1245 South Lawndale AvenueChicago, IL 60623Price: $715,000

  • Price: $715,000
  • 160 Days on Market
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Federal 30-year interest rate: 6.58% last updated on Nov 23, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 1905Year Built

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6 Unit Greystone Building with 2-Bedroom/1-Bath units. 3 units in front and 3 in rear, separated by an enclosed center hallway. New rubber TPO roof with gutter heaters that can be illuminated, monitored by CCTV, and activated remotely. 5 apartments were rehabbed in the past 30 months. New furnaces and hot water tanks in most units. Custom kitchens, luxury vinyl floors, and ceiling fans in 5 units. Kitchen cabinets with soft/quiet close door gaskets. 2 yr old stainless appliances in 4 units. New Provia Energystar rated grand entrance door with transom and sidelights. This building has 2 separate full basements, one in front and one in back, separated by the middle hallway. The rear full basement has separate front and rear entrances, and can be legally converted to an additional dwelling unit; offering the potential for a total of 7 legal units in this building. 2 parking spaces in back. Hi-Definition CCTV camera system that can be viewed remotely. Building has all copper plumbing, updated electrical (400 amp service), and individual circuit breaker panels in each unit. Secure and dependable cash flow from 5 subsidized units and from 1 non-subsidized unit. Current rents are: 5 subsidized units @ $1248. (heat included in subsidized leases), one unit @ $725 a month, all units are currently rented. Property to be sold AS-IS.

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Listed by Victor Zack of ASAP Realty

Based on information submitted to MRED  as of November 26, 2022 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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