1130 South Richmond Street
1130 South Richmond Street
$400,000
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2
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Description
1130 s. Richmond St., Chicago, IL 60612 - North Lawndale Neighborhood Welcome to a prime investment opportunity in the heart of North Lawndale! This vacant 7-unit multifamily property, located at 1130 S. Richmond St., offers tremendous potential for savvy investors seeking to revitalize and maximize their real estate portfolio. Situated in a historic neighborhood with a rich cultural heritage, this property is a blank canvas awaiting transformation into a lucrative income-producing asset. Property...1130 s. Richmond St., Chicago, IL 60612 - North Lawndale Neighborhood Welcome to a prime investment opportunity in the heart of North Lawndale! This vacant 7-unit multifamily property, located at 1130 S. Richmond St., offers tremendous potential for savvy investors seeking to revitalize and maximize their real estate portfolio. Situated in a historic neighborhood with a rich cultural heritage, this property is a blank canvas awaiting transformation into a lucrative income-producing asset. Property Features: Unit Configuration: Currently vacant, the property has the potential to feature 7 spacious two-bedroom units. Renovation Opportunity: This property is in need of renovation, making it the perfect project for investors looking to add value and boost rental income. With a creative vision and investment in modern amenities, you can transform this property into a highly desirable living space. Desirable Location: Nestled in the North Lawndale neighborhood, this property benefits from its proximity to essential amenities, public transportation, and local attractions. Residents will appreciate the convenience of nearby parks, schools, and shopping centers. Income Potential: Once renovated, this multifamily property has the potential to generate significant rental income. North Lawndale's rental market offers opportunities for attractive rental rates, ensuring a steady cash flow for investors. Historic Charm: North Lawndale is known for its historic architecture and cultural significance. Preserving and enhancing the property's unique features can add to its appeal and value.
- Listed by Anthony Hardy • Keller Williams ONEChicago
- Listed by Travis Montgomery • Keller Williams ONEChicago
Property Details for 1130 South Richmond Street
Area
CHI - North Lawndale
Location
LISTING UPDATED: 03/27/2024 03:00 AM
Property Details for 1130 South Richmond Street
Status | Active |
---|---|
MLS # | 11937289 |
Days on Market | 176 |
Taxes | $5,245 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family 5+ / Multi Family 5+-Other |
Year Built | 1923 |
Lot Size | 0.13 AC / 5,504 SF |
County | Cook County |
Location
Building Information for 1130 South Richmond Street
Stories-Residences7Year Built1923Building Size-Lot Size0.13 AC / 5,504 SF
Payment Calculator
$2,620 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1130 South Richmond Street
Property History for 1130 South Richmond Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1130 South Richmond Street
Taxable ValueLand$5,551Additions$20,448Total$25,999
Tax Record2022$5,366 ($447 / month)
Home Facts
Baths7Total Finished SqFt6,846 SqFtAbove Grade Finished SqFt6,846 SqFtStories3Lot Size4,725 SqFtStyleMulti-Family Res (5+ Units)Year Built1923CountyCOOKAPN16-13-328-025
Schools near 1130 South Richmond Street
This home is within City Of Chicago School District 299.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Charter - | 8 to 12 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Jensen Elementary Scholastic Academy PublicPK to 8 | ||
Manley Career Academy High School Public9 to 12 | ||
North Lawndale Charter High School Charter8 to 12 | ||
North Lawndale Prep Chtr-Collins Charter9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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