8248 Houston Avenue, South Chicago, Chicago, Illinois 60617
$58,000
|
Sold
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| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 5 |
| Baths: | 0 |
| Year Built: | 1885 |
| Property Taxes: | $940 |
| Days On Market: | 645 |
| Lot Size: | 0,00 |
Description
$1,200 BUYER CLOSING CREDIT! Very nice 3 flat on a great block! HOWEVER, it needs WORK! The photos are VERY accurate and represent existing conditions. The building has been stripped and will require all new MEPs, half a new slab in the basement and generally medium-level cosmetic work throughout in the upstairs units. You will also need new front and rear porch systems. The great news? There is a LOT of upside potential for the stabilized asset, which is why you will want to buy this bad boy today! Currently configured as a 2/1 garden unit, a 1/1.1 first floor simplex and a 3/1 duplex up. The HVAC and hot water heater are +/- 4 years old. Located directly across the street from an elementary school park, 1/2 block to Metra's S. Shore Line, close to shopping and restaurants along Exchange & Commercial Avenues and just a 15 minute ride to Millennium Park's Bean! Sale price includes architectural plans for creating a 3/2 duplex in the 3rd floor. Architect can amend and change plans according to the buyer's preferences. Alternatively, the building can also be de-converted into large 5/3 SFH with $3,500-$4,000 per month cash flow potential! Comps in the immediate area can exceed the high $300s. See Broker Private Remarks for a link to stabilized comps. PLEASE NOTE: Architect's proposed renovation plans under the Additional Information Tab.
Property Specifics
| Multi-unit | |
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| 1885 | |
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| No | |
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| Cook | |
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| — / — | |
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| 11948351 | |
| 21312300420000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 15 Dec, 2011 | Sold | $23,900 | MRED MLS |
| 18 Nov, 2011 | Under contract | $23,900 | MRED MLS |
| 8 Nov, 2011 | Listed for sale | $23,900 | MRED MLS |
| 21 Feb, 2024 | Sold | $58,000 | MRED MLS |
| 17 Jan, 2024 | Under contract | $78,300 | MRED MLS |
| — | Last price change | $79,800 | MRED MLS |
| 17 Dec, 2023 | Listed for sale | $81,000 | MRED MLS |
Room Specifics
Total Bedrooms: 5
Bedrooms Above Ground: 5
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 4
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: Finished
Other Specifics
| 2 | |
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| 25X125 | |
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| Not in DB | |
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| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2011 | $2,030 |
| 2024 | $940 |
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Listing Provided By
Chicago Real Estate Authority
