Dan DePorter
- Buy
- Sell
https://www.ruhlmortgage.com/LawrenceDavis.html
Description
Attention investors, developers and experienced rehabbers. Unique masonry multifamily property offering exceptional space, multiple living areas and substantial value-add potential at an attractive new price. Cook County Assessor records identify the property as Multi Family with Five Apartments, and the property is currently zoned RT-4. The existing configuration includes two 2-bedroom/1-bath units and one 3-bedroom/1-bath unit, along with a full finished attic spanning the building. The attic currently features four bedrooms, a living area, recreational space, a bathroom and storage, offering significant flexibility for future renovation or reconfiguration subject to applicable approvals. The first floor also includes a large former storefront/bar space, an additional room that may function as a bedroom, office or flex space, and a bathroom. A detached brick two-car garage provides additional parking and storage. With its masonry construction, multiple residential areas, full finished attic, former commercial space and detached garage, this property presents a unique opportunity for an investor looking for a substantial Chicago rehab, redevelopment or repositioning project. Be sure to review the floor plans to fully understand the size, layout and potential of the property. Property is being sold AS-IS. Buyer to perform all due diligence regarding zoning, legal unit count, permitted uses, occupancy, building condition and any future renovation or redevelopment plans.
Property Highlights
Property Type: Commercial - Retail
Building Description: 3.0 stories
Year Built: 1893
General Information
County: Cook
Listed By:
Coldwell Banker Realty
630-789-8280
MRED MLS
MLS ID: 12786562
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2258 S Whipple Street, Chicago, IL 60623.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $249,000 | $249,000 | $249,000 |
| Down Payment | $49,800 | $8,715 | $62,250 |
| Monthly Mortgage Amount | $1,309 | $1,606 | $1,614 |
| Taxes | $347 | $347 | $347 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $110 | $0 |
| Monthly Estimated Total | $1,756 | $2,163 | $2,061 |
Dan DePorter
REALTOR®
Office: (309) 743-8000
Cell: (309) 738-9333
Licensed in IL
Moline Office
1701 52nd Avenue
Moline, IL 61265
(309) 743-8000
Moline, IL 61265
(309) 743-8000
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