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Listed by Christopher Anthonyof Keller Williams ONEChicago
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Est. payment /mo
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Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12691459
Year Built 1905
Annual Tax Amount $4,087
Tax Year 2023
Lot Dimensions 24X125
Property Sub-Type Multi Family 5+
Property Description
Exceptional opportunity to acquire a fully renovated, six-unit multifamily investment in the heart of North Lawndale. This turnkey brick greystone features an attractive unit mix of three spacious 3-bedroom/1-bath apartments and three 2-bedroom/1-bath apartments, totaling 18 bedrooms designed to meet strong family rental demand. Delivered vacant, the property offers investors a rare opportunity to lease at current market rents from day one with complete control over tenant selection, lease terms, and property management. The building has been extensively updated with modern kitchens, renovated bathrooms, new flooring, fresh finishes, and improvements throughout, allowing a new owner to focus on lease-up rather than renovations. The unfinished basement offers additional storage and potential value-add opportunities, subject to buyer verification and municipal approval. Located in one of Chicago's emerging investment corridors, the property is conveniently positioned near Little Village, Pilsen, CTA transit, I-290, major healthcare employers, parks, and neighborhood amenities. Whether expanding an existing portfolio, completing a 1031 exchange, or acquiring a stabilized-quality asset ready for immediate lease-up, this property presents an outstanding opportunity for long-term cash flow and appreciation. A comprehensive Offering Memorandum, including projected market rents, financial analysis, renovation details, and due diligence materials, is available upon request.
Location
State IL
County Cook
Zoning MULTI
Rooms
Basement Unfinished
Interior
Cooling None
Fireplace Y
Exterior
Utilities Available Sewer Connected
View Y/N true
Building
Foundation Brick/Mortar
Water Municipal Water
Structure Type Brick
Others
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Joanna Lewkowicz
Designated Managing Broker | Owner | 471.018027 471018027
+1(708) 963-0011 | joanna@boutiquehomerealty.com