For Sale: 932 E 50TH, Chicago, IL 60615. 7-bedroom 5.5-bath, 1880 Kenwood $625,000 begin new search
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Overview

**Captivating Investment Opportunity: 1880's Victorian & Brick Coach House** Welcome to a rare gem in the Kenwood/Hyde Park Community. Nestled on a sprawling 19,000+ square feet lot, this property presents an exceptional investment opportunity for savvy investors seeking prime real estate for development. **Property Highlights:** - **Historic Charm:** Built in the 1880s, the Victorian residence exudes timeless elegance, while the brick Coach House adds character and versatility to the property. - **Expansive Lot:** Spanning over 19,000 square feet, this sizable lot boasts a length of 284 feet, offering ample space for various development possibilities. - **Premier Location:** Situated in a coveted location, the property enjoys easy access to major amenities, renowned schools, and vibrant entertainment hubs, making it an ideal choice for prospective buyers. - **Alley Access:** With alley access on the entire east side and north end of the lot, developers have the convenience of easy ingress and egress for construction purposes, enhancing the appeal for potential projects. **Development Potential:** The generous lot size and strategic location make this property an excellent canvas for development projects such as: - **Row-Homes:** With the lot's dimensions, there's potential for the creation of row-homes, catering to the demand for upscale urban living. - **Condo Building:** Explore the possibility of constructing a modern condo building, offering luxury residences that capitalize on the area's desirability. - **Multi-Unit Development:** Utilize the vast space to develop a multi-unit residential complex, accommodating the growing demand for rental properties in the area. **Property Details:** - **Victorian Residence:** Offering approximately 5500 square feet of living space, the Victorian residence awaits restoration, presenting an opportunity to breathe new life into its historic charm. - **Brick Coach House:** Comprising approximately 3000 square feet, the Coach House provides additional space and potential for renovation or repurposing to suit your vision. **Renovation Opportunity:** While the Victorian and Coach House are in need of renovation, this presents a blank canvas for investors to reimagine and revitalize these structures, adding significant value to the property. **Don't Miss Out:** Rarely does an opportunity of this caliber present itself. Whether you're an experienced developer or an investor seeking to diversify your portfolio, this property offers endless potential and promises substantial returns on investment. Contact us today to schedule a viewing and unlock the possibilities that await with this remarkable real estate opportunity.

Address 932 E 50TH

Chicago, IL 60615
Listing Status Active
Asking Price $625,000
Original Listing $625,000 @
Ownership
Property Type Fee Simple
Asssessment N/A
HOA Features Park, Tennis Court(s), Curbs, Sidewalks, Street Lights, Street Paved, Other
Rooms
Kitchen, Recreation Room, Bedroom 5, Bedroom 6, Bedroom 7
Square Footage Not Disclosed
Bedrooms 7
Full Bathrooms 5
Half Baths 1
Location
Directions Lake Shore Drive to 51st street (Hyde Park Blvd) exit. West to Woodlawn Ave. South to 50th. West to address.
Neighborhood Kenwood
School District Not Listed
Public Records
County Cook
Tax PIN 20111100100000
Property Tax $23,393 for the year 2021
Features
Year Built 1880
Laundry Location
Elevator Not Listed
Cooling None
Heating Natural Gas
Sewer/Septic Public Sewer
Fireplaces Wood Burning,Decorative,More than one (2)
Interior Features Hardwood Floors, First Floor Laundry, Second Floor Laundry, Built-in Features, Walk-In Closet(s), Ceiling - 10 Foot, Historic/Period Mlwk, Special Millwork, Separate Dining Room, Pantry, Plaster
Association Fee Frequency Not Applicable
Basement Full, English
Electric Circuit Breakers
High School District 299
Living Area Source Estimated
New Construction No
Monthly Payment Calculator
Listing Source
Platform MRED
AOR
MLS Number MRD12020593
Courtesy of Coldwell Banker Realty
Exterior
Style Detached Single
Material Not Listed
Lot Size 285 X 69
Fencing Not Listed
Topography Not Listed
Swimming Pool Not Listed
Parking
Off Alley
Off Street
Driveway
Alley Access
Carriage House
Expandable
Storage
Total Spaces: 12
Garage Spaces: 4
Non-Garage Spaces: 0 -
View Not Listed