3510 North Sheffield Avenue
Closed
Lake View
$1,080,000
Whether you’re considering selling or buying a multi-family property, the time is ripe for action.. Buyers can unlock New Opportunities with as low as 5% down (owner occupy) with the changing landscape in the multi-family space as the recent decision by Fannie Mae and Freddie Mac to lower the required down payment for owner-occupant purchases. The down payment requirement has dropped from 15%-25% to an astonishingly low 5% for 2-4 unit properties. This move has opened the doors for new buyers, creating a surge in demand for multi-family units in Chicago. Sellers looking to exit could be in a great position with this increased demand.
Property Type
Bedrooms
9
Bathrooms
3
Half Baths
0
Square Footage
3,636
Unit Count
3
Year Built
1895
Neighborhood
Lake View
Multi Family
Property Details
Listing Agent:
Jason Rowland
312.927.1942
Nestled in the heart of Lakeview and only steps to Wrigley Field, Clark St., and Southport Avenue sits this extremely well maintained LEGAL 3-flat (zoned RT-4) offering a unique opportunity to either a value-add or armchair investor. All three units contain a 3Bed / 1Bath floorplan with hardwood floors throughout, updated kitchens, and laundry IN-UNIT. The 1st floor could be duplexed into the basement to create a duplex owners' unit or an expansive floorplan to increase rental income. Large rear decks for each apartment and garage parking (2 spaces rented for $150/space) compliment this Wrigleyville gem. Nettlehorst school district and close to multiple transportation options + all Lakeview / Southport Corridor have to offer.