$299,999
6211-13 S Loomis Boulevard
Chicago, IL, 60636
Fantastic investment opportunity awaits in the rapidly developing Englewood area! This property boasts a brick 4-unit building along with a charming 2- unit frame coach house, providing a total of 6 units ready for renovation. While the units inside may need some tender loving care (TLC), this property is overflowing with potential for savvy investors. Currently, the rents are below market value, offering the perfect chance for the new buyer to make the necessary improvements and transform it into a highly profitable cash-flowing asset. One of the standout features of this property is its convenient location, situated in close proximity to parks and excellent public transportation options. The neighborhood’s ongoing development and growth ensure a promising future for this investment. However, it’s important to note that due to the coach units on the property, securing a commercial loan would be the ideal financing option for the acquisition. Don’t miss out on the chance to capitalize on this lucrative opportunity! With a strategic vision and the right approach, this property can quickly turn into a gem of an investment in Englewood’s thriving real estate market. Act now to seize this rare find and unlock its full potential for long-term success.
Property Details
Price:
$299,999
MLS #:
MRD11977853
Status:
Active Under Contract
Beds:
0
Baths:
0
Address:
6211-13 S Loomis Boulevard
Type:
Commercial
City:
Chicago
Listed Date:
Feb 9, 2024
State:
IL
ZIP:
60636
Year Built:
1918
Schools
Interior
Exterior
Financial
Buyer Agent Compensation
2.5% – $495 ON NET SALE PRICENet Sale Price
Tax Year
2021
Taxes
$2,614
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
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6211-13 S Loomis Boulevard
Chicago, IL
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