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Property Description

Prime value-add investment opportunity in this brick three-story walk-up that has been completely gutted and is ready for a full-scale renovation, giving new ownership the flexibility to reconfigure floor plans and deliver modern, efficient units that meet today's renter demand. Priced attractively at just 20,830 per unit. Situated on a prominent corner lot, the building is ideally positioned to capture strong rental demand in the area, with estimated Section 8 voucher rents for 1-bedroom units ranging from 1,350 to 1,650 per month. Planned renovations will include a new roof, plumbing, electric, and all other major systems, providing peace of mind and minimizing future capital expenditures. With ample room to add value and maximize cash flow, this is a rare chance to acquire a solid brick building at a compelling basis and achieve exceptional returns.

Features & Information

Key Details

List Price $249,999
Property Taxes $15,576.96
Price/ Sq. Ft. Unavailable
Year Built 1930
Status New

Building Information

Age of Building Older
Exterior Construction Brick
Heating & Cooling Gas, None

Location

County Cook
Directions to Property Marquette St (67th St) & Ashland Ave - West To 1836 On The Nw Corner Of Honore & Marquette Rd

Property Taxes
Tax 15576.96
Parcel Identification Number 20192260370000

Listed by Angelo Labriola for Sperry Van Ness | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 7/11/2025 7:32 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Explore West Englewood

West Englewood is a neighborhood on the move and in a state of transition. Transportation has always played a key role in the history of this southwest side Chicago neighborhood, and today is no different. The community's proximity to Midway International Airport and the Dan Ryan Expressway help to maintain its vitality and accessibility. Single-family houses and public parks are plentiful in West Englewood, and the business district along Western Avenue is expanding, enticing even more homebuyers to consider the available real estate in this affordable part of Chicago. Commuter friendly and full of housing options for budget-conscious buyers, West Englewood suits the needs of growing families who desire a home to call their own.

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