2219 West Berwyn Avenue Chicago, IL 60625

$688,000
6
Beds
0.07
Acres
$688,000
6
Beds
Favorite

active
1/35
Street View

Lincoln Square property, fantastic opportunity for investors, developers, or homeowners. Located on a beautiful tree-lined street, this property has immense potential. Its prime location near Winnemac Park, the Metra, and the Brown Line train makes it attractive to both tenants and buyers. The building itself is a well-maintained two-unit brick structure. Each unit features recently-remodeled kitchens with modern cabinets and quartz countertops, as well as three bedrooms and one bathroom. The hardwood flooring adds to the charm of the units. Significant upgrades have been made to the property, including a new rear porch in 2019, new windows on the first and second floors, and a new water heater in 2021. These improvements ensure that the building is in excellent condition and ready to be utilized to its full potential. The garage on the property requires some cosmetic work, but with a little investment, it can be transformed into a functional and appealing space. Additionally, the basement of the building has a ceiling height of 7 ft, providing ample space for storage or potential additional living areas. What sets this property apart is its eligibility for the City of Chicago's ADU Pilot Program. This means that there is the opportunity to legally add at least one more living unit, further increasing its investment value. Alternatively, one can choose to duplex down and create a spacious owner-occupied unit or convert it into a single-family home. Surrounded by homes valued at $1.5 million, this property is a must-see for savvy investors. It is currently rented, providing a steady rental income while offering the potential to be remodeled and expanded. With an open mind and a clear vision, you can unlock the hidden investment potential of this property and transform it into a lucrative opportunity.

Lincoln Square property, fantastic opportunity for investors, developers, or homeowners. Located on a beautiful tree-lined street, this property has immense potential. Its prime location near Winnemac Park, the Metra, and the Brown Line train makes it attractive to both tenants and buyers. The building itself is a well-maintained two-unit brick structure. Each unit features recently-remodeled kitchens with modern cabinets and quartz countertops, as well as three bedrooms and one bathroom. The hardwood flooring adds to the charm of the units. Significant upgrades have been made to the property, including a new rear porch in 2019, new windows on the first and second floors, and a new water heater in 2021. These improvements ensure that the building is in excellent condition and ready to be utilized to its full potential. The garage on the property requires some cosmetic work, but with a little investment, it can be transformed into a functional and appealing space. Additionally, the basement of the building has a ceiling height of 7 ft, providing ample space for storage or potential additional living areas. What sets this property apart is its eligibility for the City of Chicago's ADU Pilot Program. This means that there is the opportunity to legally add at least one more living unit, further increasing its investment value. Alternatively, one can choose to duplex down and create a spacious owner-occupied unit or convert it into a single-family home. Surrounded by homes valued at $1.5 million, this property is a must-see for savvy investors. It is currently rented, providing a steady rental income while offering the potential to be remodeled and expanded. With an open mind and a clear vision, you can unlock the hidden investment potential of this property and transform it into a lucrative opportunity.

  • Neighborhood
  • Type
  • County
    Cook
  • Area
    CHI - Lincoln Square
  • Tax Amount
    $9,873
  • Status
    Active
  • Listing #
    12094973
  • Built
    1925
  • Lot Size
    0.07
  • Listed on site
    122 days

Listed by:
Century 21 S.G.R., Inc.

mls source logo © 2020 Midwest Real Estate Data LLC. All rights reserved. Listing courtesy of Century 21 S.G.R., Inc..
Click for Map
Smart Commute Planner
Add a destination

Property details

Community Features

  • No HOA

Exterior features

  • Has garage
  • Garage Detached
  • No Pool
  • Basement

Interior Features

  • Heat Gas

Property History

DateDays AgoEventNew Price
Aug 27, 20242 mos agoPrice decreased12,000 (2%)$688,000
Jun 26, 20244 mos agoNew on market$700,000
rating icon
HIGH PRICE
NEW!
Favorite

Tour This Home

Sun
27Oct
Mon
28Oct
Tue
29Oct
Wed
30Oct
Thu
31Oct
Fri
01Nov
Sat
02Nov
Sun
03Nov
Mon
04Nov
Tue
05Nov
Wed
06Nov
Thu
07Nov
Fri
08Nov
Sat
09Nov
in Person
via Video Call