This handsome assemblage located in the Jackson Boulevard Historic District is rich with history and unlimited potential. Oriented on a generous 52’ X 98’ lot, this 10,000 sq. ft, offering is a unique opportunity for residential redevelopment or income-producing units, making it a remarkable investment opportunity.
The properties at 1500-1502 Jackson Boulevard, have been divided into seven income-producing apartments. Each unit has been thoughtfully designed to optimize functionality while preserving the historical character of the building. With a mix of studio, one-bedroom, and two-bedroom units, this portion of the property presents an exceptional opportunity for rental income. The demand for housing in this area is consistently high due to its proximity to renowned institutions such as the University of Illinois at Chicago, Rush Hospital, Skinner Park, and the United Center.
The adjacent property at 1504 W. Jackson Boulevard stands as a single-family home that spans approximately 2000 square feet. Built in 1890, this historic gem reflects the architectural charm of its era, boasting intricate details and timeless elegance. As you step through the front door, you’ll be greeted by a captivating blend of period-specific features and modern amenities, creating a comfortable and inviting atmosphere. From its spacious living areas to its two floors of bedrooms, the single-family home at 1500 Jackson Boulevard offers ample space for luxurious living.
Beyond its potential as an income-producing property, this distinguished estate holds significant historical value within the Jackson Boulevard historic district. With its roots tracing back to 1890, the property exudes a historic pedigree that reflects the rich heritage of the area. While limited in provenance, it has been well-preserved over the years and has only seen two owners, with the current owner being the second.
The possibilities are endless for those seeking a distinctive investment or a place to call home. Whether you choose to retain its current layout or explore creative renovation options, the historic property on Jackson Boulevard is primed to become a showcase of modern living while paying homage to its remarkable past.
Updated on July 19, 2023 at 12:51 pm