2219 W Berwyn Avenue, Chicago, IL 60625

  • $700,000
  • $700,000
2219 W Berwyn Avenue, Chicago, IL 60625
  • Residential Income
  • Property Type
  • 6
  • Bedrooms
  • 2
  • Garages
  • 1925
  • Year Built
For Sale
2219 W Berwyn Avenue, Chicago, IL 60625
  • $700,000
  • $700,000

Overview

Property ID: 22742982
  • Residential Income
  • Property Type
  • 6
  • Bedrooms
  • 2
  • Garages
  • 1925
  • Year Built

Description

Lincoln Square property, fantastic opportunity for investors, developers, or homeowners. Located on a beautiful tree-lined street, this property has immense potential. Its prime location near Winnemac Park, the Metra, and the Brown Line train makes it attractive to both tenants and buyers. The building itself is a well-maintained two-unit brick structure. Each unit features recently-remodeled kitchens with modern cabinets and quartz countertops, as well as three bedrooms and one bathroom. The hardwood flooring adds to the charm of the units. Significant upgrades have been made to the property, including a new rear porch in 2019, new windows on the first and second floors, and a new water heater in 2021. These improvements ensure that the building is in excellent condition and ready to be utilized to its full potential. The garage on the property requires some cosmetic work, but with a little investment, it can be transformed into a functional and appealing space. Additionally, the basement of the building has a ceiling height of 7 ft, providing ample space for storage or potential additional living areas. What sets this property apart is its eligibility for the City of Chicago’s ADU Pilot Program. This means that there is the opportunity to legally add at least one more living unit, further increasing its investment value. Alternatively, one can choose to duplex down and create a spacious owner-occupied unit or convert it into a single-family home. Surrounded by homes valued at $1.5 million, this property is a must-see for savvy investors. It is currently rented, providing a steady rental income while offering the potential to be remodeled and expanded. With an open mind and a clear vision, you can unlock the hidden investment potential of this property and transform it into a lucrative opportunity.

  • Address 2219 W Berwyn Avenue
  • City Chicago
  • State/county IL
  • Zip/Postal Code 60625
  • Country United States

Details

Updated on August 23, 2024 at 9:09 am
  • Property ID: 22742982
  • Price: $700,000
  • Land Area: 0.07 Acres
  • Bedrooms: 6
  • Garages: 2
  • Year Built: 1925
  • Property Type: Residential Income
  • Property Status: For Sale
  • MLS#: MRD12094973
  • Office Name: CENTURY 21 S.G.R., INC.
  • Agent Name: Luminita Ispas
  • MLS Status: Active

Additional details

  • List Office MLSID: MRD14210
  • List Agent MLSID: MRD140263
  • List Date: 2024-06-26T19:54:34.000Z
  • Roof: Flat
  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Tax Annual: 9872.78
  • Tax Year: 2022
  • County: Cook
  • Water Source: Lake Michigan

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