4106-08 S Lake Park Avenue Chicago, IL 60653
Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
On the Confluence of the Shores of Lake Michigan in East Oakland on coveted Lake Park Ave. Storybook setting Exceptional Unicorn 1890's Brick Vintage 2 Flat Row Home PLUS NON CONFORMING (CODE WORD FOR NOT LEGAL) SEMI FINISHED GARDEN STUDIO APARTMENT set on Corner Double Lot. Absolutely flooded with natural light, open loft like floor plan, hardwood floors, soaring ceilings, separate GFA, H20, Individual Circuit breakers, Skylight, Stainless Steel Appliances, Herringbone patterned backsplash, individual washer/dryer in each unit, Updated bath with wainscotting tile. Full semi-finished nonconforming basement perfect for Duplexing, Live/Work, Extended Family, or future Airbnb. Whimsical Side Garden/Yard, Patio, Multiple decks and 2 car exterior parking pad. Generous zoning provides multiple paths of opportunity and offers diverse investment objectives without committing to a path upfront This is a perfect affordable user or hybrid development asset that is well located and checks all the boxes. Building is NOT landmark nor a landmark district. Zoning Certification is 2 legal units. Floorplans & survey available. Unit 1 is leased $1450 through 11/24. Unit 2 is vacant and projected at $1500.00. The Garden Studio Unit is NOT legal, semi finished, vacant and projected at $850.00. 2 pins total tax bill $5257.61. Building $4021.81/ Separate Lot $1235.80. This is an amazing opportunity for a savvy buyer. For Owner Occupants BOA Eligible buyers can get $10k down pmnt grant(3% up to $10k) on a 95% LTV. Also can get $7500 as closing cost grant. Max Income is $164,700. See brokers private remarks for other value insights.
a week ago | Listing first seen online | |
3 weeks ago | Listing updated with changes from the MLS® |
Based on information submitted to the MLS GRID as of 2024-09-20 03:55 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data last updated: 2024-09-20 03:55 AM UTC
MRED DMCA Copyright Information Copyright © 2024 Midwest Real Estate Data LLC. All rights reserved.
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.