Incredibly rare value add opportunity in hot Woodlawn with new construction multi's on both sides!! Offered for the very first time in over 40 years, this 6 flat features all 3 bedroom 1 bathroom units with spacious layouts featuring eat in kitchens and massive living rooms, well kept rear porch and 2 detached two car garages plus two garden units, a one bedroom unit and a two bedroom units for a total of 8 dwelling units on the property. Seller nor agent can confirm legality of basement units. All units could use a little re-imagination to bring to current finishes and tap into market rents which average about 1,500/month. ARV for similar offerings average around 880k but can go well over that. Great East Woodlawn location near public transit, easy access to highway and lake shore drive with close proximity to University of Chicago, Jackson Park and Barack Obama Library.
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