405 E Oakwood Chicago, IL 60653

  • $175,000
  • Sold Date: 01-01-70

405 E Oakwood Chicago, IL 60653
Active
405 E Oakwood Chicago, IL 60653
405 E Oakwood Chicago, IL 60653
  • $175,000
  • Sold Date: 01-01-70

Description

Excited to present a unique opportunity to acquire 2 adjacent raw condos located at 3957 S. King Dr., P2-1 & P3-1, in the vibrant Bronzeville neighborhood of Chicago. Priced at $175,000, this offering includes approximately 750 SF per unit, with the potential to combine for a total of 1,500 SF. Boasting approximately 15-foot ceilings, these spaces allow for the addition of lofts, maximizing usable square footage. Situated in the heart of Bronzeville, a neighborhood experiencing significant revitalization and growth, this property benefits from strong foot traffic, proximity to public transportation, thriving local businesses, and new residential developments. The ongoing tax appeal adds further value to the offering, enhancing its investment potential. The flexibility of these raw units allows investors or developers to customize the space to meet market demand, whether as high-end rental units, unique office spaces, or luxurious residential homes. This rare opportunity combines exceptional architectural features, including towering ceilings and potential outdoor spaces, with a prime location in one of Chicago’s most historic and culturally rich neighborhoods. At $175,000, this property offers both short-term potential and long-term appreciation, making it an ideal investment for those looking to capitalize on Bronzeville’s upward trajectory. Don’t miss the chance to craft something truly spectacular in a thriving community.

  • Listing Courtesy of: Keller Williams ONEChicago

Details

Updated on December 22, 2024 at 4:47 pm
  • Price: $175,000
  • Property Size: 1500 Sq Ft
  • Bedroom: 0
  • Bathroom: 0
  • Property Type: Condo
  • Property Status: Active
  • Parcel Number: 20032030351068
  • Water Source: Lake Michigan
  • Sewer: Public Sewer
  • Days On Market: 6
  • AdditionalParcelsYN: 1
  • Cumulative Days On Market: 6
  • Tax Annual Amount: 486.38
  • Cooling: None
  • Asoc. Provides: None
  • Room Type: No additional rooms
  • Directions: Continue on I-290 E. Take I-90 E/I-94 E to S Wentworth Ave. Take exit 55B from I-90 E/I-94 E Continue on S Wentworth Ave. Take W Pershing Rd to S King Dr/S Martin Luther King Dr
  • Exterior: Brick
  • Association Fee Frequency: Not Required
  • Living Area Source: Landlord/Tenant/Seller
  • Township: Hyde Park
  • Asoc. Billed: Not Required
  • Parking Type: None
  • Address 405 E Oakwood
  • City Chicago
  • State/county IL
  • Zip/Postal Code 60653
  • Country Cook

Overview

  • Condo
  • Property Type
  • 0
  • Bedroom
  • 0
  • Bathroom
  • 1500
  • Sq Ft

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