Seller's Agent in 2023
John Federici
Compass
(773) 615-9896
1 in this area
69 Total Sales
4201 S Normal Ave Chicago, IL 60609
Bridgeport Neighborhood
4
Beds
4
Baths
2,120
Sq Ft
1880
Built
About This Home
As of May 2023Legal 4 Units above grade with zoning certificate and an additional full basement on a corner lot in booming South Bridgeport/North Canaryville area! Located off a quiet cul-de-sac street surrounded by newer construction and single family homes with pride of ownership apparent. An incredible opportunity for the seasoned rehabber/investor. Gut rehab with some new trusses needed. Building has a solid foundation and is sitting straight. After rehab, building will bring in, at minimum, $5,000/month, upwards of $6,000/month in income ($60,000-$72,000/per year), depending on finished product and finishes. Plenty of front, side and rear setbacks to play with floor plans, maximize exterior decks for each unit, as well as ample private year yard space. New buyer to obtain full plans and permits. Highest use is in the 4 unit allowance with all 1 bed/1 bath units. Not included in the above grade 4 unit count is a large 1,200 SF basement with good ceiling height and front and rear ingress/egress that may allow for one, or both, first floor units to duplex down for additional room count and gross income. To be an incredibly easy-to-manage building upon completion.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,022
Year Built
- Built in 1880
Home Design
- Frame Construction
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- 4 Bathrooms
Unfinished Basement
- English Basement
- Basement Fills Entire Space Under The House
Utilities
- Heating System Uses Natural Gas
- Lake Michigan Water
Community Details
- 4 Units
- Gross Income $60,000
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/24/2023 05/24/23 | Sold | $170,000 | -8.1% | $80 / Sq Ft |
| 05/13/2023 05/13/23 | Pending | -- | -- | -- |
| 05/04/2023 05/04/23 | Price Changed | $184,900 | -7.1% | $87 / Sq Ft |
| 04/20/2023 04/20/23 | For Sale | $199,000 | -- | $94 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Agents Affiliated with this Home
-
John Federici
-
Romelia Placencia
R
Buyer's Agent in 2023
Romelia Placencia
North East Properties
(773) 729-8097
1 in this area
7 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11763862
APN: 20041280260000
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