Doug Himmelman
- Buy
- Sell
Description
Attention Buy-and-Hold Investors-Your Next Project Starts Here! Some properties are looking for a fresh coat of paint, this one is looking for a fresh start. Welcome to 9737 S Prairie Ave, a classic brick 2-flat offering the kind of opportunity that experienced investors are always searching for. Each unit features 2 bedrooms and 1 full bath, providing a functional layout ready to be completely reimagined through a full renovation. The property requires a complete gut renovation and is being sold as-is, making it an ideal opportunity for buyers seeking a project from the ground up. Whether your long-term strategy includes retaining the property after improvements or adding another multi-unit asset to your portfolio, this building offers the flexibility to execute your vision. Outside, a detached 2.5-car garage and the slightly oversized lot provide added functionality and possibilities for future outdoor improvements. Location strengthens the opportunity. Just three blocks from Chicago State University, the property enjoys convenient access to CTA bus routes, the Metra Electric District, neighborhood shopping, restaurants, and everyday services. Nearby Abbott Park offers green space and recreation, while the historic Pullman National Historical Park is just minutes away, bringing additional character and interest to the surrounding area. Opportunities to acquire brick multi-unit properties with this much redevelopment potential don't come along every day. If you've been waiting for your next long-term investment project, this may be the one worth exploring. Bring your contractor, your renovation plans, and your long-term vision-because the next successful chapter of this property is ready to be written.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Bedrooms: 4
Bathrooms: 2
County: Cook
Listed By:
Trademarks & Associates
773-306-0352
MRED MLS
MLS ID: 12697839
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9737 S Prairie Avenue, Chicago, IL 60628.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $99,000 | $99,000 | $99,000 |
| Down Payment | $19,800 | $3,465 | $24,750 |
| Monthly Mortgage Amount | $488 | $591 | $617 |
| Taxes | $138 | $138 | $138 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $44 | $0 |
| Monthly Estimated Total | $726 | $873 | $855 |
Doug Himmelman
REALTOR®
Office: (563) 441-5086
Cell: (563) 271-1325
Corporate Office
5704 Utica Ridge Road
Davenport, IA 52807
(563) 441-5200
Davenport, IA 52807
(563) 441-5200
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