Highest & Best due by 5pm Monday 27th Wow. Opportunity knocks with this gorgeous Graystone on the best street in Woodlawn. PLEASE READ CAREFULLY. Seller started to upgrade this property and has permits and plans to convert from a legal 2 unit to a LEGAL 3 UNIT (See MLS Additional Documents for architect drawings and list of recently done work) Much of the heavy lifting is done. Seller needs to relocate for work and does not want to manage the project from out of state. The property will require additional work and rehab $$ BUT there is tons of equity in the finished project. Priced today as a legal 2 unit you can gain instant equity by completing the job making it a legal 3 unit. Top unit is a 4 bed 1 bath. 1st floor is 3 bed 1 bath and garden unit can be 1 bed or studio. Rent potential approx $4000 to $4300 per month. Unit 2 needs just cosmetic rehab and possibly new floors. Unit 1 has new kitchen and bath finished and requires floor and drywall work. Garden Unit needs the most work per the City approved plans. This is an awesome historic building on a great street in booming Woodlawn. Check out the surrounding homes and all the development.Property needs work but the comps show the ARV is there. This is not a handyman special. Needs experienced GC or flipper/developer to bring this beauty back to life. Check out the similar Graystone comps all within a 1/4 mile of the property. 6234 Greenwood sold for $538K 6541 Ingleside sold for $600K Sold as is where is. Buyer welcome to use current architect plans. Buyer can transfer permit to own name or new GC. 203K financing OK under CERTAIN CONDITIONS. READ MLS BROKER NOTES PLEASE.
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