14
See all 14 photos
$469,000
Est. payment /mo
4 Beds
4 Baths
Active Under Contract
2431 W Thomas ST Chicago, IL 60622
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Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12406071
Bedrooms 4
Year Built 1882
Annual Tax Amount $14,545
Tax Year 2023
Lot Dimensions 24X124.29
Property Sub-Type Two to Four Units
Property Description
Prime Land Value Opportunity - RT4 Zoning! Exceptional investment potential on this 24' x 124.29' lot, located outside of the Chicago Historic Preservation Ordinance-offering maximum redevelopment flexibility. Zoned RT4 with the ability to build two new units. Recent area condo sales are exceeding $700K! Currently, the property includes four 1-bedroom units-two in a front brick building and two in a rear frame coach house. Major renovation needed (gut job) for experienced rehabbers only. All units are long-term tenant-occupied on a month-to-month basis and generate $3,500/month in rental income. Additional highlights: Front building has a new roof All units equipped with central heat Sold AS-IS. The seller will not make any repairs or improvements. Located in a vibrant neighborhood with easy access to public transportation and blocks from the trendy shops and restaurants along Division and California.
Location
State IL
County Cook
Area Chi - West Town
Zoning MULTI
Rooms
Basement None
Interior
Heating Natural Gas, Forced Air
Fireplace N
Exterior
Roof Type Asphalt,Flat
Building
Dwelling Type Two to Four Units
Building Description Aluminum Siding,Brick, No
Sewer Public Sewer
Water Public
Structure Type Aluminum Siding,Brick
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition List Broker Must Accompany
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Listed by Anna Gutkowska • @properties Christie's International Real Estate