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Listed by Samantha Ammonsof Continental Realty LLC
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Est. payment /mo
12 Beds
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12793533
Bedrooms 12
Year Built 1908
Annual Tax Amount $1,588
Tax Year 2023
Lot Dimensions 25X125
Property Sub-Type Two to Four Units
Property Description
Get into North Lawndale today-and position yourself for tomorrow's potential! This proper Th This fully gut-renovated three-unit property combines spacious floor plans, modern amenities, and existing leases for an investment opportunity you'll want to see before making your next move. The building's two largest units-the four-bedroom main level and five-bedroom second floor-are already leased through the Section 8 Housing Choice Voucher program. These established leases provide an income-producing foundation, with the housing authority paying the approved subsidy portion directly to the owner, subject to program requirements. That means less initial leasing work for the next owner and rental assistance supporting a portion of the rent on the building's largest units. Renovated from the studs to the finishes by experienced investors, all three units feature private entrances, two forms of egress, and new, individually controlled central heating and air conditioning. Drawings, permits, and plans are accounted for. The main level offers four bedrooms, one full bathroom, impressive 9-foot ceilings, in-unit laundry, and an open-concept family room flowing into the kitchen. The second floor features a similar layout with five bedrooms, while the garden unit includes three bedrooms, one bathroom, and a dedicated laundry and storage room. Twelve total bedrooms. Three rebuilt units. Two established Section 8 leases. For buyers seeking rental income and long-term appreciation potential in North Lawndale, this property deserves a place at the top of the list. Don't wait until you're looking back at an opportunity you could have owned-schedule your showing today!
Location
State IL
County Cook
Rooms
Basement Finished, Full
Interior
Heating Gas, Forced Air
Fireplace N
Exterior
View Y/N true
Building
Sewer Public Sewer
Water Lake Michigan, Public
Structure Type Brick,Block,Stone
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition List Broker Must Accompany
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Joanna Lewkowicz
Designated Managing Broker | Owner 471.018027471018027
+1(708) 963-0011 | joanna@boutiquehomerealty.com