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$465,000

Est. payment - /mo

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11 Beds

3 Baths

Active Under Contract

1856 S Lawndale AVE Chicago, IL 60623

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Cristina Gluszek

cristinagluszek@gmail.com +1(815) 557-3821

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Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 12327596

Style Greystone

Bedrooms 11

Year Built 1903

Annual Tax Amount $3,589

Tax Year 2023

Lot Dimensions 31X125

Property Sub-Type Two to Four Units

Property Description

Classic Greystone with a finished garden unit located in the fast growing North Lawndale neighborhood and 6 Min walk to Pink Line (Ogden-Central Park) Perfect Investment opportunity. Features a grand total of 11 bedrooms, 3 bathrooms across three levels, and 6 parking spaces. The rental income and room for more exceeds the estimated mortgage, taxes, and insurance. You'll enjoy positive cash flow! Also qualifies for 4-bedroom vouchers, so there's great potential for the new owner to request a rental increase through CHA, providing a significant boost to your monthly cash flow. Ideal if you're looking to live in one unit and rent out the others or maximize returns with a fully rented building, the strong local rental market and promising future makes this a savvy investment for seasoned investors and first-time multi-family buyers alike. Given the current market trends and comparable rental properties in the area, rent adjustments are in your favor, enhancing your return on investment. Located near the rapidly expanding Illinois Medical District, this property benefits from increased housing demand driven by thousands of new jobs and substantial economic growth. Local industrial sites are being repurposed for community benefit. Shops, eateries, and facilities are revitalizing commercial corridors and enhancing everyday convenience for residents. Don't miss your chance to grab a prime piece of real estate in an area on the rise!! It's time to make a move to have you set for years to come!

Location

State IL

County Cook

Area Chi - North Lawndale

Zoning MULTI

Rooms

Basement Finished, Exterior Entry, Full

Interior

Heating Natural Gas, Forced Air

Equipment Ceiling Fan(s)

Fireplace N

Building

Dwelling Type Two to Four Units

Building Description Stone, No

Sewer Public Sewer

Water Public

Structure Type Stone

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Mario Zelaya • eXp Realty, LLC