Old Town 2-Flat and Coach House- Value Add or Tear Down?

1401-n-mohawk-value-add-tear-down-multifamily-for-sale.jpg

$700,000

1401 N. Mohawk St. Chicago, IL 60610

Type:  Multifamily 2 unit + 2 unit coach house
Lot Size:  24' x 122'
Assessments:  n/a
Taxes:  $18,798
County:  Cook
Gross Income: $0
Neighborhood: Old Town | Near North

Listing Broker's property remarks: 
An investor's dream in highly desirable Old Town! Two 2 flats on this property. Front building first floor unit and duplexed 2nd floor "owner's suite". Back building one bedroom unit on 1st floor and 2 bedroom unit upstairs. Plenty of opportunities for upgrades throughout. Two blocks from the L Stop. Walking distance to some of Chicago's finest dining, shopping, and entertainment.

Brent Hall +client service notes:
Rare opportunity to buy a 4 flat in Old Town with tremendous upside. The neighborhood supports high-end single family homes, condos and luxury apartments. This building sits on a 24’x122’ lot (per 80 acre), zoned RT-4. Ideal location for a new construction 2-unit building with two duplex units or build a large single family home. My bet is this sells to an investor who will remodel the units and hold for rental income. Bank owned.


Do you own a property in Chicago that you think a builder or investor would be interested in buying, either as tear down (land value) or a rehab project? Contact Brent Hall to request an offer today or choose to list your property for sale on the open market.

Brent Hall: 312-725-6171
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Listing Courtesy of Vesta Preferred LLC
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