$455,000
$455,000
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Address not disclosed Chicago, IL 60615
7 Beds
5.5 Baths
5,500 SqFt
Key Details
Sold Price $455,000
Property Type Single Family Home
Sub Type Detached Single
Listing Status Sold
Purchase Type For Sale
Square Footage 5,500 sqft
Price per Sqft $82
MLS Listing ID 12020593
Sold Date 10/16/24
Style Victorian
Bedrooms 7
Full Baths 5
Half Baths 1
Year Built 1880
Annual Tax Amount $23,393
Tax Year 2022
Lot Size 0.440 Acres
Lot Dimensions 285 X 69
Property Description
**Captivating Investment Opportunity: 1880's Victorian & Brick Coach House** Welcome to a rare gem in the Kenwood/Hyde Park Community. Nestled on a sprawling 19,000+ square feet lot, this property presents an exceptional investment opportunity for savvy investors seeking prime real estate for development. **Property Highlights:** - **Historic Charm:** Built in the 1880s, the Victorian residence exudes timeless elegance, while the brick Coach House adds character and versatility to the property. - **Expansive Lot:** Spanning over 19,000 square feet, this sizable lot boasts a length of 284 feet, offering ample space for various development possibilities. - **Premier Location:** Situated in a coveted location, the property enjoys easy access to major amenities, renowned schools, and vibrant entertainment hubs, making it an ideal choice for prospective buyers. - **Alley Access:** With alley access on the entire east side and north end of the lot, developers have the convenience of easy ingress and egress for construction purposes, enhancing the appeal for potential projects. **Development Potential:** The generous lot size and strategic location make this property an excellent canvas for development projects such as: - **Row-Homes:** With the lot's dimensions, there's potential for the creation of row-homes, catering to the demand for upscale urban living. - **Condo Building:** Explore the possibility of constructing a modern condo building, offering luxury residences that capitalize on the area's desirability. - **Multi-Unit Development:** Utilize the vast space to develop a multi-unit residential complex, accommodating the growing demand for rental properties in the area. **Property Details:** - **Victorian Residence:** Offering approximately 5500 square feet of living space, the Victorian residence awaits restoration, presenting an opportunity to breathe new life into its historic charm. - **Brick Coach House:** Comprising approximately 3000 square feet, the Coach House provides additional space and potential for renovation or repurposing to suit your vision. **Renovation Opportunity:** While the Victorian and Coach House are in need of renovation, this presents a blank canvas for investors to reimagine and revitalize these structures, adding significant value to the property. **Don't Miss Out:** Rarely does an opportunity of this caliber present itself. Whether you're an experienced developer or an investor seeking to diversify your portfolio, this property offers endless potential and promises substantial returns on investment. Contact us today to schedule a viewing and unlock the possibilities that await with this remarkable real estate opportunity.
Location
State IL
County Cook
Area Chi - Kenwood
Rooms
Basement Full, English
Interior
Interior Features Hardwood Floors, First Floor Laundry, Second Floor Laundry, Built-in Features, Walk-In Closet(s), Ceiling - 10 Foot, Historic/Period Mlwk, Special Millwork, Separate Dining Room, Pantry, Plaster
Heating Natural Gas
Cooling None
Fireplaces Number 2
Fireplaces Type Wood Burning, Decorative, More than one
Fireplace Y
Exterior
Garage Detached
Garage Spaces 4.0
Community Features Park, Tennis Court(s), Curbs, Sidewalks, Street Lights, Street Paved, Other
Waterfront false
Parking Type Off Alley, Off Street, Driveway, Alley Access, Carriage House, Expandable, Storage
Building
Sewer Public Sewer
Water Lake Michigan, Public
New Construction false
Schools
School District 299 , 299, 299
Others
HOA Fee Include None
Ownership Fee Simple
Special Listing Condition List Broker Must Accompany
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Arkadiusz Szejgiec • Coldwell Banker Real Estate Group