1215 South Homan Avenue

Chicago, IL 60623

$695,000
Price
18
Beds
9
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Stunning 9-unit Greystone at 1215 S Homan in the growing North Lawndale market! Property features 9 2bed/ 1 bath units with 3 units on each level (Front, Middle, Rear). 4 of 9 units have been recently renovated. Tenant makeup is a mix of 3 subsidized and the remaining market rate with the subsidized units achieving $1,350-1,400 in monthly rent. There is a front and rear basement offering additional storage space for tenants. Building features a mix of copper and galvanized plumbing, gas boiler, and...Stunning 9-unit Greystone at 1215 S Homan in the growing North Lawndale market! Property features 9 2bed/ 1 bath units with 3 units on each level (Front, Middle, Rear). 4 of 9 units have been recently renovated. Tenant makeup is a mix of 3 subsidized and the remaining market rate with the subsidized units achieving $1,350-1,400 in monthly rent. There is a front and rear basement offering additional storage space for tenants. Building features a mix of copper and galvanized plumbing, gas boiler, and separate electrical meters. Phenomenal opportunity for an investor to increase rents by remodeling the remaining units and occupying with subsidized or market rate tenants.
  1. Listed by Liam Moore • 33 Realty

Property Details for 1215 South Homan Avenue

Area
CHI - North Lawndale

Location

Listing Courtesy of 33 Realty
Add your commute
LISTING UPDATED: 03/14/2024 12:06 AM

Property Details for 1215 South Homan Avenue

StatusActive
MLS #11999370
Days on Market88
Taxes$14,405 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1900
Lot Size0.11 AC / 5,000 SF
CountyCook County

Location

Listing Courtesy of 33 Realty
Add your commute

Building Information for 1215 South Homan Avenue

Stories-Residences9Year Built1900Building Size-Lot Size0.11 AC / 5,000 SF

Payment Calculator

$4,993 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,793

Property Taxes

$1,200

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1215 South Homan Avenue

General Information
Location and General Information
  • Information: List Broker Must Accompany,48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Heat/Ventilation: Radiators
  • Num of Baths: 9.0
Property/Lot Information
  • Tenant Pays: Air Conditioning, Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Flats
  • Lot Dimensions: 25X200
  • Stories: 3
  • Construction: Brick, Stone
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2024-03-08T19:56:54
  • Photos Count: 13
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 9
Income & Expenses
  • Electric Expense: $35.00
  • Fuel Expense: $584.00
  • Gross Income: $94,800.00
  • Gross Scheduled Income: $94,800.00
  • Insurance Expense: $516.00
  • Maintenance Expense: $800.00
  • Manager Expense: $395.00
  • Electric Expense Source: Actual
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 0
  • Manager Expense Source: BP
  • Repairs-Decor Expense Source: Broker Projection
  • Trash Expense Source: Actual
  • Total Monthly Income: 7900
  • Water Expense Source: Actual
  • Net Operating Income: $49,494.00
  • Operating Expense: $45,306.00
  • Other Expense: $.00
  • Trash Expense: $167.00
  • Water Sewer Expense: $1,014.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 6
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 2
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 1215 South Homan Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1215 South Homan Avenue

Taxable ValueLand$5,250Additions$64,545Total$69,795
Tax Record2021$14,081 ($1,173 / month)
Home Facts
Stories3Lot Size5,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1901CountyCOOKAPN16-23-204-009

Schools near 1215 South Homan Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - K to 8
Charter - K to 8
Rating
School
Distance
Lawndale Elementary Community Academy
PublicPK to 8

Manley Career Academy High School
Public9 to 12

LEARN Chtr - Butler
CharterK to 8

LEARN Romano Butler
CharterK to 8

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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1215 South Homan Avenue is a multi-family home for sale in Chicago, IL 60623. This property was listed for sale on March 8, 2024 by 33 Realty, it's currently listed at $695,000. This listing's school district is City Of Chicago School District 299. Nearby schools include Lawndale Elementary Community Academy, Manley Career Academy High School and LEARN Chtr - Butler. 1215 South Homan Avenue is a 18-bed, 9-bath, multi-family home built in 1900.

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 33 Realty

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.