Owner Finance Available
4800 S Wood St
Chicago, IL 60609
🛏️
10
Bedrooms
🚿
6
Bathrooms
📏
—
Sq Ft
📅
1906
Year Built
Chicago, IL 60609
10
Bedrooms
6
Bathrooms
—
Sq Ft
1906
Year Built
Excellent investment opportunity in Back Of The Yards! Currently setup as mixed use with retail space on front portion of lower level plus single residential unit in the rear. Second floor is setup with 3 apartments and walkup finished attic for additional potential living space. Currently zoned RS3 (pure multi family) with potential to rezone for mixed use. Old retail space can be easily divisible into 2 storefronts with successful rezoning - perfect size for a local nail salon, hairdresser, etc. Other option is to convert the old retail space into a large apartment to create a HUGE 4 unit property. Full unfinished basement, plus full finished attic. Nearly $200K worth of work already completed including brand new roof, windows, and tuck pointing. Each floor is approximately 3000 square feet and would allow for a wide variety of floor plans. Take advantage of the full finished attic by creating duplex up apartments. Great location within close proximity to multiple supermarkets, shopping on 47th and Ashland, Davis Park, I-90 Expressway, Western Orange Line just 1 mile away. Seller financing is a possibility otherwise, CASH ONLY.
Property Type
Multi_family
Year Built
1906
HOA
None
Listed Price
$225,000
Free account - No credit card required
Owner financing means the seller of 4800 S Wood St acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. This property in Chicago, IL is available with owner financing terms.
No! One of the biggest advantages of owner financing is that you typically don't need to qualify through a bank. This makes it possible to buy a home even with bad credit, no credit history, or self-employment income that's hard to document.
Down payment terms are negotiable. Sign up for free to get the specific financing details for this Chicago property.