Chicago, IL 60615
Listing Courtesy of: Midwest Real Estate Data / Coldwell Banker Realty / Paulette Edwards / Sybil Martin

   Chicago, IL 60615

Active (50 Days)
$455,000
7
BED
6
BATH
5,500
SQFT

Description

**Captivating Investment Opportunity: 1880's Victorian & Brick Coach House** Welcome to a rare gem in the Kenwood/Hyde Park Community. Nestled on a sprawling 19,000+ square feet lot, this property presents an exceptional investment opportunity for savvy investors seeking prime real estate for development. **Property Highlights:** - **Historic Charm:** Built in the 1880s, the Victorian residence exudes timeless elegance, while the brick Coach House adds character and versatility to the property. - **Expansive Lot:** Spanning over 19,000 square feet, this sizable lot boasts a length of 284 feet, offering ample space for various development possibilities. - **Premier Location:** Situated in a coveted location, the property enjoys easy access to major amenities, renowned schools, and vibrant entertainment hubs, making it an ideal choice for prospective buyers. - **Alley Access:** With alley access on the entire east side and north end of the lot, developers have the convenience of easy ingress and egress for construction purposes, enhancing the appeal for potential projects. **Development Potential:** The generous lot size and strategic location make this property an excellent canvas for development projects such as: - **Row-Homes:** With the lot's dimensions, there's potential for the creation of row-homes, catering to the demand for upscale urban living. - **Condo Building:** Explore the possibility of constructing a modern condo building, offering luxury residences that capitalize on the area's desirability. - **Multi-Unit Development:** Utilize the vast space to develop a multi-unit residential complex, accommodating the growing demand for rental properties in the area. **Property Details:** - **Victorian Residence:** Offering approximately 5500 square feet of living space, the Victorian residence awaits restoration, presenting an opportunity to breathe new life into its historic charm. - **Brick Coach House:** Comprising approximately 3000 square feet, the Coach House provides additional space and potential for renovation or repurposing to suit your vision. **Renovation Opportunity:** While the Victorian and Coach House are in need of renovation, this presents a blank canvas for investors to reimagine and revitalize these structures, adding significant value to the property. **Don't Miss Out:** Rarely does an opportunity of this caliber present itself. Whether you're an experienced developer or an investor seeking to diversify your portfolio, this property offers endless potential and promises substantial returns on investment. Contact us today to schedule a viewing and unlock the possibilities that await with this remarkable real estate opportunity.

MLS #:
12020593
Taxes
$23,393(2021)
Lot Size
0.44 acres
Type
Single-Family Home
Year Built
1880
Style
Victorian
School District
299
County
Cook County

Listed By

Paulette Edwards, Coldwell Banker Realty
Sybil Martin, Coldwell Banker Realty
Source
Midwest Real Estate Data as distributed by MLS Grid
Last checked May 22 2024 at 7:55 PM CDT
Bathroom Details
  • Full Bathrooms: 5
  • Half Bathroom: 1
Interior Features
  • Hardwood Floors
  • Built-In Features
  • Historic/Period Mlwk
  • Special Millwork
  • First Floor Laundry
  • Ceiling - 10 Foot
  • Second Floor Laundry
  • Walk-In Closet(s)
  • Separate Dining Room
  • Pantry
  • Plaster
Property Features
  • Fireplace: Family Room
  • Fireplace: 2
  • Fireplace: Basement
  • Fireplace: Master Bedroom
  • Fireplace: Dining Room
  • Fireplace: Kitchen
  • Fireplace: Exterior
  • Fireplace: Den/Library
  • Fireplace: Grand Entry Hall
  • Fireplace: Wood Burning
  • Fireplace: Decorative
  • Fireplace: More Than One
  • Fireplace: Living Room
  • Fireplace: Great Room
Heating and Cooling
  • Natural Gas
  • None
Basement Information
  • Unfinished
  • English
  • Full
Exterior Features
  • Brick
  • Concrete
  • Frame
Utility Information
  • Utilities: Water Source: Lake Michigan, Water Source: Public
  • Sewer: Public Sewer
Garage
  • Detached
Parking
  • Off Alley
  • Driveway
  • Expandable
  • Off Street
  • Alley Access
  • Carriage House
  • Storage
Living Area
  • 5,500 sqft
Additional Listing Info
  • Buyer Brokerage Commission: 2%

Listing Price History

Date
Event
Price
% Change
$ (+/-)
May 17, 2024
Price Changed
$455,000
-27%
-170,000
Apr 03, 2024
Original Price
$625,000
-
-
Disclaimer: Based on information submitted to the MLS GRID as of 4/20/22 08:21. All data is obtained from various sources and may not have been verified by broker or MLSGRID. Supplied Open House Information is subject to change without notice. All information should beindependently reviewed and verified for accuracy. Properties may or may not be listed by the office/agentpresenting the information. Properties displayed may be listed or sold by various participants in the MLS. All listing data on this page was received from MLS GRID.