3251 S Lowe Ave, Chicago, IL 60616
OFF MARKET
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3251 S Lowe Ave
Chicago, IL 60616

South Commons

Homes for Sale Near 3251 S Lowe Ave

Local Information

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Description

This property is not currently for sale or for rent on Trulia. The description and property data below may have been provided by a third party, the homeowner or public records.
Massive 8 unit property in prime Bridgeport location near Sox Park and Halsted/35th Streets! This building has been under same ownership for 50+ years and now presents a unique opportunity in the community. Presently configured with a large 3 bed, 1 bath owners' unit with separate living & dining rooms; (2) 2 bed, 1 bath units on the front of the building; (3) 2 bed, 1 bath units on the rear of the building (with enclosed porches) and (2) studio apartments off the building's center entry staircase...the building has enjoyed consistent and long-term rental tenants over the years. With 4 vacant units, you have the ability to refresh & increase rental income - or bring your own tenants in from the start. Market rate rent projections are included in our pro forma. Building also has interior stairs that lead to the roof - great opportunity to potentially create roof deck(s) on the property. You could also renovate all 3 floors to massive, condo-quality floor through apartments with private balconies, or convert to condominiums. Opportunities are endless! Full unfinished basement currently houses water heater for each unit plus 8 individual storage cages. Lovely backyard, which could be converted to parking spaces - though parking is easy on Lowe. Taxes reflect a senior freeze & senior exemption - Taxes with *no* exemptions for 2020 would have been $13,999. Contact us for a copy of our pro forma. Convenient to Sox Park, CTA, restaurants on 35th and Halsted streets, with easy access to Chinatown, Hyde Park/University of Chicago, Bronzeville, South Loop, Pilsen's Art/Music Scene, expressway and UIC Medical campus. Come home!

Home Highlights

Parking
None
Outdoor
Porch
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
No Info

Home Details for 3251 S Lowe Ave

Interior Features

Interior Details
BasementAdditional StorageTypes of Rooms: Dining Room, PantryStorageCeiling Fan
Heating & Cooling
Heating: OtherCooling System: None
Levels, Entrance, & Accessibility
Stories: 3Floors: Carpet, Concrete, Hardwood
Appliances & Utilities
Refrigerator

Property Information

Year Built
Year Built: 1897
Property Type / Style
Property Type: Multi Family

Exterior Features

Exterior Home Features
LawnPorch
Parking & Garage
Parking: None

Lot Information

Lot Size: 3,125 sqft

LGBT Local Legal Protections

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Homes for Rent Near 3251 S Lowe Ave

Off Market Homes Near 3251 S Lowe Ave

3251 S Lowe Ave, Chicago, IL 60616 is a 8 bedroom, 6 bathroom multi-family built in 1897. 3251 S Lowe Ave is located in South Commons, Chicago. This property is not currently available for sale.