1421 East 69th Place

Chicago IL 60637

0.14 ac.

Multi-Family

Last sold for $190,000

Andrzej Olszowka, last sold this property on 18 September 2024 after 926 days on market.

Overview

Great Investment Opportunity in Woodlawn! This is a 4-unit apartment building located in a Special Opportunity Zone, meaning it has potential for big returns equity builder. The building is about 3,844 square feet and sits on a 6,176 square foot lot. It has a full basement that could be turned into another apartment. Located in the popular Woodlawn area, this brick building is perfect for investors looking for high rental demand. It has a new roof, windows, and stairs installed in 2023. However, it needs a lot of work to be livable. Currently, the building has four apartments. The new owner can remodel to create up to eight or ten bedrooms and four or five bathrooms. The seller is offering the property "As-Is," so buyers should be ready to do their own repairs and improvements. Similar properties in the area are priced around $765K, so this could be a very profitable investment. Don't miss out on this chance to own property in a hot market! For more details, contact the listing broker. Please note, the property has two PIN numbers. Buyers should do their own research before purchasing.

Features

8 bedrooms

4 bathrooms

4 carspaces

0.14 ac. lot size

Multi-Family

Estimated Value

Based on this property and similar 8 bedroom multi families sold in Chicago over the last 12 months, the estimated median property value of 1421 East 69th Place is $565k.

Median value

$565k

Estimated value range

$230k - $779k

Median days on market

Estimated value trend

53%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Chicago. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1421 East 69th Place

2024

Sold

$190,000

18 Sep 2024 by Andrzej Olszowka, of Arc Red Inc Arc Realty Group

Happy sellers in Chicago

We have insufficient information to provide an overview of customer satisfaction for Chicago. Viewing the agent profiles, reviews and sales for Chicago can provide insights for this location.