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Image 1 - 3142 S Wells St, Chicago, Illinois, 60616 - House for sale
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Home For Sale In Chicago, Illinois
3142 S Wells St, Chicago, Illinois, 60616

Home For Sale In Chicago, Illinois

house for sale
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Listed: 03/05/24

3142 S Wells St, Chicago, Illinois, 60616

7 Bed:
4.5 Bath:
3,518 Sq Ft Living Area:
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Price
$ 430,000

About This House

Prime Investment Opportunity in Armour Square/Bridgeport Discover a unique investment just a short walk from Guaranteed Rate Field. This building comes with blueprints for a three-unit, 4 story property transformation, permit approval in final stages. Envision modern, open-concept living spaces with large kitchens and laundry in each unit. A 3 bedroom, 2.1 bath, owner's duplex up and two additional units with 2 bedrooms and 1.1 baths. Gutted and ready for renovation, this property is perfect for contractors, real estate investors, or savvy buyers with cash or 203K financing, offering a blank canvas in one of Chicago's most desirable locations.

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Household Income

Median household income: $57,238
Number of households: 1,1M
The average household income in Chicago, IL grew from $55,295 to $57,238 in the past year. This data is an estimate based upon 1,1M households in Chicago, IL.
The chart below presents how household income is distributed in Chicago, IL in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Chicago, IL compared to median property taxes around the country. The prevalent amount of property taxes in Chicago, IL equals $3k+ , which is more than the national average.