1242 South Albany Avenue
1242 South Albany Avenue
$420,000
16
6
—
—
—
Closed 12/21/22
Description
This gorgeous 6 unit Graystone overlooking Douglas Park offers awesome rental potential with low expenses where you will depreciate, pay down principal, build equity and cash out on your investment- all while using rental income. All units rented m/m, long term, low turnover plus reliable: rents are lower than market can bear. Each unit has separate heat, gas and electric. Many updates have been made while preserving the classic architecture and original accents. Heaters replaced 12 years ago, Tuckpointed...This gorgeous 6 unit Graystone overlooking Douglas Park offers awesome rental potential with low expenses where you will depreciate, pay down principal, build equity and cash out on your investment- all while using rental income. All units rented m/m, long term, low turnover plus reliable: rents are lower than market can bear. Each unit has separate heat, gas and electric. Many updates have been made while preserving the classic architecture and original accents. Heaters replaced 12 years ago, Tuckpointed 5 years ago, Water Heater replaced 3 years ago. The building has a full length, full height, open, cemented basement. The property is a solid investment!
- Listed by Alexandro Camarena • Martinez Realty Group Inc
Sold By Martinez Realty Group Inc
Property Details for 1242 South Albany Avenue
Area
CHI - North Lawndale
Num Of Parking Spaces0.0
Location
LISTING UPDATED: 12/22/2022 03:59 PM
Property Details for 1242 South Albany Avenue
Status | Closed |
---|---|
MLS # | 11423390 |
Days on Market | 201 |
Taxes | $4,765 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family 5+ / Flats |
Year Built | 1895 |
Lot Size | 0.08 AC / 3,484 SF |
County | Cook County |
Location
Building Information for 1242 South Albany Avenue
Stories-Residences6Year Built1895Building Size-Lot Size0.08 AC / 3,484 SF
Payment Calculator
$2,689 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1242 South Albany Avenue
Property History for 1242 South Albany Avenue
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 1242 South Albany Avenue
Taxable ValueLand$4,259Additions$16,740Total$20,999
Tax Record2022$4,334 ($361 / month)
Home Facts
Baths6Total Finished SqFt7,260 SqFtAbove Grade Finished SqFt7,260 SqFtStories3Lot Size3,625 SqFtStyleMulti-Family Res (5+ Units)Year Built1893CountyCOOKAPN16-24-101-036
Schools near 1242 South Albany 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 - | 9 to 12 | |||
Charter - | 8 to 12 |
Rating | School | Distance |
---|---|---|
Johnson Elementary School PublicPK to 8 | ||
Manley Career Academy High School Public9 to 12 | ||
North Lawndale Prep Chtr-Collins Charter9 to 12 | ||
North Lawndale Charter High School Charter8 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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