Fantastic rehab or tear-down opportunity in highly coveted Lincoln Park for developers and investors! The building requires a full gut down to the studs with endless possibilities for a rental play, owner-occupancy, house hacking, or AirBnB/short term rental. This 2-flat with RT-4 zoning has received ZBA approval to add an addition to the rear of the building, turning the building into a 3-flat for even more income potential. Located in the prestigious Lincoln Park school district close by the Halsted shopping district, lake shore, and more. All units: 3 bed / 2 bath and approx. 1400 sf according to plans. Drive-by only.
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Location
327 W Armitage Avenue, Chicago, IL 60614
Status
Sold
Date Sold
January 29, 2024
Features & Amenities
Interior
total bedrooms6
Total bathrooms3
Area & Lot
StatusSold
Date SoldJanuary 29, 2024
Lot Area2,178 Sq.Ft.
MLS® ID11916632
TypeMulti-Family
YEAR BUILT1888
NeighborhoodLincoln Park
Elementary SchoolLincoln Elementary School
High SchoolLincoln Park High School
School District299
Exterior
water SourceLake Michigan
roofFlat
HEAT TYPENatural Gas, Electric, Forced Air
sewerPublic Sewer
SubstructureBrick/Mortar
Financial
Sales Price$800,000
Real Estate Tax$21,919/yr
Lincoln Park
A picturesque neighborhood that beckons the affluent with its green spaces, restaurants, and varied architecture
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