7250 Emerald Ave Chicago, IL 60621

This exceptional redevelopment opportunity presents a 28-unit apartment building situated at 7250 S Emerald Ave, Chicago, IL 60621, in Cook County. The property, built in 1930, encompasses a substantial 24,000 square feet of net rentable space across three stories within a single building. Currently vacant, this multifamily investment offers a unique chance to capitalize on a full renovation. The existing structure, previously operational with a mix of one, two, and three-bedroom units, requires complete unit and mechanical system overhauls. The 16,275 square foot lot is zoned RS-3, providing flexibility for redevelopment. With an asking price of $504,000, or $18,000 per unit, and a price per square foot of $21, this property presents a compelling value proposition for investors seeking a below-market cost of construction alternative. The property's location in the Englewood neighborhood of Chicago offers significant potential for future appreciation. This is a prime opportunity to create a thriving apartment complex in a growing area. The APN is 20-28-108-037.