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Center-entrance six-unit apartment building located in Chicago's vibrant Sheridan Park neighborhood. Given its location, the property presents an investor with the opportunity to leverage the City's ADU Pilot Program and the potential to convert the property into eight (8) legal units by adding two (2) 2 Bed/2 Bath Garden units. The Subject Property currently consists of four (4) 3 Bed/2 Bath units and two (2) 4 Bed/2 Bath units. The property also includes two (2) large unfinished basements, back decks, a communal backyard and four (4) to five (5) exterior parking spaces. In addition, a new owner may benefit from adding central air conditioning and heating, and in-unit laundry. These improvements may equate to an estimated 47% increase in income. The property, which benefits from convenient access to multiple CTA Stations and bus stops, is located across the street from Harry S Truman College, as well as a multitude of trendy restaurants, local coffee shops and evening entertainment options.

Property Details of 4431 North Racine Avenue

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Listed by Nicholas Apostal of Keller Williams ONEChicago

Based on information submitted to MRED  as of August 18, 2022 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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