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Listed by Deonte Barbeeof Real Broker LLC
$ 299,900
Est. payment /mo
Active
8236 S May Street Chicago, IL 60620
6 Beds
4,356 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12594118
Bedrooms 6
Year Built 1927
Annual Tax Amount $218
Tax Year 2024
Lot Size 4,356 Sqft
Lot Dimensions 4375
Property Sub-Type Two to Four Units
Property Description
Excellent Investment Opportunity in Auburn Gresham. Discover the potential in this solid all-brick 2-unit property located in the Auburn Gresham neighborhood. Each unit offers 3 bedrooms and 1 bathroom with functional layouts, well-maintained, providing a strong foundation for rental income or owner-occupant use. The property also features a full basement, offering additional possibilities for expansion. Buyers may explore options to duplex down or create additional living space, subject to zoning and city approval. This property is ideal for investors looking to renovate and build equity, or for those seeking a long-term hold opportunity. With comparable renovated properties in the area reaching values up to $475,000, there is significant upside potential. Conveniently located near local amenities, transportation, and neighborhood developments, this property presents a great opportunity to add value in a growing market. Property is being sold As-Is.
Location
State IL
County Cook
Rooms
Basement Partially Finished, Full
Interior
Heating Natural Gas, Radiant
Fireplace N
Exterior
Garage Spaces 2.0
View Y/N true
Building
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition List Broker Must Accompany
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