Description

5756 S. Green Street is a twelve (12) unit, vintage walkup style apartment building located in Chicago' s fast-growing and historic Englewood neighborhood. 5756 S. Green has twelve spacious two bedroom apartments with a separate dining room making them ideal as an investment in this premier location in Englewood. The property is currently 100% vacant and is now bank owned following a foreclosure action against the previous owner/developer. Besides its tremendous curb appeal, the property is
located one block west of Halsted Street with much commercial activity and public transportation lines.

The property was taken back by the Bank following a modest renovation by the prior owner. There has been some damage from vandalism, but the property is now secured. The property is currently one hundred percent (100%) vacant so that the full scale renovation can be started immediately by the new owner. Units are in varying levels of habitability, many of the units are intact and ready for rental with very modest cosmetic upgrades.

The subject property is located in Chicago' s southwest side neighborhood of
Englewood. Englewood is bounded by Garfield Boulevard (55th Street) on the north, 75th Street on the south, State Street on the east and Ashland Avenue on the West. Englewood is making a grand effort to gentrify and increase its economic and cultural base. In the heart of Englewood, the City of Chicago is completing a $254 million expansion of one of the City Colleges of Chicago, Kennedy King College at 63rd and Halsted, the site of the former Englewood mall. One immediate result of the project will be skyrocketing property values. What many considered a blighted community is suddenly a hot spot.