About 5677 West Higgins Avenue
has been exclusively engaged to market for sale 5677-79 W. Higgins Ave., a center-entrance jumbo 4-unit apartment building in Chicago's Jefferson Park neighborhood. The offering presents a tremendous opportunity for a rehabber/developer to acquire a project-ready asset in one Chicago's most highly sought-after northwest side neighborhoods. Notably, the Subject Property will be delivered vacant at closing - allowing an investor to start project work immediately upon closing. The Subject Property is comprised of four (4) spacious 2 Bed/1 Bath units, each featuring a large separate living and dining room. Typical floor plans are provided in the "Additional Information" section at the end of the offering memorandum. Recent capital improvements include a replaced sanitary line, a newer electrical service, replaced windows, a newer high-capacity common hot water heater, copper plumbing supply lines to all units, and PVC waste pipes from all units. The property also features a well-maintained, covered, rear porch and includes a large four (4) car brick garage. The offering presents an excellent opportunity for an investor to capitalize on the prior owner's significant capital investment across many of the major building systems - effectively reducing the project costs towards delivering a "new construction-like" asset in a neighborhood where renter demand for high-quality newer housing is exceptionally strong.
Features of 5677 West Higgins Avenue
| MLS® # | 12500488 |
|---|---|
| Price | $975,000 |
| Bedrooms | 8 |
| Bathrooms | 4.00 |
| Acres | 0.00 |
| Year Built | 1925 |
| Type | Residential Income |
| Sub-Type | Two to Four Units |
| Status | Contingent |
Community Information
| Address | 5677 West Higgins Avenue |
|---|---|
| Area | CHI - Jefferson Park |
| City | Chicago |
| County | Cook |
| State | IL |
| Zip Code | 60630 |
Amenities
| Parking Spaces | 4 |
|---|---|
| Parking | On Site, Detached, Garage |
| # of Garages | 4 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Steam |
|---|---|
| Fireplace | No |
| Has Basement | Yes |
| Basement | Unfinished, Full |
Exterior
| Exterior | Brick |
|---|
School Information
| District | 299 |
|---|
Additional Information
| Days on Market | 6 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Essex 312, LLC |
|---|---|
| Contact Info | dan@essex312.com |