ClosedPrice Reduced

$400,000

$450,000
2053 Bingham Street, Chicago, IL 60647
4 Beds2 Baths57 days
2053 Bingham Street·Chicago, IL 60647
4Bedrooms
2Bathrooms
1897Year Built
About This Home

Welcome to the thriving neighborhood of Logan Square! We present to you an exceptional opportunity to own a charming 2-Flat, which could possibly be converted to a 4-flat or even a single family in this up-and-coming area, perfect for investors and savvy homebuyers looking to make their mark. This property boasts immense potential and is eagerly awaiting a complete remodel to unleash its full splendor. Property Highlights: Ideal Location: Situated in the heart of Logan Square, this property benefits from all the perks of city living. Enjoy easy access to trendy cafes, restaurants, boutique shops, and a vibrant arts scene that makes this neighborhood so sought after. Two-Flat Beauty: This traditional Chicago-style 2-Flat offers versatility and income-generating possibilities. With two separate units, you have the option to live in one and rent out the other, generating a passive income to help with mortgage expenses. Endless Potential: This property is a blank canvas, waiting for your creative touch to transform it into a modern urban oasis. From reimagining the interior layout to updating the facade, the possibilities are limited only by your imagination. Income-Producing: Already a fantastic investment, this property could provide a steady stream of revenue from rental units. With the increasing popularity of Logan Square, the rental demand is expected to rise, making this property a smart long-term investment. Vacant Lot Adjacent: Included with the property is a vacant lot right next door. Let your vision and ambition drive you to unlock the full potential of this valuable addition with possibility of parking lot or garage. Rapidly Growing Neighborhood: Logan Square has been steadily rising as a favored destination for young professionals, artists, and families. Its strong sense of community, great restaurant scene, and excellent transportation options make it an appealing location for prospective tenants and buyers alike. Investment in the Future: As an up-and-coming neighborhood, Logan Square offers the chance to invest in a rapidly growing market with promising appreciation potential. Take advantage of this opportunity to secure a prime piece of real estate in a highly desirable location. If you are a visionary investor or a homebuyer looking for an exciting project, this 2-Flat in Logan Square is the perfect canvas for your dreams. Don't miss out on this chance to be a part of the neighborhood's flourishing story. Embrace the potential, reimagine the spaces, and enjoy the rewards of owning a piece of Chicago's dynamic real estate market. Act now and seize the opportunity! The single-family could possibly be converted into a 3-4 flat, vacant lot improved with a parking lot or garage. Buyers should verify with the Chicago zoning map and the city. The seller makes no representations that such improvements would be permissible.

MLS# 11838148Listed July 24, 2023Residential Income
Property Details

Beds & Baths

Total Bedrooms4
Total Bathrooms2
Total Rooms10

Size & Structure

Garage Spaces1
Year Built1897
Lot Size40 X 80

Location

CountyCook
TownshipWest Chicago
Zip Code60647

Financial

List Price$400,000
Original Price$450,000
Annual Taxes (2021)$5,817
Monthly Tax Est.$485
Parcel #13362300700000
Interior Features

Heating

Natural Gas

Basement

Crawl SpaceFull
Exterior & Lot

Construction

Other
Utilities & Parking

Sewer

Public Sewer

Water Source

Public

Parking

No GarageOn SiteGarage OwnedDetachedGarage
Tax & Financial
Annual Taxes
$5,817
Tax Year 2021
Monthly Tax Est.
$485
per month
Price Reduced by $50,000
Original list price: $450,000
Property Location

2053 Bingham Street, Chicago, IL 60647Cook County

$400,000
2053 Bingham Street
4 bd2 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
57 days on market
1-car garage
40 X 80
$5,817/yr taxes
Price reduced $50,000
$2,587
estimated monthly payment
Principal & Interest
$2,102/mo
Property Tax
$485/mo
$400,000
20% — $80,000
3%50%
6.875%
3%12%
Loan Amount
$320,000
Down Payment
$80,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Keller Williams Inspire - Geneva
Agent: Kari Edwards
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