1256 North Lockwood Avenue

Chicago, IL 60651

$450,000
Last Sold Price
8
Beds
6
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Welcome to an exceptional investment opportunity in the heart of Chicago's vibrant Austin neighborhood! This well-maintained, solid brick building boasts six units, offering a mix of two spacious two-bedroom apartments and four cozy one-bedroom residences. Embraced by the charm of hardwood floors throughout, each unit showcases the perfect blend of modern comfort and classic appeal. The property has undergone extensive upgrades, featuring brand-new plumbing and electrical systems, ensuring efficiency...Welcome to an exceptional investment opportunity in the heart of Chicago's vibrant Austin neighborhood! This well-maintained, solid brick building boasts six units, offering a mix of two spacious two-bedroom apartments and four cozy one-bedroom residences. Embraced by the charm of hardwood floors throughout, each unit showcases the perfect blend of modern comfort and classic appeal. The property has undergone extensive upgrades, featuring brand-new plumbing and electrical systems, ensuring efficiency and convenience for all tenants. The roof, a vital component of any property, received a comprehensive renovation just six years ago, adding to the value and peace of mind for future ownership. Additionally, each unit is equipped with its own furnace and water heater, providing autonomy and ease of maintenance. Positioned as an excellent investment opportunity, this property presents a compelling prospect for both seasoned investors and those entering the rental market. With its prime location in the ever-evolving Austin neighborhood, this building promises great rental potential and steady income. Don't miss this chance to own a property that combines reliability, modern amenities, and a prime location, making it an outstanding addition to any investment portfolio. Schedule a viewing today to explore the lucrative possibilities this property offers!
  1. Listed by Jose Vazquez • Realty of Chicago LLC

Sold By Tapia Realty, Inc.

Property Details for 1256 North Lockwood Avenue

Area
CHI - Austin

Location

Add your commute
LISTING UPDATED: 03/08/2024 10:43 AM

Property Details for 1256 North Lockwood Avenue

StatusClosed
MLS #11936933
Days on Market95
Taxes$5,631 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1922
Lot Size0.09 AC / 3,842 SF
CountyCook County

Location

Add your commute

Building Information for 1256 North Lockwood Avenue

Stories-Residences6Year Built1922Building Size-Lot Size0.09 AC / 3,842 SF

Payment Calculator

$2,925 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,456

Property Taxes

$469

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1256 North Lockwood Avenue

General Information
Addtl Parking Information
  • Indoor Parking: 1-5 Spaces
Location and General Information
  • Information: List Broker Must Accompany,48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: None
  • Heat/Ventilation: Forced Air,Gas,Individual Furnaces
  • Num of Baths: 6.0
Property/Lot Information
  • Tenant Pays: Electricity, Heat, Varies by Tenant
  • Built Before 1978: Yes
  • Approximate Age: 36-50 Years
  • Multi-Family Type: Flats
  • Lot Dimensions: 3842
  • Stories: 2
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 23
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $64,800.00
  • Gross Scheduled Income: $64,800.00
  • Insurance Expense: $.00
  • Maintenance Expense: $.00
  • Janitor Expense: 0
  • Total Monthly Income: 5400
  • Net Operating Income: $33,139.00
  • Operating Expense: $21,569.00
  • 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 Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 4
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Baths Total: 1
  • 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 1256 North Lockwood 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 1256 North Lockwood Avenue

Taxable ValueLand$3,840Additions$24,160Total$28,000
Tax Record2022$5,759 ($480 / month)
Home Facts
Baths6Total Finished SqFt4,226 SqFtAbove Grade Finished SqFt4,226 SqFtStories2Lot Size3,840 SqFtStyleMulti-Family Res (5+ Units)Year Built1925CountyCOOKAPN16-04-127-034

Schools near 1256 North Lockwood 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
Public - 9 to 12
Rating
School
Distance
Lewis Elementary School
PublicPK to 8

Orr Academy High School
Public9 to 12

YCCS West
Charter9 to 12

Banner West Academy High School
Public9 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.

Similar Homes

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Similar Sold Homes

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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 Realty of Chicago LLC

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.