2258 S Whipple Street,Chicago, IL 60623
Chicago, IL 60623
Description
Attention investors, developers and experienced rehabbers. Unique masonry multifamily property offering substantial space, multiple residential living areas and significant value-add potential. Cook County Assessor records identify the property as Multi Family with Five Apartments, and the property is currently zoned RT-4. The existing layout includes two 2-bedroom/1-bath units and one 3-bedroom/1-bath unit, along with a full finished attic extending across the building and providing a substantial additional level. The attic currently includes four bedrooms, a living area, recreational space, a bathroom and storage, creating considerable flexibility for future renovation or reconfiguration subject to applicable approvals. The first floor also includes a large former storefront/bar space, plus an additional room behind it that may function as a bedroom, office or flex space, along with a bathroom. A detached brick two-car garage provides additional parking and storage. With its multifamily configuration, full finished attic, former commercial space, masonry construction and detached garage, this property offers a compelling opportunity for an investor seeking a Chicago rehab, redevelopment or repositioning project. Be sure to review the floor plans to better understand the overall layout and full potential of the property. Property is being sold AS-IS. Buyer to perform all due diligence regarding zoning, legal unit count, permitted uses, occupancy, building condition and any future redevelopment plans.
Details
| MLS # | 12755698 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1893 |
| Days On Site | 32 |
| Listing Provided By | Coldwell Banker Realty | Anik Zampini |
Features
| SQ Feet | 3,828 |
|---|---|
| Story(s) | 2 |
| Units | 6 |
Interior
| Cooling | None |
|---|
Exterior
| Construction Materials | Brick |
|---|
Utilities
| Electric | Circuit Breakers |
|---|
Taxes
| Tax Year | 2023 |
|---|---|
| Tax Annual Amount | 4015 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60623 |
| Area | CHI South Lawndale |
| Listing VS Median (in 60623) | |
Price: $275,000 low | high Med: $149,999 sqft: 3,828 low | high Med: 900 $ / sqft: $72 low | high Med: $167 On site: 32 low | high Med: 14 | |
Market Activity 60623
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60623 |
| Area | CHI South Lawndale |
| Listing VS Median (in 60623) | |
Price: $275,000 low | high Med: $149,999 sqft: 3,828 low | high Med: 900 $ / sqft: $72 low | high Med: $167 On site: 32 low | high Med: 14 | |
