663 50Th StChicago, IL 60615

For Sale
$699,000

Chicago 3-unit apartment building, great investment.

Overview

Added:
Dec 11, 2024
Days on market:
92
Exceptional investment opportunity in Chicago's vibrant Bronzeville neighborhood! This brick three-flat building at 663 E 50th St, located near Cottage Grove Avenue and S Langley Ave, offers three spacious three-bedroom, one-bathroom apartment units. Each unit boasts hardwood floors, ample closet space, and a back porch. The building also features a non-conforming basement, presenting the potential for conversion into a fourth apartment unit, significantly increasing rental income. The property benefits from its convenient location, providing easy access to the I-90/I-94 expressway, ensuring effortless commutes. Its proximity to the University of Chicago campus, the Smart Museum of Art, and a variety of restaurants, bars, and retail establishments (including McDonald's, Dollar Tree, and Ross) adds to its appeal. This well-maintained building is a strong contender for Chicago Housing Authority (CHA) qualification. The property is zoned RT-4, offering flexibility for future development or improvements. This is a rare opportunity to acquire a solid multifamily investment in a highly sought-after location. Don't miss out on this chance to own a piece of Chicago's thriving real estate market.

Highlights

  • Brick three-flat building with three 3-bedroom, 1-bathroom units and a non-conforming basement, offering potential for a fourth unit.
  • Strong Chicago Housing Authority (CHA) qualifier.
  • Units feature hardwood floors, ample closet space, and back porches.
  • Located on 50th Street near Langley Avenue and Cottage Grove Avenue.
  • Excellent access to I-90/I-94 expressway.
  • Close proximity to the University of Chicago, Smart Museum of Art, and various retail amenities.

Property Details for 663 50Th St

Property type
Multifamily properties, Apartment buildings
Units
3

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.8038549
Longitude
-87.6088602
663 50Th St, Chicago, Illinois

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663 50Th St
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