A rare GEM for a great price in the heart of East Woodlawn! Located in one of Chicagoland's fastest appreciating neighborhoods and available now at an even better price! Big profit margins are available for a savvy investor! There is a significant upside available for a homeowner looking to plant their feet in an area that will continue to aggressively appreciate for years to come! This well maintained 3-level home boasts over 2, 300 square feet of livable space and includes 2 full baths, a full walkout basement and a sizable private enclosed backyard! Other notable features include a newer boiler with updated piping, newer water heater, some updated plumbing, high ceilings, original hardwood floors, spacious 1st level office/den and two additional bedrooms on the 3rd level! This home is perfect for a FHA203K buyer looking to owner-occupy the property and enjoy consistent equity appreciation over the long term. Renovating this home to "new construction" quality will yield the most equity potential. The after-repair-value for new construction single family homes is $725, 000 based on comparable sales within the past 6 months! With the right construction strategy there is potential to achieve a valuation just south of this new construction valuation! There is a plethora of new construction single family homes being built and sold in Woodlawn! As an investor, the strategy that will yield maximum profit potential is tearing down the home and building a new construction 3-unit (multi-family). The after-repair-value for a new construction 3-unit (multi-family) on average is $830, 000 based on comparable sales within the past 6 months! A+ location - Walking distance from Washington Park, Minutes from the Lakefront, proximity to The University of Chicago, the Obama Presidential Library, Dan Ryan, Red Line and Jackson Park! Priced to sell so please act swiftly! Property will be sold as-is and the seller is ready to make a deal.
