1130 South Richmond StreetChicago, IL 60612Price: $400,000

  • Price: $400,000
  • 199 Days on Market
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Federal 30-year interest rate: 6.99% last updated on Jun 6, 2024
* 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.
  • 1923Year Built

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1130 S. Richmond St., Chicago, IL 60612 - North Lawndale Neighborhood Welcome to a prime investment opportunity in the heart of North Lawndale! This vacant 7-unit multifamily property, located at 1130 S. Richmond St., offers tremendous potential for savvy investors seeking to revitalize and maximize their real estate portfolio. Situated in a historic neighborhood with a rich cultural heritage, this property is a blank canvas awaiting transformation into a lucrative income-producing asset. Property Features: Unit Configuration: Currently vacant, the property has the potential to feature 7 spacious two-bedroom units. Renovation Opportunity: This property is in need of renovation, making it the perfect project for investors looking to add value and boost rental income. With a creative vision and investment in modern amenities, you can transform this property into a highly desirable living space. Desirable Location: Nestled in the North Lawndale neighborhood, this property benefits from its proximity to essential amenities, public transportation, and local attractions. Residents will appreciate the convenience of nearby parks, schools, and shopping centers. Income Potential: Once renovated, this multifamily property has the potential to generate significant rental income. North Lawndale's rental market offers opportunities for attractive rental rates, ensuring a steady cash flow for investors. Historic Charm: North Lawndale is known for its historic architecture and cultural significance. Preserving and enhancing the property's unique features can add to its appeal and value.

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Listed by Anthony Hardy of Keller Williams ONEChicago

Based on information submitted to MRED  as of June 12, 2024 . 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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