Active

1807 N Lawndale Avenue

Chicago IL, 60647

$1,175,000


Active

9 Beds

4 Baths

Residential

Built in 1888

Courtesy of Adonis Realty LLC

Exceptionally well-located legal 4 unit steps to West end of 606 trail, 1 mile to Healy Metra, 1.5 miles to California Blue line, and everything Logan. Offers multiple investment objectives as investor or end user. Unit mix offers (1) 3 bedroom 1 bath and (3) 2 bedroom 1 bath. Individual gas forced heat and central air, separate hot water tanks, newer kitchens and baths, hardwood floors, huge yard and in unit laundry make these units very desirable. Current Gross Monthly Income $7,400.00; Annual Income is currently $88,800 with increasing the rents at the next lease renewals, the building should be grossing closer to $96,000. Current Net Operating Income is about $73,000. Property was completely gut rehabbed with plans and permits about 11 years ago and is fully stabilized with 3 leases expiring June, July and August 2024 and 1 unit MTM providing an opportunity to increase rents. At lease renewals, rents should be: Unit G $1,800 Unit 1 $2,350 with a garage parking space Unit 2 $2,350 with a garage parking space Unit 3 $2,300 Total Monthly goes from current amount of $7,400 to $8,800; Taking the yearly gross to $105,600 making the NOI closer to $90,000. Zoning Certificate 4 units. Don't miss out on this money maker and make your appointment today.

12004857

MLS ID

March 14, 2024

Listed

March 28, 2024

Updated

Map

1807 N Lawndale Avenue
Chicago IL, 60647

Interior Features

Bedrooms

9 Beds


Bathrooms

4 Baths


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Natural Gas, Forced Air

Exterior/Building Features

Exterior Features

Deck, Porch, Storms/Screens


Lot Features

Cul-De-Sac


Roof

Asphalt


Sewer

Public Sewer

School Information

School District

299


High School

Clemente Community Academy Senio


Elementary School

Darwin Elementary School

Other Property Details

Area Name

CHI - Logan Square


Taxes

$11,145


Tax Frequency

Annually


Days on Market

7


Garage

Yes


Garage Spaces

2


Parking Total

2


View

No


County

Cook


Municipality

West Chicago


Water Source

Lake Michigan


Pool

No


Zoning

MULTI


Buyer Agency Compensation

2% - $595

Courtesy of Adonis Realty LLC, Anthony Macias,
Listing Contact: 773-447-5081 

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than The Lowe Group are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

Based on information submitted to the  MLS GRID for MRED 3/28/2024. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

©2024 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.

Data last updated 4:43 AM UTC, 3/28/2024

 

 

Powered byLuxury Presence