$350,000
4543 S Saint Lawrence Avenue
Chicago, IL, 60653
Massive opportunity to own a rarely available, 6-unit greystone in Booming Bronzeville. Building likely needs a full gut so bring your architect and creativity. Here’s the current layout: (3) studio apartments, (2) 2 bed/1 bath apartments and (1) 1 bed/1 bath apartment. Maximize the value by reconfiguring it as a 3-unit with (2) 2/3 bed/2 bath units and (1) 4 bed/3 bath duplex down and converting to condos to sell individually OR you can rehab and flip the entire building OR you can convert to a single family home OR hold as a 6 or 3-unit excellent performing rental. Possibilities are limitless. Huge potential here. New construction being built on the blocks directly north and south and building is superbly situated on a block with newer construction single family homes and condo buildings. New (2021) hot water heater. New (2021) boiler. Newer (2013) roof. As-is Sale. Estate Sale. New/Newer construction 3 flats are selling from $890,000-$1,100,000. 3 bedroom/2 bathroom condos are selling for $300,000 and up. Single family homes are selling for $800,000 and up. If you choose to buy and hold, 2 bed/2 baths are renting in the area for $2,300/month and up. Potential here is priceless.
Property Details
Price:
$350,000
MLS #:
MRD11913326
Status:
Active Under Contract
Beds:
0
Baths:
0
Address:
4543 S Saint Lawrence Avenue
Type:
Commercial
City:
Chicago
Listed Date:
Oct 20, 2023
State:
IL
ZIP:
60653
Subdivision:
Lot Size:
Year Built:
1891
Schools
Interior
Exterior
Financial
Buyer Agent Compensation
2.5%-$495Net Sale Price
Tax Year
2021
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
More About DebraMortgage Calculator
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4543 S Saint Lawrence Avenue
Chicago, IL
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