Nestled in East Chatham, this is one awesome opportunity for an Owner-Occupant or an Investor looking to begin (or add) to their portfolio! No doubt the Units and Building would benefit from some TLC, but once work is completed...watch the income flow and equity grow. Each Unit has a spacious LR and separate DR. 2 ample sized BRs, with closets. Kitchen & Bathroom. And large Coat Closet. Heat and Hot Water are separated out for each Unit. With decent ceiling height, the unfinished basement has the beginnings of an additional living space, with it's own furnace and ductwork already installed! Newer back stairs and decks eliminate that costly update from your budget. 3 Car Brick Garage! Even as is, you should start to see income generating from the start...but with upgrades and repairs, recent 2BR comps nearby show you can easily fetch at least $1200-1500 per Unit. (Don't forget the possibilities that the unfinished basement brings.) AND...have you heard about new programs for Owner-Occupied 2-4 Flats where you ONLY need 5% DOWN?! (We can get you in touch with some great Lenders to learn more!) NOTE: CASH or Conventional ONLY. (This property is not a good match for FHA / FHA 203(K) REHAB and/or CONV REHAB.) What's nearby? Dining up and down Cottage Grove, Shopping, Orange Line, South Shore Dr, Lake Michigan, Beaches, Parks & MORE! Being smack dab between 90 and 94 expressways, you can easily access Downtown, the City, and 'Burbs. Property is being sold AS-IS, WHERE IT STANDS. PLEASE DO NOT DISTURB CURRENT OCCUPANTS. Call to schedule an In-Person Tour of this Chatham gem!
