Description
Eligible for the Illinois Historic Preservation Tax Credit Program, this handsome assemblage located in the Jackson Boulevard Historic District is rich with history and unlimited potential. This property offers 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 eight income-producing apartments. Each unit has been thoughtfully designed to optimize functionality while preserving the historical character of the building. With a mix of one and two-bedroom units, this 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 is currently listed as a single-family townhome. Built in 1890, this historic gem reflects the architectural charm of its era, boasting intricate details and timeless elegance. Beyond its potential as an income-producing property, this distinguished property holds significant historical value within the Jackson Boulevard historic district. The possibilities are endless for those seeking a distinctive investment or a place to call home. This property is primed to become a showcase of modern living while paying homage to its remarkable past.