north center chicago

3124 N. Leavitt Street Chicago, Ill.

Now available is a unique opportunity to put your signature touch on a 6,600 square-foot home in North Center Chicago. The residence pictured above, located at 3124 N. Leavitt Street, is can be yours for $1,399,000.

Built in 2008, this four-level home comes with six bedrooms, four full baths, one partial bath and 2,500+ square-feet of exterior space, which includes the rooftop. But, here’s the kicker: The listing notes “the home has been stripped away from anything of value.” It’s estimated to cost between $200-$300K to finish the home. Click the link at the end of this post to see several photos of the interior.

So, in essence the new owner will have a huge, partially-customized home (think of the possibilities!) less than a decade old. On top of that, this is a great opportunity to create equity. The listing also notes new homes in North Center are selling for $350 a square foot. The list price for this home is just $210 per square foot.

Everyone likes a bargain, but that’s really just the start. This home sits on a convenient, wide open lot that is just steps away from Hamlin Park. Other features of this residence is its rooftop soaring four stories above street level, breezeway and convenient 800 square-foot garage that big enough for cars.

For those unfamiliar with the North Center Chicago neighborhood, it’s a vibrant and eclectic community on the city’s affluent North Side, as the name implies. There is a wide array of retail and restaurant options, as well as live music and theater venues in the neighborhood.

This is sort of an unusual deal, but one that makes total financial sense given the numbers quoted above. According to the mortgage calculator, the estimated monthly payment is $6,607 given 20% down on a 30-year loan with a 3.75% interest rate.

You can find much more information on this home for sale in North Center Chicago, including additional photos, by clicking here.