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$250,000   Price Analysis
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2856 S Emerald Ave
Chicago, IL 60616
5 bed 2 bath unknown SqFt ($0/SqFt)
Built 1885
Listed 2024-05-02, Taxes $3,752
Ⓧ USDA Ineligible
due to location

near Chicago

Best and Final deadline to submit offers is Sunday 12pm.

* Has Contingent Offer *

Presenting a rare investment opportunity in the thriving Bridgeport rea: a legally zoned multi-unit property poised for development. Currently structured as a two-flat, this offering is sold as is and represents an outstanding prospect for new construction given the age and condition of the existing building. The front unit, generating a steady income of $1, 000 per month on a month-to-month lease, is complemented by a vacant rear unit, ready for your vision and transformation.

Situated on a desirable block brimming with potential, this property invites the astute investor to capitalize on the dynamic local real estate market. With its competitive pricing, this opportunity is not to be missed. Act swiftly to harness the possibilities of this prime development site. Your strategic investment awaits. All remaining contents will stay.


Presented by Christopher Cucci at
Cucci Realty.
Listing Agent Photo

Property MLS #12045126 from MRED

Bedrooms: 5
Bedrooms Possible: 5

Total Rooms: 12
Basement Features: Full, English
Basement Description: Unfinished

Total Bathrooms: 2
Full Bathrooms: 2

Heating Features: Natural Gas, Forced Air, Radiant, Sep Heating Systems - 2+

Parking Features: Off Street
Parking Total: 2

Association: No
Calculated Total Monthly Association Fees: 0

High School District: 299

Healy Elementary School is a public elementary and middle school located approximately 0.3 miles away.
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St Barbara Elementary School is a private elementary and middle school located approximately 0.3 miles away.
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McKinley Academy at Lakeside is a public high school located approximately 1 miles away.
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Community Features: Park, Tennis Court(s), Sidewalks, Street Lights, Street Paved

Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 3
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Total Rooms in Unit-1: 5
Total Rooms in Unit-2: 6
Unit 1 Total Actual Rent: 1000

Annual Tax Amount: 4492.83
Source Listing Status: Active Under Contract
County: Cook
Directions: TAKE HALSTED EAST ON 28TH ST SOUTH TO EMERALD RIGHT TO PROPERTY
Tax Year: 2022
Ownership: Fee Simple
Source Property Type: Residential Income
Parcel Number: 17283090400000
Township: South Chicago
Zoning: MULTI
Property Subtype: Two to Four Units
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2020$16,640 + $12,650
$29,290
$3,752
2019$20,261 + $12,650
$32,911
$3,740
2018$20,261 + $12,650
$32,911
$3,684
2017$17,029 + $10,062
$27,091
$3,944
2016$17,029 + $10,062
$27,091
$4,307
2015$17,029 + $10,062
$27,091
$4,140
2014$17,902 + $8,625
$26,527
$4,319
2013$17,902 + $8,625
$26,527
$4,346
2012$17,902 + $8,625
$26,527
$3,544
2011$16,839 + $14,375
$31,214
$2,825
2010$16,839 + $14,375
$31,214
$2,386
2009$16,839 + $14,375
$31,214
$2,093
2007$25,313 + $6,094
$31,407
$1,973
2006$25,313 + $6,094
$31,407
$2,387

Listed 2024-05-02
$250,000
MRED

Year Built: 1885
Property Age: 139

Sewer: Public Sewer, Sewer-Storm
Water Source: Lake Michigan, Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.