$375,000
6
beds
2
baths
1
half bath

2640 N Springfield Avenue

Chicago, Illinois 60647
Contingent / MLS #11245835 / Multiple Unit (2-4) / Logan Square
What happened here, you ask? Let me tell ya. A big ol' mess. One unit is currently tenant-occupied and they're current on their rent at $1200/month, so that's good. But the rest.. well. Here's what I know: Second floor unit has been demo'ed as you can see from the photos. There is a 3rd floor "unit" which is not really a unit, but it does have a kitchen and full bath so let's be real.. we all know what's going on here. Some stuff happened in the basement - owner started to frame it out to create a 3rd/4th "unit", or maybe wanted to duplex it with the first floor, I suppose. No one really knows what the plan was. The siding needs some help. Soffits and fascia too. But the other good news is: no major violations! Just one, you need chimney caps! And there is NEW electrical service to all areas except the first floor, brand new elec. panels, new AC units and furnaces, and new ductwork as well. There's also a really nice concrete patio and brick garage. Long story short (and there's obviously NO sales pitch here) this is an awesome opportunity to convert this into either a duplex up/duplex down, or both, put your finishing touches on it and then flip it or own and occupy. ARV, depending on how nicely you finish the building, is somewhere between 525-625k. Also, this is a short sale so bring your offers. I do a ton of short sales. Like, a ton. More than I care to admit. Make an offer. If it's solid, I will get it done. Let's goooooooo

Full Features
Exterior Type: Steel Siding,Brick
Basement: Finished
Beds Above Grade: 6
Heating System: Natural Gas, Radiant
Pool: No
Age: 100+ Years
Parking Type: Garage
Parking Spaces: 2
Room Count: 12
Water Front: No
Square Feet: N/A
Lot Size: Less Than .25 Acre
Acreage: 0.07
Taxes & Assessments
Tax Amount: $5,647
Tax Year: 2020
Location
Zip Code: 60647
City: Chicago
County: Cook
Schools
School District(s): 299
Elementary School: N/A
Middle School: N/A
High School: N/A

Listing Office:

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