688 Pennsylvania Ave
Listing Notes
This four-family property presents a unique opportunity for investors and end-users looking to add value. The home includes a fully finished basement, offering additional usable space, as well as a private driveway for added convenience. While the property has solid bones and a functional layout, it does require updates and improvements, making it ideal for buyers seeking a renovation project or value-add investment. Each unit is currently maintained, but there is significant potential to modernize and increase rental income. With its generous configuration, there is also the possibility to convert the property into an eight-family dwelling (subject to proper approvals), further enhancing its income-producing potential. This is a must-see opportunity for those looking to customize, expand, and unlock long-term value.
Price in context
Cheaper than 12% of the 24 homes listed nearby right now, which run $638,000 to $1,350,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 806 New Jersey Ave | $638,000 | 4 bd · 2 ba |
| 202 Malta St | $650,000 | 6 bd · 2 ba |
| 525 Alabama Ave | $670,000 | 3 bd · 2 ba |
| 90 Louisiana Ave | $675,000 | 4 bd · 3 ba |
| 738 Vermont St | $680,000 | 3 bd · 3 ba |
| 589 Hinsdale St | $749,000 | 6 bd · 2 ba |
| 711 Vermont St | $750,000 | 4 bd · 2 ba |
| 682 Georgia Ave | $799,000 | 7 bd · 2 ba |
| 482 Hegeman Ave | $799,000 | 4 bd · 3 ba |
| 610 Alabama Ave | $799,000 | 2 bd · 2 ba |
| 738 New Jersey Ave | $799,999 | Studio |
| 591 Sheffield Ave | $849,000 | 7 bd · 2 ba |
| 631 Hegeman Ave | $850,000 | 6 bd · 2 ba |
| 644 Vermont St | $889,000 | 6 bd · 2 ba |
| 563 Bradford St | $969,777 | 8 bd · 3 ba |
| 563 Bradford St | $969,777 | 8 bd · 3 ba |
| 524 Wyona St | $999,000 | 7 bd · 4 ba |
| 605 Sheffield Ave | $1,149,000 | 7 bd · 4 ba |
| 656 Alabama Ave | $1,149,000 | 8 bd · 5 ba |
| 699 Bradford St | $1,149,000 | 7 bd · 3 ba |
| 334 New Lots Ave | $1,150,000 | 6 bd · 2 ba |
| 548 Sheffield Ave | $1,159,000 | 7 bd · 3 ba |
| 596 Wyona St | $1,250,000 | 12 bd · 6 ba |
| 607 Hegeman Ave | $1,350,000 | 8 bd · 3 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more