible potential. Unit layouts include; one 2-bed/1-bath unit, one 4-bed/2-bath unit. The 1st floor unit includes original hardwood floors under carpeting, spacious living room area and separated rear dining room. The 2nd floor notably has 4 beds, 2 FULL baths, 2 kitchen areas and original hardwood floors under carpeting. Property also includes space for a 2-car garage or parking pad. Basement height is 7ft+: build out a garden unit (potentially rezone into a legal 3 unit) for additional income or duplex-down the 1st floor unit. This is a great opportunity for the visionary looking to plant their feet in red hot Woodlawn with an appetite for a gut rehab project. Renovated, sold comparable multi families within a half mile radius sold for an average of $446,000 within the past 9 months. Renovated 2-bed/1-bath apartments in Woodlawn can rent for $1,600+ per month! Renovated 4-bed/1-bath apartments can rent for $2,000+ per month! These rents will provide a non-owner-occupied investor with $43,200 in annual gross revenue! This property sits minutes from Washington Park, The Lakefront and The University of Chicago! Close to the Dan Ryan, Red Line, Jackson Park and much more! Woodlawn is one of the fastest developing neighborhoods in Chicago with quickly developing projects like the Obama Presidential Library, The "Woodlawn Central'' project - an equitable mixed-use urban district, Tiger Woods golf course and much more! Don't miss out! (Seller is open to a portfolio deal including: 6444 S Vernon Ave, Chicago, IL 60637, 6321 S Eberhart Ave, Chicago, IL 60637, 6430 S Eberhart Ave, Chicago, IL 60637 and 6605 S Maryland Ave, Chicago, IL 60637)
