8240 S Clyde Avenue, Chicago, IL 60617

• 7 beds |
• 3 baths

Property Description

Excellent investment opportunity on a great block! This large brick 2-flat features spacious 3-bedroom units and a solid brick 2-car garage. The building offers strong upside potential for value-add investors. The finished basement-complete with front and rear exits, high ceilings and full bath-has deteriorated but provides a prime opportunity to restore and potentially convert into an income-producing 3rd unit (buyer to verify zoning/use). With the right vision and rehab, this property can deliver significant cash-flow and long-term equity growth. Property is V.A. owned & sold in "as is/where is" condition. Seller will make no repairs. Property was built prior to 1978 and lead based paint may potentially exist. This property may qualify for Seller Financing (Vendee). Due to condition, the property may have health/safety risk(s). Prior to entry / access, all parties must sign a Hold Harmless Agreement, and the property may only be shown by appointment.

Listing Status:

Active

Listing Office:

JMRI Corp : 312-330-6911

Listing Agent:

James Morris : 312-330-6911

MLS ID:

12526857

Interior

• Basement: FinishedFull
• Heating: Natural Gas

Exterior

• Parking: YesGarage OwnedDetachedGarageParking spaces: 2

Location

• Originating MLS: mred
• School District: 299
• County: Cook

Lot

• Zoning: 20362250260000

Utilities

• Water: Lake Michigan
• Sewer: Public Sewer

Financial

• Source: mred
• Ownership: Fee Simple

This listing courtesy of James Morris, JMRI Corp