Residential Income for Sale: 1807 N Lawndale, Chicago, IL 60647

9 beds
$1,100,000
$1,100,000
1807 N Lawndale, Chicago, IL 60647
9 beds
$1,100,000
Remove from
Favorites
Add to
Favorites
Add to
Trip Map
Hide Share or
Email
Price:
$1,100,000
$75,000 - 04/26/2024

Type Residential Income
Beds 9
Year Built 1888

City Chicago
County Cook
School District 299

MLS 12004857
Status Pending
Exceptionally well-located legal 4 unit steps to 606 trail, 1 mile to Healy Metra, 1.5 miles to California Blue line, and everything Logan. Currently a 6.6 Cap at asking price. 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 $105,600. 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 and the NOI to $90,000; making this an 8 cap. Zoning Certificate shows 4 units. Don't miss out on this money maker and make your appointment today.

Room Features

Basement Description Finished, Exterior Access

Lot & Building Features

Heating Forced Air, Natural Gas
Parking Description Garage
Sewer Public Sewer
Tax Year 2022
Water Lake Michigan
Lot Dimensions 25X125 ft

Community and Schools

Elementary School 299
Senior High School Clemente Community Academy Senio

Price History of 1807 Lawndale, Chicago, IL

Date Name Price Difference
04/26/2024 Price Adjustment $1,100,000 6.38%
12/31/1969 Listing Price $1,175,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Comparable Properties Sold Near By


Photo of Nancy Hotchkiss
Direct: 312-339-3405
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by Adonis Realty LLC, Anthony Macias
$
20%
1%
6.75%
$
$
$
Monthly Payment
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

1807 Lawndale (MLS #12004857) is a residential income listing located in Chicago, IL. This property was listed on 03/14/2024 and has been priced for sale at $1,100,000.

Nearby zip codes are 60618, 60622, 60623, 60639 and 60651.

Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Adonis Realty LLC