Courtesy of: @properties Christie's International Real Estate
Address: 3550 W W DIVERSEY Avenue
Neighborhood: Chi - Avondale
Property Taxes: $7,320
Tax Year: 2020
A seriously amazing opportunity! A well cared, terrific income producing legal 3 flat in the hottest neighborhood in the city. What more could you want? Wait for it....this building has a ton of space (approximately 500 sq ft) that could be used as an art or photography studio, a huge storage area or can you say ADU potential incremental income? Prior to my seller's purchase, it was an illegal unit that was decommissioned at the time their purchase. Drywall is hung, electrical in, bath roughed in not much left to do....Now for the balance of the building. The top floor unit is 3-bedroom and 2 bath with gorgeous vintage details. The second-floor unit is a 2 bed, 1 bath home. Both units are large sunlit apartments with separate dining rooms, update kitchens and baths and enclosed back porches allowing for terrific storage for the occupant. The ground floor front unit is a cozy 1 bed, 1 bath with an eat in kitchen and large living room. This could be a terrific Air BnB as its separate entity from the primary building. Newer laundry unit in basement, parking for 4 cars or ample space to add a garage. A great opportunity to either live-in one unit and have the others pay your mortgage OR rent all three with strong cashflow and little upkeep. Plus the former illegal 4th ground floor unit has endless possibilities for an additional income stream. Terrific opportunity. Solid building but sold as -is.