4800 S Wood St Chicago, IL 60609

This property presents an excellent investment opportunity in the Back Of The Yards neighborhood of Chicago. The lower level is currently configured with retail space at the front and a single residential unit at the rear. The second floor features three apartments, and there is a finished walk-up attic that offers additional potential living space. Zoned RS3, which is purely for multi-family use, there is potential to rezone for mixed-use. The existing retail space could be divided into two storefronts, suitable for businesses such as a nail salon or hairdresser, contingent upon successful rezoning. Alternatively, the retail space could be converted into a large apartment, creating a four-unit property. The building includes a full unfinished basement and a full finished attic. Approximately $200,000 worth of renovations have already been completed, including a new roof, windows, and tuckpointing. Each floor is approximately 3000 square feet, allowing for flexible floor plans. The finished attic could be utilized to create duplex-up apartments. The property is located close to multiple supermarkets, shopping on 47th and Ashland, Davis Park, the I-90 Expressway, and the Western Orange Line, which is just 1 mile away. The lot size is 0.07 acres.