203 N Leamington Avenue
Chicago, IL 60644
- 8 beds
- 3 baths
- – sqft
- 3,049 sqft lot
- 1910 build
- – on site
OUTSTANDING - PROFESSIONALLY MANAGED - TURNKEY INVESTMENT OPPORTUNITY! This legal 3-flat is the high-performing asset you've been manifesting, generating an impressive $56,100 in annual rental income with low operating costs. The landlord's responsibilities are minimal, limited to water, landscaping, snow removal, and an incredibly low annual tax bill of just $2,742.67 (without exemptions). Also, the seller's mortgage interest rate of 2.25% can be assumed by the buyer using Roam. Professionally managed and meticulously maintained, this brick beauty offers separate gas and electric meters, individual tankless water heaters, and central heating & cooling in every unit, ensuring that tenants cover all utilities. Because the cost of doing business is everything when it comes to multi-family ownership, we have covered all the essentials; including a coin operated washer & dryer which collects about $300 to $350/mo; basically covering the water & maintenance bill. This Income-producing building has had zero vacancies in the last three years. The reason is very simple: each unit was refurbished with a seamless blend of modern elegance and functionality. Spacious kitchens equipped with dishwashers, microwave, upgraded stoves and refrigerators. The three spacious bedrooms offer our residents space to grow, entertain and lounge. The 2nd & 3rd units have separate dining and living rooms, updated kitchens with granite countertops, stainless steel appliances, and space for a breakfast table, this property is designed for maximum tenant appeal. The legal main-level 2-bed/1-bath unit boasts a modern kitchen with newer appliances and newer flooring. Recent upgrades include a brand-new (2024) tear-off roof, gated entry, and a coin-operated laundry in the lower level for added convenience to your residents and income to your budget. The fully rented detached 2-car garage rounds out this highly desirable investment. Located in the sought-after Austin neighborhood, close to parks, shopping, and public transit, this fully leased, income-generating property is the perfect addition to any investor's portfolio or owner-occupant landlord.
Last checked:
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Last updated Mar 26, 2025
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MLS# 12314738 —
The Building
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Year Built:1910
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Rebuilt:No
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New Construction:false
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Architectural Style:Other
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Roof:Flat
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Basement:Full
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Foundation Details:Concrete Perimeter
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Exterior Features:Storms/Screens
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Other Equipment:CO Detectors, Multiple Water Heaters, Water Heater-Gas
Interior
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Rooms Total:16
Location
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Directions:Cicero to Fulton St, west to Leamington Ave, then south to property.
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Location:87688
The Property
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Parcel Number:16094070130000
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Property Type:Residential Income
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Location:N
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Lot Features:Fenced Yard
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Lot Size Dimensions:26 X 125
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Lot Size Acres:0.07
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Zoning:MULTI
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Waterfront:false
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Additional Parcels:false
Listing Agent
- Contact info:
- Agent phone:
- (312) 498-8473
- Office phone:
- (312) 498-8473
Taxes
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Tax Year:2023
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Tax Annual Amount:2742.67
Beds
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Bedrooms Total:8
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Bedrooms Possible:8
Baths
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Baths:3
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Full Baths:3
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Heating:Natural Gas, Forced Air
Utilities
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Sewer:Public Sewer
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Water Source:Lake Michigan, Public
Schools
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Elementary School:Spencer Elementary School Math &
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Elementary School District:299
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Middle Or Junior School:Marshall Middle School
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Middle Or Junior School District:299
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High School:Marshall Metropolitan High Schoo
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High School District:299
The Community
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Community Features:Curbs, Gated, Sidewalks, Street Lights, Street Paved
Parking
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Parking Total:2
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Garage Type:Detached
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Garage Spaces:2
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Garage Onsite:Yes
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Garage Ownership:Owned
Extra Units
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Other Structures:None
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).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/24/25
Mar 24, 2025
|
Listed / Active | MRED | $485,000 | 15.5% (4.7% / YR) |
|
11/26/21
Nov 26, 2021
|
MRED | $420,000 | ||
|
8/27/21
Aug 27, 2021
|
MRED | $420,000 | 6.3% (4.4% / YR) |
