$600,000
3550 W DIVERSEY Avenue
Chicago, IL, 60647
A seriously amazing opportunity! A well cared, terrific income producing legal 3 flat in the hottest neighborhood in the city. What more could you want? Wait for it….this building has a ton of space (approximately 500 sq ft) that could be used as an art or photography studio, a huge storage area or can you say ADU potential incremental income? Prior to my seller’s purchase, it was an illegal unit that was decommissioned at the time their purchase. Drywall is hung, electrical in, bath roughed in not much left to do….Now for the balance of the building. The top floor unit is 3-bedroom and 2 bath with gorgeous vintage details. The second-floor unit is a 2 bed, 1 bath home. Both units are large sunlit apartments with separate dining rooms, update kitchens and baths and enclosed back porches allowing for terrific storage for the occupant. The ground floor front unit is a cozy 1 bed, 1 bath with an eat in kitchen and large living room. This could be a terrific Air BnB as its separate entity from the primary building. Newer laundry unit in basement, parking for 4 cars or ample space to add a garage. A great opportunity to either live-in one unit and have the others pay your mortgage OR rent all three with strong cashflow and little upkeep. Plus the former illegal 4th ground floor unit has endless possibilities for an additional income stream. Terrific opportunity. Solid building but sold as -is.
Property Details
Price:
$600,000 / $600,000
MLS #:
MRD11413000
Status:
Closed ((Jul 14, 2022))
Beds:
6
Baths:
4
Address:
3550 W DIVERSEY Avenue
Type:
Multi Family
City:
Chicago
Listed Date:
May 23, 2022
State:
IL
ZIP:
60647
Year Built:
1911
Schools
School District:
299
Interior
Heating
Forced Air
Exterior
Architectural Style
Brownstone
Community Features
Curbs, Sidewalks, Street Lights, Street Paved
Exterior Features
Porch, Storms/ Screens
Other Structures
Other
Parking Features
Unassigned, Off Alley
Roof
Flat
Financial
Buyer Agent Compensation
2.5% MINUS $395Net Sale Price
Tax Year
2020
Taxes
$7,320
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
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3550 W DIVERSEY Avenue
Chicago, IL
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