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6554 S Stewart Avenue Chicago, IL 60621 Multi Unit - Multiple Contingent

  • 6554 S Stewart Avenue, Chicago, IL 60621 Main Photo

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Description

Bring your vision to life with this substantial investment opportunity, fully demoed to the studs and ready for redevelopment. Plans were previously submitted to the City and are available upon request. A newer roof is in place. The property offers an impressive amount of space and income potential, with 2-bedroom, 1-bath layouts on both the first and second floors, plus a 1-bedroom attic apartment with two separate points of entry/exit. Adding a finished basement to this already massive property further elevates its potential. The surrounding block has seen significant reinvestment. Numerous distressed properties brought back to life and with this continued redevelopment throughout the area, this oversized property presents an exciting opportunity for an investor looking to capitalize on the neighborhood's momentum. Conveniently located directly across from a STEM high school, approximately a 12-minute walk to CTA train service, and just a 3-minute drive to I-90/94. Property is being sold AS-IS. No survey will be provided. Buyer's agent to verify room count, zoning, permitted use, and all property information.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Bedrooms: 5
Bathrooms: 3
County: Cook
Listed By:
eXp Realty 888-574-9405
MRED MLS
$95,000
Est. $712/mo
5beds
3baths
New to the Market Contingent
BEDS5 BATHS3 full MLS#12749053
STATUSContingent PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 299

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6554 S Stewart Avenue, Chicago, IL 60621.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $95,000$95,000$95,000
Down Payment $19,000$3,325$23,750
Monthly Mortgage Amount $480$590$596
Taxes $132$132$132
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$42$0
Monthly Estimated Total $712$864$828

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