Address
1453 S Springfield Avenue, Chicago, IL
Price
$ 580,000
Property Attributes
- MLS#11999154
- TypeMulti-Family
- CountyCOOK
- CityChicago
- AreaCHI - North Lawndale
- NeighborhoodNorth Lawndale
- Zip60623
- Style
- Year Built1910
- Taxes$ 4953
- Price$ 580,000
- Bedrooms5
- Full Bathrooms0
- Half Bathrooms0
- Lot Size6,250 SqFt
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Front entrance 6 unit residential rental building located in HOT North Lawndale. Located just east of Pulaski Rd (CTA #53 bus), between Roosevelt Rd (CTA# 12 bus) and 16th St. 5 min west from Douglas Park - the home of the world renowned Riot Fest. This is also approximately 6 miles from the center of downtown Chicago, and only 7 short blocks to the light rail Pink Line stop at 20th and Pulaski. Great unit mix with three 3 bed/1 bath units, and three 2 bed/1 bath units. 5 of 6 units currently rented and the 6th should be rented shortly after the reno/cleanup is completed. Each unit has it's own gas forced air furnace. 2 large water tanks provide hot water for the building. Tenants pay their own gas and electric. There are also 2 deconstructed units in the basement which can be brought back to life with a complete renovation. There are 2 entrance/exits which can be used to access this area. Large parking pad in the rear of the building could provide extra income.
| Price History | |
|---|---|
| 3/13/2024 | Listed $580,000 |
General Features
| Zoning | MULTI |
|---|---|
| Construction Materials | Brick |
| Year Built | 1910 |
| Tenant Pays | Electricity,Heat |
| Stories | 3 |
| Tax Year | 2022 |
| Gross Income | 82560 |
| County | Cook |
| Net Operating Income | 47311 |
| Operating Expense | 26993 |
| Insurance Expense | 3500 |
| Property Type | Commercial Sale |
| MaintenanceExpense | 3600 |
| Status | Active |
| Directions | Roosevelt Rd E or W to Springfield Ave. S on Springfield to 1453 |
| City | Chicago |
| Total Units | 6 |
| MLS Area | CHI - North Lawndale |
| Lot Size Square Feet | 6250 |
| Street Name | Springfield |
| Tax Annual Amount | 4953 |
| Electric Expense | 1200 |
| Fuel Expense | 2280 |
| Trash Expense | 1500 |
| Water Sewer Expense | 4560 |
| Additional Parcels Y/N | No |
| Days on Market | 6 |
| Standard Status | Active |
| Property Type | Multi Family 5+ |
Interior Features
| Street Suffix | Avenue |
|---|
Exterior Features
| Lot Dimensions | 50X125 |
|---|
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 60623
Price
Taxes
Visits
Year Built
