621 Prairie Avenue (Off Market)

For Sale, USD 795,000


Property Type : N/A

Property Style : N/A

Build Size : N/A

Land Size : N/A

Bedroom : 0

Bathroom : 0

Half Bathroom : 0

MLS#: 12358862


Property Description

The home at 621 Prairie sits on a 7388 square foot lot (clear survey under additional information) 6 doors south of McKenzie in ideal downtown Wilmette location. The three bed/2.5 bath (actually has a master bath) was fully renovated in 2015 and has been rented without a month of vacancy these last 10 years. See the most recent rental MLS listing #10340217 (copy under additional information as well) for a more complete description of the home. Pictures here are from 2018. The current tenant is paying $4100 a month but is leaving June 30th. In this market the fair market rent is closer to $4500. The owner has taken notice of the scarcity of developable lots anywhere near downtown Wilmette. Knowing the development potential for a parcel of this size, he has decided to offer up this opportunity at fair market value while waiting on the current lease to end to see if a deal can get done. It is actually much too good a house to take down so if no buyer comes forth he will make the further investment to update inside and out and then list for sale so some happy family will be able to settle in before the start of school. Hardwood floors throughout, 2015 windows, roof, HVAC, kitchen, bathrooms and finished basement. Importantly, the house could be rented short or long term with nothing more than some interior painting for at least $4500 a month. With most recent taxes of only $12,200, it will more than cover the cost of carry until ready to break ground. Once under contract, and if the buyer intends to rent it post-closing, we would help get a new lease in place starting within a week of closing. The rear of the lot/detached garage is accessed off the alley so no side driveway needed eating up valuable width. Worth a look!
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621 Prairie Avenue, United States,Illinois,Wilmette is a Wilmette luxury N/A listed for sale USD 795,000. This high end Wilmette N/A is comprised of 0 bedrooms and 0 baths. Find more luxury properties in Wilmette or search for luxury properties for sale in Wilmette.