$195,000

About This Property

Prime South Shore Drive Legal 2 -Unit with basement appartment investment opportunity! Perfect for investors or owner-occupants looking for strong cash flow near the lakefront. Add your own touch by updating and remodeling the building as it offers solid rental potential with market rents in the $1,250-$1,450/unit range once stabalized. Nearby transit includes the 93rd St Metra, multiple CTA bus lines, and instant access to Lake Shore Drive. Minutes to Calumet Park & Beach, South Shore Community Center, and local schools. Great Value-add 2 unit multifamily with added basement apartment opportunity on South Shore Drive. Building features a 2BR/1BA first-floor unit (occupied) tenant wishes to remain. Long time tenant no lease or security deposit pays $700/month, a 3BR/1BA second-floor unit (vacant), and a 2BR/1BA added basement apartment(vacant), providing immediate upside for investors or owner-occupants. Each floor has it's own furnace that is five years old and water heater that is three years old. Property is being sold AS-IS and requires update including front brick stair maintenance;property is priced accordingly. Vacant units allow for inspection, renovation, and lease-up immediately after closing and updating or live in one apartment and rent out the other two. Conveniently located with 2 minute access to Lake Shore Drive, public transportation, schools, parks, and lakefront amenities. Very Motivated Seller will not make repairs. Buyer responsible for all inspections. Ideal opportunity for value-add investors seeking long-term cash flow and appreciation and buyers looking to live in one apartment while supplementing mortgage with rent from the other two apartments. SOLD AS-IS

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