New listing in Congress Park
770 Monroe Street, Denver 80206
4 Beds /2 Baths / 2000 SF / $695,000
Perfect opportunity to build equity and customize your dream home. Live walking distance to Congress/Cheeseman Park, Cherry Creek North, and the new 9th Ave/Colorado Development (called 9+CO). This home in the 7th Avenue Historic District feeds into the renowned Steck Elementary School but is not historically designated. Live in a top-ranked area in Denver known for walkable local businesses, rich architectural style, and a shady canopy of mature trees.
Classic 2000 sf 1923 brick bungalow with 3 bedrooms 1.75 bathrooms on a 4460 sf lot with a small garage. A spacious foyer leads into a classic living room with a fireplace and dining room. Great opportunity to upgrade the kitchen and create an open concept during the process. Two bedrooms and one bathroom with vintage pink tile complete the main level. The basement includes a large family/bedroom with egress, 3/4 bathroom, laundry, bedroom without egress, and storage/mechanical room. This home has been a rental earning $2400/m since 2018 with room to increase rent to $2800 according to Zillow. Move-in ready or a great opportunity to renovate.
A similar home with beautiful upgrades sold for $880K (1168 Adams Street) and 608 Cook Street will close for $930K. Add a second story and transform this into a 3000+ sq ft home worth $1.385K like 737 Garfield across the alley. At 916 Jackson a homeowner is doing a full remodel and adding a second story for $450K leaving equity for the new owner.
Four doors from 8th Ave provide ample separation. Three minutes from Trader Joe’s, Snooze, and Postino, and much more at new 9+CO. Walking distance from 12th Ave shops/restaurants in Congress Park or head south to Sixth Ave restaurants including Barolo and the luxury shops of Cherry Creek North. Home sold as-is (new water-main in 2013 and newer furnace).