HOTlist Properties - 12/17/12

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Here are 3 interesting properties currently available on 12/17/12.  These are all multifamily properties located Chicago.  Listed in the order of price, lowest to highest.

#1
1334 North Bosworth, Chicago
2 units + in-law apartment
Listed by Rising Realty

Listed for $189,900, this property is going to get a lot of looks and offers.  This building sits on an over-sized city lot with RT-4 zoning.  I believe the land value exceeds the value of the building in the current market.  There are a lot of builders looking for land to build new construction condos in this area. 

#2
2038 West Huron St, Chicago
2 units
Listed by Resurrecting Real Estate

Ukrainian Village is a great neighborhood with some of the best building stock in the city.   Many of these buildings were built in the late 1800's thru the early 1900's when craftsmanship really meant something.  This property is ideal for a live-in owner with the finished lower level and the above average finishes throughout the units.  The one draw back is the shorter lot. 

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#3
2710 North Artesian Ave, Chicago
5 units
Listed by S Hansen Realty Inc

This is a bank owned multifamily in the West Lakeview neighborhood of Chicago.   The property has been fully rehabbed.  I believe the previous owner planned to sell the units as condos in 2009 (unfortunate timing).   The current rent roll might be a tad under market and there may be a few kinks with the building but for the price and potential return, it's tough to beat.  I think this property is still available partly due to the location (just west of Western Ave and south of Diversey).   Some savvy investor will pick this up eventually.

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If you're an investor looking to purchase multifamily buildings in Chicago, contact Brent Hall to get started today.