8110 W Addison Street, Chicago, IL

$560,000

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4

Beds

About 8110 W Addison Street

Welcome to 8110 W Addison! A value-add 2-flat with income producing residential units and first floor opportunity! This property offers investors the opportunity to acquire a 2-flat with two residential units already in place on the second floor. The front unit features 3 bedrooms and 2 bathrooms, while the rear unit offers 1 bedroom and 1 bathroom-providing multiple rental-income opportunities. The first floor has been used commercially for approximately 30 years and, per the City of Chicago, will need to be converted to residential use by the next owner. This creates a significant value-add opportunity for an investor to finish the first floor according to their vision and investment strategy while continuing to generate rental income from the existing second-floor units. Ideal for an investor seeking current rental-income potential plus future upside, or an owner-occupant looking to for rental income. Bring your plans, complete the first-floor conversion, and unlock the property's full potential. Buyer to independently verify zoning, permitted uses, conversion requirements, permits, building requirements, and all other applicable City of Chicago requirements. Square footage is approximate. Agent is related to seller.

Features of 8110 W Addison Street

MLS® # 12770217
Price $560,000
Bedrooms 4
Bathrooms 0.00
Year Built 1963
Type Residential Income
Sub-Type Two to Four Units
Status Active

Community Information

Address 8110 W Addison Street
Area CHI - Dunning
City Chicago
County Cook
State IL
Zip Code 60634

Amenities

Parking Spaces 3
Parking Yes, Garage Owned, Attached, Owned, Garage
# of Garages 1
Is Waterfront No
Has Pool No

Interior

Heating Radiant
Fireplace No
Has Basement No
Basement None

Exterior

Exterior Brick

School Information

District 299

Additional Information

Days on Market 7
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCompass

Listing Map

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