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Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12691459
Year Built 1905
Annual Tax Amount $4,087
Tax Year 2023
Lot Dimensions 24X125
Property Sub-Type Multi Family 5+
Property Description
Exceptional opportunity to acquire a renovated, six-unit brick greystone in the heart of North Lawndale-one of Chicago's fastest-growing investment corridors. This turnkey asset features an attractive unit mix of one spacious 3-bedroom/1-bath apartment and five well-designed 2-bedroom/1-bath apartments, offering broad tenant appeal and strong rental demand. Delivered completely vacant, the property provides investors with the rare opportunity to lease every unit at today's market rents, implement their own management strategy, and maximize income from day one. Extensive renovations include updated kitchens and bathrooms, new flooring, modern finishes, and significant capital improvements throughout, allowing a new owner to focus on stabilization rather than renovation. The unfinished basement offers additional storage and future value-add potential, subject to buyer verification and approval. Conveniently located near CTA transportation, I-290, Little Village, Pilsen, major healthcare employers, schools, parks, and neighborhood amenities, this property is ideally positioned to benefit from continued neighborhood investment and appreciation. Whether you're expanding an existing multifamily portfolio, completing a 1031 exchange, or seeking an asset ready for immediate lease-up, this is an outstanding opportunity to generate long-term cash flow and equity growth. A comprehensive Offering Memorandum-including projected market rents, financial projections-is available upon request.
Location
State IL
County Cook
Area Chi - North Lawndale
Zoning MULTI
Rooms
Basement Unfinished
Interior
Cooling None
Fireplace N
Exterior
Utilities Available Sewer Connected
Building
Dwelling Type Multi Family 5+
Water Municipal Water
Structure Type Brick
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Listed by Christopher Anthony of Keller Williams ONEChicago
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