ClosedPrice Reduced

$455,000

$625,000
932 50th Street, Chicago, IL 60615
7 Beds6 Baths5,500 sqft196 days
932 50th Street·Chicago, IL 60615
7Bedrooms
6Bathrooms
5,500Sq Ft
1880Year Built
About This Home

**Captivating Investment Opportunity: 1880's Victorian & Brick Coach House** Welcome to a rare gem in the Kenwood/Hyde Park Community. Nestled on a sprawling 19,000+ square feet lot, this property presents an exceptional investment opportunity for savvy investors seeking prime real estate for development. **Property Highlights:** - **Historic Charm:** Built in the 1880s, the Victorian residence exudes timeless elegance, while the brick Coach House adds character and versatility to the property. - **Expansive Lot:** Spanning over 19,000 square feet, this sizable lot boasts a length of 284 feet, offering ample space for various development possibilities. - **Premier Location:** Situated in a coveted location, the property enjoys easy access to major amenities, renowned schools, and vibrant entertainment hubs, making it an ideal choice for prospective buyers. - **Alley Access:** With alley access on the entire east side and north end of the lot, developers have the convenience of easy ingress and egress for construction purposes, enhancing the appeal for potential projects. **Development Potential:** The generous lot size and strategic location make this property an excellent canvas for development projects such as: - **Row-Homes:** With the lot's dimensions, there's potential for the creation of row-homes, catering to the demand for upscale urban living. - **Condo Building:** Explore the possibility of constructing a modern condo building, offering luxury residences that capitalize on the area's desirability. - **Multi-Unit Development:** Utilize the vast space to develop a multi-unit residential complex, accommodating the growing demand for rental properties in the area. **Property Details:** - **Victorian Residence:** Offering approximately 5500 square feet of living space, the Victorian residence awaits restoration, presenting an opportunity to breathe new life into its historic charm. - **Brick Coach House:** Comprising approximately 3000 square feet, the Coach House provides additional space and potential for renovation or repurposing to suit your vision. **Renovation Opportunity:** While the Victorian and Coach House are in need of renovation, this presents a blank canvas for investors to reimagine and revitalize these structures, adding significant value to the property. **Don't Miss Out:** Rarely does an opportunity of this caliber present itself. Whether you're an experienced developer or an investor seeking to diversify your portfolio, this property offers endless potential and promises substantial returns on investment. Contact us today to schedule a viewing and unlock the possibilities that await with this remarkable real estate opportunity.

MLS# 12020593Listed April 3, 2024ResidentialVictorian
Property Details

Beds & Baths

Total Bedrooms7
Total Bathrooms6
Full Baths5
Half Baths1
Total Rooms13

Size & Structure

Living Area5,500 sqft
Garage Spaces4
Fireplaces2
Year Built1880
Lot Size0.440 acres

Location

CountyCook
TownshipHyde Park
Zip Code60615

Financial

List Price$455,000
Original Price$625,000
Price / Sq Ft$83
Annual Taxes (2022)$23,393
Monthly Tax Est.$1,949
Parcel #20111100100000
Interior Features

Flooring

Hardwood

Heating

Natural Gas

Cooling

None

Basement

UnfinishedFullDaylight

Laundry

Main LevelUpper Level

Fireplace

Wood BurningDecorativeMore than one
Exterior & Lot

Construction

BrickConcretePlaster
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake MichiganPublic

Electric

Circuit Breakers

Parking

ConcreteCircular DrivewayOff AlleyOn SiteGarage OwnedDetachedOff StreetDrivewayAlley AccessAdditional ParkingStorageOwnedGarage
HOA & Community

HOA Includes

None

Community Features

ParkTennis Court(s)CurbsSidewalksStreet LightsStreet PavedOther
Tax & Financial
Annual Taxes
$23,393
Tax Year 2022
Monthly Tax Est.
$1,949
per month
Price per Sq Ft
$83
per square foot
Price Reduced by $170,000
Original list price: $625,000
Property Location

932 50th Street, Chicago, IL 60615Cook County

$455,000
$83 / sqft
932 50th Street
7 bd6 ba5,500 sqft
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
196 days on market
4-car garage
2 fireplaces
0.440 acres
$23,393/yr taxes
Price reduced $170,000
$4,341
estimated monthly payment
Principal & Interest
$2,391/mo
Property Tax
$1,949/mo
$455,000
20% — $91,000
3%50%
6.875%
3%12%
Loan Amount
$364,000
Down Payment
$91,000

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

Listed by
Coldwell Banker Realty
Agent: Paulette Edwards
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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