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5 Flat 1840 St Louis Logan Square Chicago IL Mf I

City: CHICAGO ZIP: 60647

Built In: 1888

Lot Size: 4,425

Detailed Listing Description

This is a rare opportunity to invest in the hottest neighborhood now, be a block away from the 606 Bloomingdale Trail, restaurants and coffee shops on Armitage and Kedzie, and be surrounded by multiple new developments in Logan Square. This legal 5 unit property, with 3 units and an unfinished basement in the front brick building and 2 units in the rear frame coach house, offers a variety of uses- keep as is and continue collecting rent; make improvements overtime, keep up with demand and collect market rent for better cash flow; reposition or develop into condos or just add to your portfolio of income producing properties and see it appreciate in value. Tremendous potential for the savvy investor who understands construction and the value add play. Ask agent about detailed study on value after repair, repair estimates, market rents, etc. See for yourself and have a bite at neighborhood favorites- Giant, Parson's, Scofflaw, Damn Fine Coffee Bar. Call now to schedule a showing.

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Additional Property Details

Comparative Data

Zip Code Comparison: 60647

Listings in this Zip Code average: 2 to 3 units, and are priced at $518,344 to $620,208
This listing is 61% more than other 5 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Logan Square

Listings in this Neighborhood average: 2 to 3 units, with average prices of $537,114 to $693,159
This listing is 61% more than other 5 unit listings in this neighborhood.

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