7XXX S Constance Ave, Chicago, IL 60649
Basics
- Bedrooms: 8
- Bathrooms: 5
- Area: 2826 sq ft
- Lot size: 3780 sq ft
Description
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Description:
Strong value-add multifamily opportunity in South Shore with significant upside for experienced investors. Fully gutted and ready for redevelopment.
Property Details
- Brick 3-Unit Building
- Approx. 2,826 Sq Ft Building
- 3,780 Sq Ft Lot
- Vacant
Condition
- Full gut renovation required.
- Property has been vacant for several years following fire damage.
- Current status includes:
- Fully gutted interior
- Ready for electrical, plumbing, and HVAC installation
- Roof replaced and completed
- One floor section removed by the fire department
- LVL replacement required for floor joists
This is a heavy renovation project intended for experienced investors and contractors.
Planned Layout
Current plans include:
-Unit 1 (Duplex: First Floor + Basement)
5 Bedrooms / 3 Bathrooms-Unit 2 (Top Floor)
3 Bedrooms / 2 BathroomsBuilding may also be restored as a traditional three-flat, subject to buyer verification and approvals.
Financial Snapshot
Asking Price: $180,000
Estimated ARV: ~$500,000+Investment Potential
Strong redevelopment opportunity in South Shore with substantial equity potential.
Highlights include:
- Brick construction
- Roof already completed
- Large room sizes and spacious floor plans
- Multiple exit strategies
- Opportunity to create high-bedroom-count units
Ideal for investors seeking a full-scale rehab and repositioning project.
Buyer to perform all due diligence regarding permits, plans, zoning, and scope of work.
Contact
For all inquiries, showing requests, or additional information, please call 1-888-775-4570 or email sales@sharpedgeproperty.com.
