6328 South Laflin Street
6328 South Laflin Street
$245,000
6
2
—
—
—
Contingent
Description
INVESTORS SPECIAL/203K Special: This property presents a compelling opportunity for the discerning investor or savvy buyer looking to make their mark. Situated in a desirable location with promising potential, the owner's eagerness to sell, coupled with the "SOLD AS IS" condition, opens the door for creative visionaries to transform this space into something extraordinary. Although the property may not comply with FHA, Conventional, or VA requirements right now, that in no way should be a dampener...INVESTORS SPECIAL/203K Special: This property presents a compelling opportunity for the discerning investor or savvy buyer looking to make their mark. Situated in a desirable location with promising potential, the owner's eagerness to sell, coupled with the "SOLD AS IS" condition, opens the door for creative visionaries to transform this space into something extraordinary. Although the property may not comply with FHA, Conventional, or VA requirements right now, that in no way should be a dampener for the far-sighted man. In fact, it is under such a state of affairs that the opportunity may easily appeal to one looking for investment avenues, such as through the 203K loan program, or to individuals capable of taking up renovation projects to unlock the property's real value. At the core of this property is a rough diamond. With comparable sales in the area coming in at an after-repair value of $400,000, there is room for value appreciation upon strategic renovations and upgrades. The possibilities are endless-be it turning it into your own family home or realizing maximum income potential with this investment property. By finishing the basement, the property could hold another 2 to 3 more rooms on the first floor, thereby making it an excellent 6-bedroom, 2-bathroom apartment. This allows for a duplex setup, truly making it nice and feasible both for home and investment. The rent rate also gives credence to the business model of this area, containing an overall rent rate of $1,300 to $1,600 for a 3-bedroom, 1-bathroom apartment. In so doing, this provides a more than stable platform in being able to accrue consistent rental income for the property's potential investment returns. In short, yes, some initial work and investment will need to be done on the property, but all of the preliminary stuff is in place now for a successful adventure. With a little vision, resources, and expertise, this piece of property can become something greater than a home to you; it can become a lucrative investment opportunity. Just a blank canvas ready for your innovative touch to make it the next masterpiece.
- Listed by Sherri Washington • TADD Realty
Property Details for 6328 South Laflin Street
Area
CHI - West Englewood
TownshipHyde Park
OwnershipFee Simple
Num Of Garage Spaces2.0
Num Of Parking Spaces2.0
Heat/FuelNatural Gas
Location
LISTING UPDATED: 06/05/2024 03:09 AM
Property Details for 6328 South Laflin Street
Status | Contingent |
---|---|
MLS # | 12052517 |
Days on Market | 28 |
Taxes | $704 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Two to Four Units / 2 Flat |
Year Built | 1895 |
Lot Size | 0.09 AC / 3,875 SF |
County | Cook County |
Location
Building Information for 6328 South Laflin Street
Stories-Residences2Year Built1895Building Size-Lot Size0.09 AC / 3,875 SF
Payment Calculator
$1,396 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 6328 South Laflin Street
Property History for 6328 South Laflin Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 6328 South Laflin Street
Taxable ValueLand$1,550Additions$1,950Total$3,500
Tax Record2022$720 ($60 / month)
Home Facts
Baths2Total Finished SqFt2,256 SqFtAbove Grade Finished SqFt2,256 SqFtStories2Lot Size3,100 SqFtStyleMulti-Family Res (5+ Units)Year Built1898CountyCOOKAPN20-20-101-032
Schools near 6328 South Laflin Street
This home is within City Of Chicago School District 299.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 7 to 12 | |||
Charter - | K to 8 | |||
Public - | PK to 8 |
Rating | School | Distance |
---|---|---|
Bass Elementary School PublicPK to 8 | ||
Lindblom Math & Science Academy High School Public7 to 12 | ||
Providence-Englewood Elementary Charter School CharterK to 8 | ||
Davis M Magnet Elementary School PublicPK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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