Home For Sale In Chicago, Illinois

Anthony Macias

This listing was posted on RealtyWW.

$1,175,000

Home For Sale In Chicago, Illinois

Price:

$1,175,000

Home Loan:

Mortgage Rates are Still Low - Free Quote Now

BR/BA:

9 BR, 4 BA

Location:

1807 N Lawndale Ave, Chicago, IL

Description:

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.For more details: https://realtyww.info/homes_chicago-d523258/for-sale_i69638122

Property Type:

Single-Family Houses

Amenities:

AC, Parking, Wood Floors

Posted:

March 19 on RealtyWW

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1807 N Lawndale Ave | Chicago IL | 7209504626

Home For Sale In Chicago, Illinois

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