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9942 S Vincennes Avenue

Chicago, IL 60643
  • $120,000
  • STATUS: Active Under Contract
  • ON SITE: 33 Days
  • MLS #: 11988567
Under Contract
$120,000
  • 7
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1874
County:

School Ratings & Info

School District:
299

Description

Attention Investors & Savvy Owner Occupants! Discover the potential of 9442 S Vincennes, a sprawling 2-flat offering an impressive 7 bedrooms and 3 bathrooms.Situated on a generous 4,356 square foot lot with the bonus of 2 separate pins, this property presents a rare investment opportunity. Each spacious unit within this apartment is complemented by forced air heating and central air for year-round comfort. The first-floor unit, requiring some TLC, features an expansive layout with 5 bedrooms, 1.5 bath, and dedicated living, dining, kitchen and in-unit laundry. The current tenant is transitioning out, paving the way for a seamless update. The second-floor unit exudes charm and meticulous care, offering 2 beds, 2 baths, additional flex space and in-unit laundry. Creative use of the living area as a bedroom and a bedroom as an extensive walk-in closet. Investors will appreciate the extensive improvements made in 2016, including a gut rehab with updates to all major mechanicals. Notable enhancements include a newer furnace (#1-2016 / #2 unknown), AC units (2016 & 2023), and water heaters (2016 & 2023), ensuring low maintenance costs. The property boasts new roofing on both the pitched and flat areas (2022), some new windows (2016), tuckpointing (2018) and a freshly rebuilt Catch Basin (2022); The large, unfinished basement with overhead sewer and newer sump pump (2022) adds potential for further expansion with interior access from Unit 1. Plus, the oversized garage provides ample storage or parking for three cars. Sold AS-IS, with the exclusion of the 2nd-floor tenant's washer and dryer. This property may not be suitable for FHA or VA financing - Buyers & Agents should do their due diligence. With its significant lot size and thoughtful updates this can be a great addition to any portfolio - bring your vision to maximize its profitability. 72 Hours notice required. DO NOT DISTURB TENANTS!!

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© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Realty. Based on information submitted to the MRED as of 2024-04-03T23:58:22.283 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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9942 S Vincennes Avenue Chicago, IL 60643

  • Price: $120,000
  • Status: Active Under Contract
  • On Site: 33 Days
  • MLS #: 11988567
7
Beds
0
Baths
0
½ Baths
0.11
Acres
1874
Built
Neighborhood:
Longwood Manor
County:
Cook
Area:
Chi - Washington Heights
School District:
299
Property Description
Attention Investors & Savvy Owner Occupants! Discover the potential of 9442 S Vincennes, a sprawling 2-flat offering an impressive 7 bedrooms and 3 bathrooms.Situated on a generous 4,356 square foot lot with the bonus of 2 separate pins, this property presents a rare investment opportunity. Each spacious unit within this apartment is complemented by forced air heating and central air for year-round comfort. The first-floor unit, requiring some TLC, features an expansive layout with 5 bedrooms, 1.5 bath, and dedicated living, dining, kitchen and in-unit laundry. The current tenant is transitioning out, paving the way for a seamless update. The second-floor unit exudes charm and meticulous care, offering 2 beds, 2 baths, additional flex space and in-unit laundry. Creative use of the living area as a bedroom and a bedroom as an extensive walk-in closet. Investors will appreciate the extensive improvements made in 2016, including a gut rehab with updates to all major mechanicals. Notable enhancements include a newer furnace (#1-2016 / #2 unknown), AC units (2016 & 2023), and water heaters (2016 & 2023), ensuring low maintenance costs. The property boasts new roofing on both the pitched and flat areas (2022), some new windows (2016), tuckpointing (2018) and a freshly rebuilt Catch Basin (2022); The large, unfinished basement with overhead sewer and newer sump pump (2022) adds potential for further expansion with interior access from Unit 1. Plus, the oversized garage provides ample storage or parking for three cars. Sold AS-IS, with the exclusion of the 2nd-floor tenant's washer and dryer. This property may not be suitable for FHA or VA financing - Buyers & Agents should do their due diligence. With its significant lot size and thoughtful updates this can be a great addition to any portfolio - bring your vision to maximize its profitability. 72 Hours notice required. DO NOT DISTURB TENANTS!!
Exterior Features

Exterior Building Type Vinyl SidingBrick Foundation Details Concrete Perimeter Lot Size Less Than .25 Acre Multi Family Type 2 Flat Parking Details None Parking Total 0 Waterfront YN No

Interior Features

Basement UnfinishedExterior Access Basement Details Full Bedrooms Below Grade 0 Bedrooms Total 7 Full Baths In Building 3 Half Baths In Building 1 Heating Natural GasForced Air Rooms Total 11

Property Features

Additional Parcels YN Yes Age 100+ Years Built Before1978 YN Yes Community Features CurbsSidewalksStreet LightsStreet Paved Contingency Attorney/Inspection Continue To Show No - has seller written direction Corporate Limits Chicago General Information School Bus ServiceCommuter BusCommuter TrainInterstate Access Mls Actual Status Contingent New Construction YN No Other Equipment CO DetectorsCeiling Fan(s)Sump PumpMultiple Water Heaters Ownership Fee Simple Rebuilt YN No Rehab Year 2016 Sewer Overhead Sewers Special Listing Conditions None Tax Annual Amount 2326.58 Tax Year 2022 Total Numberof Unitsin Building 2 Total Rental Income 2930 Township Lake Type Two to Four Units Water Source Lake MichiganPublic

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of Redfin Corporation: 312-836-4263.


© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Realty. Based on information submitted to the MRED as of 2024-04-03T23:58:22.283 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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