2650 East 83rd Street

Chicago, IL 60617

$349,900
Price
8
Beds
2
Baths
2
1/2 Baths
4,666 Sq. Ft.
$75 / Sq. Ft.
4,666
Sq. Ft.
$75
per Sq. Ft.

Description

Discover a truly remarkable investment opportunity in the heart of Chicago, Illinois, with this expansive two-flat brick building that seamlessly blends residential comfort with entrepreneurial potential. This extraordinary property boasts a generous footprint of approximately 4700 square feet, encompassing three spacious lots each with impressive measurements. There are three separate pin numbers: 21311280430000 (This pin number sits on two lots which is the physical building including an attached...Discover a truly remarkable investment opportunity in the heart of Chicago, Illinois, with this expansive two-flat brick building that seamlessly blends residential comfort with entrepreneurial potential. This extraordinary property boasts a generous footprint of approximately 4700 square feet, encompassing three spacious lots each with impressive measurements. There are three separate pin numbers: 21311280430000 (This pin number sits on two lots which is the physical building including an attached garage) and we have two additional pin numbers and lots 21311280410000 and 21311280420000.) The combination of size, location, and adaptability makes this offering a rare gem in the bustling Chicago real estate landscape. This property is zoned as a 2-flat building. It is not a mixed-use property, but the current owner is utilizing their first floor apartment as a home-based business. Take advantage of this unique opportunity to acquire a property that offers both an exceptional living space and the chance to fulfill your business aspirations. Arrange a viewing today and explore the endless possibilities that await within this two-flat brick building in the heart of Chicago. Don't miss out on this chance to shape your future and make your mark on the city's landscape. Contact us now to schedule your private tour. Size and Space: Spread across four lots, this oversized two-flat building provides ample room to stretch out and explore numerous creative endeavors. With a total of 4 lots there's more than enough space to bring your vision to life. Charming Brick Facade: The exterior of the building exudes classic Chicago charm with its sturdy and enduring brick facade. A timeless aesthetic that fits seamlessly into the neighborhood's character. Income Potential: Whether you're an astute investor or an entrepreneur seeking a live-work space, this property offers a world of income possibilities. The two-flat layout allows for dual rental income streams, while the generous lot size provides ample room for expansion or customization. Home-Based Business Paradise: This property isn't just a residence; it's a canvas for entrepreneurial dreams. Imagine operating a thriving home-based business while enjoying the comforts of home just steps away. The expansive space provides the ideal setting to turn your passion into a reality. Prime Location: Situated in a prime the South Chicago location around major upcoming development (10 minutes from the President Obama Library, 2 miles walking distance from the lakefront, Close to Jackson Park, South Shore Cultural Center and new attractive development projects) this property benefits from its proximity to major transportation routes, vibrant commercial districts, and essential amenities. Enjoy the convenience of city living without the tranquility of a residential setting. Must-See Potential: The combination of size, location, and versatility makes this property a true must-see. Whether you're an investor, an entrepreneur, or someone looking for a distinctive residence, this offering is brimming with potential waiting to be realized.
  1. Listed by Nicole Wheatly • EXIT Strategy Realty

Property Details for 2650 East 83rd Street

Area
CHI - South Chicago
Township
Hyde Park
Ownership
Fee Simple
Num Of Garage Spaces
5.0
Num Of Parking Spaces
5.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas
Zoning
OTHER

Location

Listing Courtesy of EXIT Strategy Realty
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LISTING UPDATED: 04/22/2024 12:07 AM

Property Details for 2650 East 83rd Street

StatusActive
MLS #11869334
Days on Market249
Taxes$2,457 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 2 Story Unit/S
Year Built1964
Lot Size0.23 AC / 10,000 SF
CountyCook County

Location

Listing Courtesy of EXIT Strategy Realty
Add your commute

Building Information for 2650 East 83rd Street

Stories-Residences2Year Built1964Building Size-Lot Size0.23 AC / 10,000 SF

Payment Calculator

$2,114 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,910

Property Taxes

$205

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2650 East 83rd Street

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Garage Details: Garage Door Opener(s), Multiple Garages
  • Garage On Site: true
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Num Of Rooms: 14
  • Bedrooms (Below Grade): 0
  • Basement Type: None
  • Bedrooms Possible: 8
  • Basement Description: None
  • Basement Bathrooms: No
  • # Full Baths in Building: 2
  • # Half Baths in Building: 2
  • Num of Baths: 2.2
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan
Property/Lot Information
  • Exterior Property Features: Balcony, Roof Deck
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 51-60 Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 80X125
  • Total # Units in Building: 2.0
  • Other Structures: Second Garage
  • Waterfront: No
  • Exterior Building Type: Brick
  • General Information: None
  • North Coordinate: 0
  • South Coordinate: 8300
  • East Coordinate: 2650
  • West Coordinate: 0
  • 3 Br Un In Bldg: No
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 33
  • OpenHouse Count: 1
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Unit 1
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 0
Unit 2
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 0

Property History for 2650 East 83rd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2650 East 83rd Street

Taxable ValueLand$5,760Additions$19,240Total$25,000
Tax Record2022$3,876 ($323 / month)
Home Facts
Baths3Total Finished SqFt4,133 SqFtAbove Grade Finished SqFt4,133 SqFtStories2Lot Size5,760 SqFtStyleMulti-Family Res (5+ Units)Year Built1964CountyCOOKAPN21-31-128-043

Schools near 2650 East 83rd Street

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - K to 8
Charter - 9 to 12
Rating
School
Distance
Coles Elementary Language Academy
PublicPK to 8

Great Lakes Academy
CharterK to 8

Epic Academy High School
Charter9 to 12

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.

Similar Homes

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2650 East 83rd Street is a multi-family home for sale in Chicago, IL 60617. This property was listed for sale on August 25, 2023 by EXIT Strategy Realty, it's currently listed at $349,900. It has been on the market for a total of 249 days and was last sold on March 7, 2003. This listing's school district is City Of Chicago School District 299. Nearby schools include Coles Elementary Language Academy, Chicago Vocational Career Academy High School and Great Lakes Academy. 2650 East 83rd Street is a 8-bed, 3-bath, 4,666 sqft multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EXIT Strategy Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.