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1242 S Lawndale Avenue Chicago, IL 60623
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Key Details
Sold Price $377,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11848753
Sold Date 10/04/23
Bedrooms 8
Year Built 1920
Annual Tax Amount $2,916
Tax Year 2021
Lot Dimensions 4010
Property Description
Fully occupied! 3 legal Units (all 2-bed/1-bath). Tons of updates completed! Individual furnaces! New tear-off roof (2022), Newer appliances in all the units, updated plumbing, updated electrical, updated bathrooms (2022), new water heater (2022), new rear doors and transoms, tuckpointing and parapet wall redone, new extra large concrete parking pad for 2 cars in the rear with custom secured gate, outgoing sewer line changed (2022), Newer furnaces throughout, new coin washer and dryer in the basement, porches were done in 2016. No violations. No deferred maintenance! In-place cap rate of 10%+ and a proforma cap rate at 11%+! Current gross rents are $4,062 per month. Reactivated due to the previous buyer being unable to obtain financing.
Location
State IL
County Cook
Rooms
Basement Full, Walkout
Interior
Heating Natural Gas, Forced Air
Fireplace N
Exterior
Waterfront false
View Y/N true
Roof Type Flat
Parking Type Driveway, Alley Access, Rear/Side Entry
Building
Sewer Public Sewer
Water Public
New Construction false
Schools
School District 152, 152, 152
Others
Ownership Fee Simple
Special Listing Condition None
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Lawrence Dunning • Main Street Real Estate Group
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