1. Illinois
2. Chicago
3. 7524 S Kenwood Avenue

7524 S Kenwood Avenue, Chicago, IL 60619

• 5 beds |
• 5 baths

Property Description

This spacious 4-story property on a double lot is a hidden gem, ready for the right buyer to unlock its full potential. Perfect for an investor or a family looking to create their dream home, this multi-family zoned property was originally designed as a two-unit but could easily be transformed into a single-family residence. The current owners started renovations but were unable to complete them, presenting an amazing opportunity to benefit from their hard work! Many of the big-ticket upgrades have already been done, including a newer roof, updated windows, and a recently remodeled kitchen. The first-floor unit offers 2 bedrooms, a kitchen, and two bathrooms, while the second unit on the second floor features 3 bedrooms and 2 bathrooms. The third-floor attic is ready to be duplexed into additional living space, including a possible bedroom and bathroom. The full, unfinished basement boasts high ceilings, offering the option to duplex it with the first floor for even more living space. While the building still requires a lot of work, including minor plumbing and electrical work (pipes in the basement froze), it's priced to allow room for buyers to use a renovation loan to customize the home to their needs. With high ARVs (After Repair Values), this property offers significant value for investors looking to add equity and realize a strong return. Don't miss this opportunity to transform this diamond in the rough into a stunning, value-filled property!

Listing Status:

Active

Listing Office:

Legacy Properties, A Sarah Leonard Company : 630-333-5547

Listing Agent:

Michael Savegnago : 630-333-5547

MLS ID:

12301233

Interior

• Basement: UnfinishedFull
• Heating: Natural Gas

Exterior

Location

Lot

Utilities

Financial

This listing courtesy of Michael Savegnago, Legacy Properties, A Sarah Leonard Company