Chicago, IL 60623 1856 S Lawndale Avenue
$465,000



12 more













Presented By: eXp Realty, LLC
Home Details
Classic Greystone with a finished garden unit located in the fast growing North Lawndale neighborhood and 6 Min walk to Pink Line (Ogden-Central Park) Perfect Investment opportunity. Features a grand total of 11 bedrooms, 3 bathrooms across three levels, and 6 parking spaces. The rental income and room for more exceeds the estimated mortgage, taxes, and insurance. You'll enjoy positive cash flow! Also qualifies for 4-bedroom vouchers, so there's great potential for the new owner to request a rental increase through CHA, providing a significant boost to your monthly cash flow. Ideal if you're looking to live in one unit and rent out the others or maximize returns with a fully rented building, the strong local rental market and promising future makes this a savvy investment for seasoned investors and first-time multi-family buyers alike. Given the current market trends and comparable rental properties in the area, rent adjustments are in your favor, enhancing your return on investment. Located near the rapidly expanding Illinois Medical District, this property benefits from increased housing demand driven by thousands of new jobs and substantial economic growth. Local industrial sites are being repurposed for community benefit. Shops, eateries, and facilities are revitalizing commercial corridors and enhancing everyday convenience for residents. Don't miss your chance to grab a prime piece of real estate in an area on the rise!! It's time to make a move to have you set for years to come!
Presented By: eXp Realty, LLC
Interior Features for 1856 S Lawndale Avenue
Bedrooms
Bedrooms Possible11
Total Bedrooms11
Bathrooms
Full Baths Building3
Half Baths Building
Total Baths3
Other Interior Features
BasementFinished, Exterior Entry, Full
Total Number of Units2
General for 1856 S Lawndale Avenue
Architectural StyleGreystone
CityChicago
Construction MaterialsStone
ContingencyAttorney/Inspection
CountyCook
DirectionsWest on 16th to S 1856 S Lawndale ave
Elementary School District299
HeatingNatural Gas, Forced Air
High School District299
MLS AreaCHI - North Lawndale
Middle/Junior School District299
New ConstructionNo
OwnershipFee Simple
PossessionClosing
Property TypeResidential Income
Property TypeTwo to Four Units
SewerPublic Sewer
Standard StatusActive Under Contract
StatusContingent
Tax Annual Amount3589
Tax Year2023
Total Rooms15
TownshipWest Chicago
Waterfront Y/NNo
Year Built1903
ZoningMULTI
Exterior for 1856 S Lawndale Avenue
Lot Dimensions31X125
Other EquipmentCeiling Fan(s)
Parking FeaturesOff Alley, Oversized, On Site
Total Parking6
Water SourcePublic
Additional Details
Price History
