1130 South Richmond Street

Chicago, IL 60612

$400,000
Price
4
Beds
2
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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.
  1. Listed by Anthony Hardy • Keller Williams ONEChicago
  2. Listed by Travis Montgomery • Keller Williams ONEChicago

Property Details for 1130 South Richmond Street

Area
CHI - North Lawndale

Location

Listing Courtesy of Keller Williams ONEChicago
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LISTING UPDATED: 03/27/2024 03:00 AM

Property Details for 1130 South Richmond Street

StatusActive
MLS #11937289
Days on Market176
Taxes$5,245 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1923
Lot Size0.13 AC / 5,504 SF
CountyCook County

Location

Listing Courtesy of Keller Williams ONEChicago
Add your commute

Building Information for 1130 South Richmond Street

Stories-Residences7Year Built1923Building Size-Lot Size0.13 AC / 5,504 SF

Payment Calculator

$2,620 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,183

Property Taxes

$437

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1130 South Richmond Street

General Information
Addtl Parking Information
  • Open Parking Spaces: 0.0
Location and General Information
  • Information: 48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Heat/Ventilation: Other
  • Num of Baths: 2.0
Property/Lot Information
  • Tenant Pays: Other
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Other
  • Lot Dimensions: 43 X 128
  • Stories: 3
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 5
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 7
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $.00
  • Gross Scheduled Income: $.00
  • Insurance Expense: $.00
  • Maintenance Expense: $.00
  • Janitor Expense: 0
  • Total Monthly Income: 0
  • Net Operating Income: $.00
  • Operating Expense: $.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 2
Unit 2
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 0
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 1130 South Richmond Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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1130 South Richmond Street is a multi-family home for sale in Chicago, IL 60612. This property was listed for sale on November 27, 2023 by Keller Williams ONEChicago, it's currently listed at $400,000. It has been on the market for a total of 176 days and was last sold on August 27, 2007. This listing's school district is City Of Chicago School District 299. Nearby schools include Jensen Elementary Scholastic Academy, Manley Career Academy High School and North Lawndale Charter High School. 1130 South Richmond Street is a 4-bed, 2-bath, multi-family home built in 1923.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams ONEChicago

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.