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317 E 116th Street
Chicago IL 60628 US

$178,000

Active Listing ID 12255340
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$178,000

Active Listing ID 12255340
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317 E 116th Street Amazing Cash Flow Opportunity: Two Investment Buildings for the Price of One in the Hot West Pullman Area! Don't miss out on this incredible investment opportunity in the rapidly growing West Pullman neighborhood! This property offers two buildings for the price of one, making it an ideal project for savvy investors or rehabbers. With owner financing available, this is a fantastic chance to secure a property with great potential. The front building has suffered fire damage and requires significant work, including a gut rehab of two of its four units and a new roof. However, with the right investment, this building has the potential to generate substantial rental income. The second building on the property is in rentable condition with two units already available. This provides immediate cash flow while you work on completing the rehab of the front building. The owner is willing to consider a down payment of $10, 000 and will extend the loan balance for up to 12 months to allow the buyer ample time to finish the necessary work on the front building. The best estimates suggest that approximately $60, 000 will be needed to complete the renovations, including the new roof and updating the units to a marketable standard. The owner is confident that once the renovations are completed and the apartments are rented, this property could easily sell for more than $300, 000. This is a prime opportunity to invest in a property with enormous potential for appreciation. Whether you are looking for a long-term investment or a project to rehab and flip, this property offers great value. Act fast-this kind of opportunity doesn't come around often!

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Property Features

  • Facts
  • Property Type: Commercial Sale
  • Property Sub-type: Other

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 178000
  • unparsedaddress: 317 E 116th Street
  • postalcity: Chicago
  • stateorprovince: IL
  • country: US
  • postalcode: 60628
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 0
  • livingareaunits: Square Feet
  • listagentfullname: Tatyana Kukso
  • listagentemail: tloseva@yahoo.com
  • listagentkey: 3yd-MREDIL-45157
  • listagentmlsid: 45157
  • listagentpreferredphone: 8474200221
  • listagentofficephone: 8474236644
  • listofficekey: 3yd-MREDIL-3913
  • listagentstatelicense: 475185060
  • listofficemlsid: 3913
  • disclaimer: Copyright © 2024 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MREDIL
  • yearbuilt: 1902
  • listingcontractdate: 2024-12-12
  • listagenturl: http://www.remax1stclass.com
  • countyorparish: Cook
  • parcelnumber: 25223120070000
  • numberofunitstotal: 6
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • waterfrontyn: False
  • architecturalstyle: Other
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"re/max1st class", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"tloseva@yahoo.com", "ListBrokerageCity":"Skokie", "ListBrokerageCountry":"US", "ListBrokerageEmail":"remax1stclass@gmail.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/107/299828/20150323182627578.png", "ListBrokerageName":"re/max1st class", "ListBrokeragePhone":"(847) 420-0221", "ListBrokeragePostalCode":"60076", "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"4023 W.Church st.", "ListBrokerageWebsiteUrl":"http://www.remax1stclass.com", "ListOfficeAddress1":"4023 Church Street", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"32340", "ListOfficeCity":"Skokie", "ListOfficeCountry":"US", "ListOfficeEmail":"realtyadvisorselite@gmail.com", "ListOfficePostalCode":"60076", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"Commercial Sale - Chicago, IL", "ListingURL":"https://listings.listhub.net/pages/MREDIL/12255340/?channel=rexren", "MLSModificationTimestamp":"2024-12-12T13:40:01Z", "Neighborhoods":[{"Description":null, "Name":"CHI - West Pullman"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":2832.2, "TaxDescription":null, "TaxYear":"2022"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 12/14/2024 12:13:57 AM GMT
Source Updated Date: 12/17/2024 6:42:50 AM GMT

Courtesy of: Tatyana Kukso, Realty Advisors Elite LLC, tloseva@yahoo.com

Copyright © 2024 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.