Veterans United Realty
16 Photos

Address unavailable., Chicago, IL 60615

$455,000 Asking Price

7 beds
6 baths
5,500  sqft
Built in 1880

**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.


Listing Status:
Active
Date Added:
April 3, 2024 — 56 days ago
Listing Office:
Coldwell Banker Realty, Paulette Edwards (773-837-0383)
Office Phone:
773-837-0383
MLS ID:
12020593

Features & Amenities

Interior

General:
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
Rooms:
Kitchen, Recreation Room, Bedroom 5, Bedroom 6, Bedroom 7
Dining:
Separate
Basement:
Full, English
A/C:
None
Heating:
Natural Gas
Fireplace:
Wood Burning, Decorative, More than one, Fireplaces: 2
Disability Feature:
None

Exterior

General:
Brick,Frame,Concrete
Style:
Victorian
Parking:
Off Alley, Off Street, Driveway, Alley Access, Carriage House, Expandable, Storage, Parking spaces: 12

Construction

General:
3 Stories,Coach House

Location

HOA Amenities:
Not Applicable
Originating MLS:
mred
School District:
299
County:
Cook

Lot

Zoning:
20111100100000

Utilities

Utilities:
Circuit Breakers
Water:
Lake Michigan,Public
Sewer:
Public Sewer

Financial

Source:
mred
Ownership:
Fee Simple
Buyers Agent Compensation:
2%

This listing courtesy of:
Coldwell Banker Realty, Paulette Edwards

About Chicago, IL

Housing

Number of Units
1,208,010
Median Home Value
$320,169
Median Rent
$1,131

55.74% of housing units are renter occupied.

9.90% are vacant.

Commute

Car
44.88%
Public Transportation
19.46%
Walk to Work
4.26%
Work from Home
29.59%
Other
0.70%

The median travel time to work is 27 minutes.

People

Population
2,658,686
Median Age
36.40
Median Household Size
2.54

Education

High School
22.12%
Associate’s Degree
5.76%
Bachelor’s Degree
24.28%
Graduate Degree
17.51%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

Veterans United Homefront

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Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last Updated: May 29, 2024 4:02 am.

Copyright © 2024 Veterans United Realty and Did You Serve, LLC. Homefront.com is NOT affiliated with any government agencies, including the VA. Homefront.com is a service of Did You Serve, LLC. Veterans United and the Veterans United House logo are registered trademarks of Mortgage Research Center, LLC, used under license agreement. Terms of Use.

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