6328 S Laflin Street
Chicago, IL, 60636 $ 245,000
Bedrooms6 Baths2.0 Monthly Estimate*
$ 1,628
for $245,000 with 6 bedrooms and 2 full baths. This home was built in 1895.
INVESTORS SPECIAL/203K Special: This property presents a compelling opportunity for the discerning investor or savvy buyer looking to make their mark. Situated in a desirable location with promising potential, the owner's eagerness to sell, coupled with the "SOLD AS IS" condition, opens the door for creative visionaries to transform this space into something extraordinary. Although the property may not comply with FHA, Conventional, or VA requirements right now, that in no way should be a dampener for the far-sighted man. In fact, it is under such a state of affairs that the opportunity may easily appeal to one looking for investment avenues, such as through the 203K loan program, or to individuals capable of taking up renovation projects to unlock the property's real value. At the core of this property is a rough diamond. With comparable sales in the area coming in at an after-repair value of $400,000, there is room for value appreciation upon strategic renovations and upgrades. The possibilities are endless-be it turning it into your own family home or realizing maximum income potential with this investment property. By finishing the basement, the property could hold another 2 to 3 more rooms on the first floor, thereby making it an excellent 6-bedroom, 2-bathroom apartment. This allows for a duplex setup, truly making it nice and feasible both for home and investment. The rent rate also gives credence to the business model of this area, containing an overall rent rate of $1,300 to $1,600 for a 3-bedroom, 1-bathroom apartment. In so doing, this provides a more than stable platform in being able to accrue consistent rental income for the property's potential investment returns. In short, yes, some initial work and investment will need to be done on the property, but all of the preliminary stuff is in place now for a successful adventure. With a little vision, resources, and expertise, this piece of property can become something greater than a home to you; it can become a lucrative investment opportunity. Just a blank canvas ready for your innovative touch to make it the next masterpiece.
See more
FeaturesGeneralSewer Public Sewer
Heating Natural Gas
Possession Immediate
Roof Flat
Garage Spaces 2
Year Built 1895
Township Hyde Park
Tax Year 2021
Percent Ownership Fee Simple
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 15
Status Active
Directions Head down south Ashland Ave make a right unto 64th street which is eastbound then make a left unto Laflin street and take Laflin street to subject address of 6328 S. Laflin street.
City Chicago
High School District 299
MLS Area CHI - West Englewood
Waterfront Y/N N
Street Name Laflin
Tax Annual Amount 704
Days on Market 8
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
See more
InteriorBasement Full Unfinished
Street Suffix Street
Total Bedrooms 6
Total Baths 2
Bedrooms Possible 6
Full Baths Building 2
Half Baths Building 0
Total Number of Units 2
See more
ExteriorWater Source Lake Michigan
Total Parking 2
Lot Dimensions 31X125
Garage Onsite Yes
Garage Type Detached
Exterior Brick
See more
* Excluded FeaturesList Bysherri@taddrealty.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,628
- Monthly Property Taxes
- $59
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Chicago, IL
Average List Price $641,158
Percent of Sale Price 162%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
5/12/2024 | $245,000 | | Listed Price |