If you’re in the market for a unique investment opportunity, look no further than this cool and funky artist space located in the hot and up-and-coming West Town neighborhood of Chicago. Situated just east of Smith Park and the Western Metra station, this property offers a prime location with plenty of potential.
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Forget about the typical condo investment – this property provides a refreshing alternative with its three bedrooms, new bathroom, and tall ceilings. The hardwood floors add a touch of elegance, while the extra-wide basement offers ample space for storage or future development.
One of the standout features of this property is the huge concrete yard, which allows for endless possibilities. Let your imagination run wild and create a beautiful oasis or an outdoor artist’s studio. With this property, you have the freedom to transform it into whatever your heart desires.
The home itself is in good condition, with recent upgrades to appliances, mechanicals, the roof, and tuck-pointing completed within the last 10 years. This means you can invest with peace of mind, knowing that major repairs and maintenance have already been taken care of.
For those looking to generate immediate income, the property comes with a bonus – the last tenant had successfully negotiated a rental price of $1900 per month. This gives you the option to continue renting it out or explore other possibilities, such as converting it into a single-family home for yourself or pursuing a development project.
One thing to note is that the property is landlocked, meaning there is no alley access. While this may initially seem like a disadvantage, it can actually be a positive aspect for those seeking privacy and a quieter living environment.
In summary, this Chicago investment property in West Town offers a unique opportunity to own a piece of real estate in a vibrant and rapidly developing neighborhood. With its cool and funky artist space, three bedrooms, new bathroom, and ample potential, it is a condo alternative that should not be overlooked. Additionally, the recent upgrades and solid rental history make this property an attractive option for both investors and those looking for a new home. Don’t miss out on this hidden gem – bring your imagination and seize the opportunity today.
2335 W Grand Avenue, Chicago, IL 60612