Closed

$250,000

2856 Emerald Avenue, Chicago, IL 60616
5 Beds2 Baths4 days
2856 Emerald Avenue·Chicago, IL 60616
5Bedrooms
2Bathrooms
1885Year Built
About This Home

**Best and Final deadline to submit offers is Sunday 12pm. **Presenting a rare investment opportunity in the thriving Bridgeport area: a legally zoned multi-unit property poised for development. Currently structured as a two-flat, this offering is sold "as is" and represents an outstanding prospect for new construction given the age and condition of the existing building. The front unit, generating a steady income of $1,000 per month on a month-to-month lease, is complemented by a vacant rear unit, ready for your vision and transformation. Situated on a desirable block brimming with potential, this property invites the astute investor to capitalize on the dynamic local real estate market. With its competitive pricing, this opportunity is not to be missed. Act swiftly to harness the possibilities of this prime development site. Your strategic investment awaits. All remaining contents will stay.

MLS# 12045126Listed May 2, 2024Residential Income
Property Details

Beds & Baths

Total Bedrooms5
Total Bathrooms2
Total Rooms12

Size & Structure

Year Built1885
Lot Size2875

Location

CountyCook
TownshipSouth Chicago
Zip Code60616

Financial

List Price$250,000
Annual Taxes (2022)$4,493
Monthly Tax Est.$374
Parcel #17283090400000
Interior Features

Heating

Natural GasForced AirRadiantSep Heating Systems - 2+

Basement

UnfinishedFullDaylight
Exterior & Lot

Construction

Vinyl SidingBrick
Utilities & Parking

Sewer

Public SewerStorm Sewer

Water Source

Lake MichiganPublic

Parking

Off StreetOn SiteOwned
HOA & Community

Community Features

ParkTennis Court(s)SidewalksStreet LightsStreet Paved
Tax & Financial
Annual Taxes
$4,493
Tax Year 2022
Monthly Tax Est.
$374
per month
Property Location

2856 Emerald Avenue, Chicago, IL 60616Cook County

$250,000
2856 Emerald Avenue
5 bd2 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
4 days on market
2875
$4,493/yr taxes
$1,688
estimated monthly payment
Principal & Interest
$1,314/mo
Property Tax
$374/mo
$250,000
20% — $50,000
3%50%
6.875%
3%12%
Loan Amount
$200,000
Down Payment
$50,000

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

Listed by
Cucci Realty
Agent: Christopher Cucci
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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