3251 S Lowe AVE Chicago, IL 60616

Massive 8 unit property in prime Bridgeport location near Sox Park and Halsted/35th Streets! This building has been under same ownership for 50+ years and now presents a unique opportunity in the community. Presently configured with a large 3 bed, 1 bath owners' unit with separate dining living & dining rooms; (2) 2 bed, 1 bath units on the front of the building; (3) 2 bed, 1 bath units on the rear of the building (with enclosed porches) and (2) studio apartments off the building's center entry...the building has enjoyed stable tenants over the years. With 4 vacant units, you have the ability to modernize & increase rental income - or bring your own tenants in from the start. Market rate rent projections are included in our pro forma. Building also has interior stairs that lead to the roof - great opportunity to create roof deck(s) on the property. You could also all 3 floors to massive, condo-quality floor through apartments with private balconies, or convert to condominiums. Opportunities are endless! Full unfinished basement currently houses water heater for each unit plus 7 individual storage cages. Lovely backyard, which could be converted to parking spaces - though parking is easy on Lowe. Taxes reflect a senior freeze & senior exemption - see broker private remarks for more details, including pro forma. Convenient to Sox Park, CTA, restaurants on 35th and Halsted streets, with easy access to Chinatown, Hyde Park/University of Chicago, South Loop, Pilsen's Art/Music Scene, expressway and UIC Medical campus. Come home!