1807 North Lawndale Avenue

Chicago, IL 60647

$1,100,000
Price
9
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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.
  1. Listed by Anthony Macias • Adonis Realty LLC

Property Details for 1807 North Lawndale Avenue

Area
CHI - Logan Square
Township
West Chicago
Ownership
Fee Simple
Num Of Garage Spaces
2.0
Num Of Parking Spaces
2.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas, Forced Air
Zoning
MULTI

Location

Listing Courtesy of Adonis Realty LLC
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LISTING UPDATED: 05/02/2024 10:58 AM

Property Details for 1807 North Lawndale Avenue

StatusActive
MLS #12004857
Days on Market49
Taxes$11,145 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 4 Flat
Year Built1888
Lot Size0.07 AC / 3,125 SF
CountyCook County

Location

Listing Courtesy of Adonis Realty LLC
Add your commute

Building Information for 1807 North Lawndale Avenue

Stories-Residences4Year Built1888Building Size-Lot Size0.07 AC / 3,125 SF

Payment Calculator

$6,932 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,003

Property Taxes

$929

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1807 North Lawndale Avenue

General Information
School Information
  • Elementary School District: 299
  • Elementary School: Darwin Elementary School
  • High School District: 299
  • High School: Clemente Community Academy Senio
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Garage Details: Garage Door Opener(s), Transmitter(s)
  • Garage On Site: true
  • Garage Type: Detached
  • Parking: Garage
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num Of Rooms: 24
  • Bedrooms (Below Grade): 0
  • Community Features: Park, Curbs, Gated, Sidewalks, Street Lights, Street Paved, Other
  • Basement Type: Full, Walkout
  • Bedrooms Possible: 9
  • Basement Description: Finished, Exterior Access
  • # Full Baths in Building: 4
  • # Half Baths in Building: 0
  • Num of Baths: 4.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan
  • Other Equipment: Ceiling Fan(s), Multiple Water Heaters
Property/Lot Information
  • Exterior Property Features: Deck, Porch, Storms/Screens
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2012
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Description: Cul-de-Sac
  • Lot Size: Oversized Chicago Lot
  • Lot Dimensions: 25X125
  • Total # Units in Building: 4.0
  • Waterfront: No
  • Exterior Building Type: Brick, Limestone
  • Roof Type: Asphalt
  • Foundation Details: Brick/Mortar, Concrete Perimeter
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • North Coordinate: 1807
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 3700
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Public Document Count: 3
  • Document Date: 2024-03-15T02:20:57
  • Photos Count: 37
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Gross Income: $105,600.00
  • Insurance Expense: $3,000.00
  • Net Operating Income: $90,000.00
  • Water Sewer Expense: $1,600.00
Unit 1
  • Unit Type Actual Rent: $2,350.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: MTM
Unit 2
  • Unit Type Actual Rent: $2,350.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: MTM
Unit 3
  • Unit Type Actual Rent: $2,300.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
  • Lease Expiration Date: MTM
Unit 4
  • Unit Type Actual Rent: $1,800.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
  • Lease Expiration Date: MTM

Property History for 1807 North Lawndale 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 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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1807 North Lawndale Avenue is a multi-family home for sale in Chicago, IL 60647. This property was listed for sale on March 14, 2024 by Adonis Realty LLC, it's currently listed at $1,100,000. This listing's school district is City Of Chicago School District 299. Nearby schools include Mcauliffe Elementary School, North-Grand High School and Marine Leadership Academy - Ames. 1807 North Lawndale Avenue is a 9-bed, 4-bath, multi-family home built in 1888.

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 Adonis Realty 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. Based on information submitted to the MLS GRID as of 05/02/2024 10:58 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.