6120 S Green Street

Property Description

Attention develpers -this is a prime value-add GREYSTONE opportunity with substantial upside. This oversized building is currently configured as a 2-unit property duplexed to the basement. The property features a total of 9 bedrooms and 3 bathrooms, providing an ideal layout for maximizing rental income once completed with ARV easily in the $400k range. Major progress has already been made, including: Framing completed, Partial plumbing, electrical, and ductwork installed. The true value lies in its flexibility and income potential: Convert to a 3-unit to significantly increase cash flow and overall valuation. Once completed, the property has the potential to generate substantial monthly rental income of over $5k per month, making it an excellent candidate for a long-term hold or profitable resale. Property is being sold as-is. Bring your vision and unlock the full potential of this high-yield asset.

Overview

Property Status

For Sale

MLS ID

12763687

Property Type

Multi-Family

Year Built

1906

Features & Amenities

Water Source

Lake Michigan

Parking

Yes

Heat Type

Natural Gas

Sewer

Public Sewer

School District

299

Sales Price

$139,900

Real Estate Tax

$1,688/yr

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