5837 N Washtenaw Avenue Chicago, IL 60659
Exceptional value-add opportunity in the highly desirable Peterson Park/West Ridge neighborhood. This legal 3-unit building is being sold AS-IS and offers tremendous upside for investors, developers, or owner-occupants looking to build equity. Over $95,000 in major improvements have already been completed, including a full basement excavation with approximately 7-foot ceiling height, new main support beams, new main sewer line, and separate gas and electric meters for each unit. The basement slab has been intentionally left open, allowing the next owner flexibility to install plumbing and electrical prior to completion. The property currently generates approximately $5,000 per month from two occupied units, providing immediate income while completing renovations. Each unit offers updated baths, newer laminate flooring, 6-panel doors, updated lighting, ceiling fans, refreshed kitchens, and newer vinyl windows throughout. The second-floor kitchen also features a skylight for added natural light. Enjoy a fenced yard with a cement block patio and a 2-car garage. The semi-finished garage includes flooring, faux brick walls, and a loft area, offering great potential for an office, studio, or man cave. Additional features include window A/C units, newer water heaters from 2019, and radiant heat for units 1 and 2. Conveniently located near shopping, Mather Park, and bus routes 84, 11, and 93.
Baird & Warner Jeffrey Schwartz Email
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Listing Office: xr realty
Listing Office Phone: 773-234-8155
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