1807 N Lawndale Avenue
Chicago, IL 60647
- 9 beds
- 4 baths
- – sqft
- 3,125 sqft lot
- 1888 build
- – on site
More homes
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.
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Dec 17, 2024
•
MLS# 12004857 —
The Building
-
Year Built:1888
-
Rebuilt:No
-
New Construction:false
-
Roof:Asphalt
-
Basement:Full, Walkout
-
Foundation Details:Brick/Mortar, Concrete Perimeter
-
Exterior Features:Deck, Porch, Storms/Screens
-
Other Equipment:Ceiling Fan(s), Multiple Water Heaters
Interior
-
Rooms Total:24
Location
-
Directions:Central Park to Cortland, West to Lawndale then go South to Property
-
Location:86705
-
Location:4646
The Property
-
Parcel Number:13353130240000
-
Property Type:Residential Income
-
Lot Features:Cul-De-Sac
-
Lot Size Dimensions:25X125
-
Zoning:MULTI
-
Waterfront:false
-
Additional Parcels:false
Listing Agent
- Contact info:
- Agent phone:
- (773) 447-5081
- Office phone:
- (773) 447-5081
Taxes
-
Tax Year:2022
-
Tax Annual Amount:11145.38
Beds
-
Bedrooms Total:9
-
Bedrooms Possible:9
Baths
-
Baths:4
-
Full Baths:4
The Listing
-
Short Sale:Not Applicable
-
Special Listing Conditions:List Broker Must Accompany
Heating & Cooling
-
Heating:Natural Gas, Forced Air
Utilities
-
Sewer:Public Sewer
-
Water Source:Lake Michigan
Schools
-
Elementary School:Darwin Elementary School
-
Elementary School District:299
-
Middle Or Junior School District:299
-
High School:Clemente Community Academy Senio
-
High School District:299
The Community
-
Community Features:Park, Curbs, Gated, Sidewalks, Street Lights, Street Paved, Other
Parking
-
Parking Total:2
-
Garage Type:Detached
-
Garage Spaces:2
-
Garage Onsite:Yes
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/13/24
Nov 13, 2024
|
Sold | MRED | $1,065,000 | -3.2% |
|
8/27/24
Aug 27, 2024
|
Pending | MRED | $1,100,000 | |
|
8/2/24
Aug 2, 2024
|
Sold Subject To Contingencies | MRED | $1,100,000 |
