1807 North Lawndale Avenue
1807 North Lawndale Avenue
$1,100,000
9
4
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Description
Exceptionally well-located legal 4 unit steps to 606 trail, 1 mile to Healy Metra, 1.5 miles to California Blue line, and everything Logan. Currently a 6.6 Cap at asking price. Offers multiple investment objectives as investor or end user. Unit mix offers (1) 3 bedroom 1 bath and (3) 2 bedroom 1 bath. Individual gas forced heat and central air, separate hot water tanks, newer kitchens and baths, hardwood floors, huge yard and in unit laundry make these units very desirable. Current Gross Monthly...Exceptionally well-located legal 4 unit steps to 606 trail, 1 mile to Healy Metra, 1.5 miles to California Blue line, and everything Logan. Currently a 6.6 Cap at asking price. Offers multiple investment objectives as investor or end user. Unit mix offers (1) 3 bedroom 1 bath and (3) 2 bedroom 1 bath. Individual gas forced heat and central air, separate hot water tanks, newer kitchens and baths, hardwood floors, huge yard and in unit laundry make these units very desirable. Current Gross Monthly Income $7,400.00; Annual Income is currently $88,800 with increasing the rents at the next lease renewals, the building should be grossing closer to $105,600. Current Net Operating Income is about $73,000. Property was completely gut rehabbed with plans and permits about 11 years ago and is fully stabilized with 3 leases expiring June, July and August 2024 and 1 unit MTM providing an opportunity to increase rents. At lease renewals, rents should be: Unit G $1,800 Unit 1 $2,350 with a garage parking space Unit 2 $2,350 with a garage parking space Unit 3 $2,300. Total Monthly goes from current amount of $7,400 to $8,800; Taking the yearly gross to $105,600 and the NOI to $90,000; making this an 8 cap. Zoning Certificate shows 4 units. Don't miss out on this money maker and make your appointment today.
- Listed by Anthony Macias • Adonis Realty LLC
Property Details for 1807 North Lawndale Avenue
Area
CHI - Logan Square
TownshipWest Chicago
OwnershipFee Simple
Num Of Garage Spaces2.0
Num Of Parking Spaces2.0
Parking Included in PriceYes
Heat/FuelNatural Gas, Forced Air
ZoningMULTI
Location
LISTING UPDATED: 05/02/2024 10:58 AM
Property Details for 1807 North Lawndale Avenue
Status | Active |
---|---|
MLS # | 12004857 |
Days on Market | 49 |
Taxes | $11,145 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Two to Four Units / 4 Flat |
Year Built | 1888 |
Lot Size | 0.07 AC / 3,125 SF |
County | Cook County |
Location
Building Information for 1807 North Lawndale Avenue
Stories-Residences4Year Built1888Building Size-Lot Size0.07 AC / 3,125 SF
Payment Calculator
$6,932 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1807 North Lawndale Avenue
Property History for 1807 North Lawndale 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 1807 North Lawndale Avenue
Taxable ValueLand$9,453Additions$44,550Total$54,003
Tax Record2022$11,145 ($929 / month)
Home Facts
Baths4Total Finished SqFt4,408 SqFtAbove Grade Finished SqFt4,408 SqFtStories3Lot Size3,150 SqFtStyleMulti-Family Res (5+ Units)Year Built1886CountyCOOKAPN13-35-313-024
Schools near 1807 North Lawndale Avenue
This home is within City Of Chicago School District 299.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Public - | 7 to 12 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Mcauliffe Elementary School PublicPK to 8 | ||
North-Grand High School Public9 to 12 | ||
Marine Leadership Academy - Ames Public7 to 12 | ||
Pritzker College Prep 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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