Chicago, IL 60615,Address not disclosed
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Chicago, IL 60615,Address not disclosed
Chicago, IL 60615,Address not disclosed
Chicago, IL 60615,Address not disclosed
Chicago, IL 60615,Address not disclosed

$455,000

Est. payment /mo

$455,000

Est.Price: ?

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Address not disclosed Chicago, IL 60615

7 Beds

5.5 Baths

5,500 SqFt

SOLD DATE : 10/16/2024

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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Midwest Real Estate Data (MRED) IDX
Listed by Paulette Edwards • Coldwell Banker Realty
Bought with Arkadiusz Szejgiec • Coldwell Banker Real Estate Group

Phi Group

group

+1(224) 633-2001

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