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USAILChicago6505 S Peoria St
6505 S Peoria St, Home with 9 bedrooms, 3 bathrooms and 2 parking in Chicago IL | Image 1
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$149,900

6505 S Peoria St, Chicago, IL

Real Estate

For Sale

$--,---,---
932
  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage Yes
Taxes $1,266
Days Active 0
Lot Size 
Approx. Age 1905
MLS® Number 12473707

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

A rare opportunity in Englewood: a legally conforming 3-unit masonry building with over 4, 600 square feet of interior space and massive long-term upside. Walking distance from the 63rd and Halsted shopping center including a new Starbucks. This is a true value-add play for experienced investors who can see the potential through the clutter. The property will be delivered vacant. Investor Highlights: -Legal 3-unit - no zoning issues or conversions required -9 bedrooms / 3 bathrooms -Over 4, 600 SF including full basement -Solid masonry structure with good bones -2.5-car garage -Sits on a 3, 500 SF lot. Incentives & Financial Tools (22 Available): This property qualifies for a staggering array of local, state, and federal programs, including: -Purchase assistance (BNAH) -TIF Purchase-Rehab eligibility -Opportunity Zone + New Markets Tax Credits -Solar + energy tax credits (Illinois Solar for All, IRA) -TaxSmart MCC + IHDA Targeted Area bonuses -CRA credit eligibility + multiple grant programs Location & Momentum: -Located in an Enterprise Zone, TIF District, Opportunity Zone, and IHDA Revitalization Area -Minutes from Halsted CTA and other major transit routes -Within the INVEST South/West revitalization corridor -Surrounded by active development and municipal investment This is a high-upside investment in a neighborhood undergoing transformation. Whether you want to rehab and rent, renovate and resell to owner-occupants, or hold as a cash-flowing asset with appreciation potential, this is a solid foundation with the kind of incentives rarely seen in one property. Bring your vision and seize the opportunity.Show Description
MLS® Number12473707
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1905
BasementFinished, Full
DrivewayOn Site, Attached, Garage
Garage Spaces
HeatNatural Gas
A/C
Heating Fuel

Extras

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