About The Property

Attention develpers -this is a prime value-add GREYSTONE opportunity with substantial upside. This oversized building is currently configured as a 2-unit property duplexed to the basement. The property features a total of 9 bedrooms and 3 bathrooms, providing an ideal layout for maximizing rental income once completed with ARV easily in the $400k range. Major progress has already been made, including: Framing completed, Partial plumbing, electrical, and ductwork installed. The true value lies in its flexibility and income potential: Convert to a 3-unit to significantly increase cash flow and overall valuation. Once completed, the property has the potential to generate substantial monthly rental income of over $5k per month, making it an excellent candidate forRead MoreRead Less
Courtesy of Blue Door Dave Inc [email protected]
Listing Snapshot
Days Online
18
Last Updated
Property Type
Two To Four Units
Beds
9
Year Built
1906
MLS Number
12603460
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Additional Details

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Basement
"Unfinished", "Full"
Building
Construction Materials: "Brick", "Limestone", Built in 1906, Rebuilt: No
Heating
"Natural Gas"
Lot
Dimensions: 0
Parking
Parking Total: 2
Sewer
"Public Sewer"
Utilities
Water Source: "Lake Michigan"
Taxes
Annual Taxes: $1,688, Year: 2023
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30 Days Snapshot Of 60621
$125k
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61
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