Exciting Portfolio Investment Opportunity: 4-Unit Condo Quality Building in North Lawndale. This all-brick, multi-family property offers a total of 7,000 square feet of rentable space across its four units that offer central heating & A/C units, in-unit laundry, individual hot water tanks, laminate, and vinyl flooring. The top three floors consist of large 2,000 square feet units larger than most single-family homes in the area, each featuring 3 bedrooms and 2 bathrooms with 9-foot-high ceilings. The lower-level unit (G) spans 1,000 square feet and includes 3 bedrooms and 1 bathroom. Assigned parking spaces are available for all four units in the off street gated rear parking lot. Built in 1923, the building boasts a classic architectural style with a rubber and flat roof. Units G, 2 and 3 were recently fully renovated and units two and three are occupied by new tenants. G is ready to be leased while Unit 1 is vacant and still requires updating - the sale price contemplates this value-add requirement. Whether you're an experienced investor or looking to start your real estate portfolio, this property offers solid rental income and long-term growth potential with a value-add kicker. Don't miss out on this fantastic investment opportunity! Each unit has its own PIN so new owner can keep as separate condominium quality units or they can collapse to single PIN apartment building. No HOA in place. Property is located 1-block from CTA Pink Line station (Pulaski), 2.3 miles from Douglas Park, 1.3 miles from I-290, and 2.3 miles from I-55.
Property Map
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Property Details
Utilities
Heating Natural Gas
Cooling
Water Public
Sewer Public Sewer
Additional Information
Parking
4 Parking Spaces, Assigned, Off Street, Alley Access, Motorized Gate, Secured, Parking On Site, Owned, Parking included in price
Schools
District 299
Payment Calculator
Listing History
02-07-2024
Listed at $498,000
04-23-2024
Price decreased by $14,000 to $484,000
04-29-2024
Status changed to Under Contract
Last Modified 4/29/24 6:58 PM
Nearby Transportation
Bus 53
0.1 mi
Bus 157
0.1 mi
Bus 18
0.2 mi
Bus 21
0.3 mi
Bus 82
0.4 mi
Bus 12
0.7 mi
Bus 60
0.8 mi
Bus 54B
0.8 mi
Bus 52
0.9 mi
Bus 54
1.1 mi
Bus 7
1.2 mi
Pink Line
0.1 mi
I 290 East
1.3 mi
I 290 West
1.3 mi
I 55 South
2.0 mi
I 55 North
2.1 mi
I 90 East
4.0 mi
I 94 East
4.0 mi
I 90 West
4.1 mi
I 94 West
4.1 mi
For More Information
(312) 528-9200
For more information about 1851 S Harding, Chicago, IL 60623 contact Corcoran Urban Real Estate.
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Listing provided by Be Realty, LLC
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