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$1,065,000
9
beds
4
baths

1807 N Lawndale Avenue
Chicago, Illinois 60647

Closed / MLS #12004857 / Multiple Unit (2-4) / Logan Square
Listing information updated 11/14/2024 at 6:04am
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.
Exterior Type:
Brick,Limestone
Basement:
Finished,Exterior Access
Beds Above Grade:
9
Heating System:
Natural Gas, Forced Air
Pool:
No
Age:
100+ Years
Roof Type:
Asphalt
Parking Type:
Garage
Garage:
Garage Door Opener(s),Transmitter(s)
Room Count:
24
Water Front:
No
Square Feet:
N/A
Lot Size:
Oversized Chicago Lot
Tax Amount:
$11,145
Tax Year:
2022
Zip Code:
60647
City:
Chicago
County:
Cook
School District(s):
299
Elementary School:
Darwin Elementary School
Middle School:
N/A
High School:
Clemente Community Academy Senio

Listing Office: Adonis Realty LLC

Listing Office Phone: 773.447.5081

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 11/14/2024 at 6:04am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Logan Square, IL

Logan Square proves that it is hip to be square after all. The neighborhood attracts residents with its artistic vibe, park-like boulevards, and thriving dining scene. The Logan Square Boulevards District, lined with beautiful homes and mature trees, is a designated Chicago landmark. Although it’s...

Metra

Metra
Milwaukee District North line at Healy Metra
$730,631
Average Sale Price
51
Average Days On The Market
99%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 1807 N Lawndale Avenue, Chicago, IL 60647

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1807 N Lawndale Avenue is a multiple unit (2-4) which sold for $1,065,000. 1807 N Lawndale Avenue features 9 Beds, 4 Baths. This multiple unit (2-4) has been listed on @properties since March 14th, 2024 and was built in 1888. Nearby schools include Darwin Elementary School and Clemente Community Academy Senio. The nearest transit stops include Healy Metra Metra Milwaukee District North line.

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