Address
1215 S Homan Avenue, Chicago, IL
Price
$ 650,000
Property Attributes
- MLS#11999370
- TypeMulti-Family
- CountyCOOK
- CityChicago
- AreaCHI - North Lawndale
- Zip60623
- Style
- Year Built1900
- Taxes$ 14404
- Price$ 650,000
- Bedrooms6
- Full Bathrooms0
- Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Stunning 9-unit Greystone at 1215 S Homan in the growing North Lawndale market! Property features 9 2bed/ 1 bath units with 3 units on each level (Front, Middle, Rear). 4 of 9 units have been recently renovated. Tenant makeup is a mix of 3 subsidized and the remaining market rate with the subsidized units achieving $1,350-1,400 in monthly rent. There is a front and rear basement offering additional storage space for tenants. Building features a mix of copper and galvanized plumbing, gas boiler, and separate electrical meters. Phenomenal opportunity for an investor to increase rents by remodeling the remaining units and occupying with subsidized or market rate tenants.
| Price History | |
|---|---|
| 3/8/2024 | Listed $695,000 |
| 5/2/2024 | 7% - $650,000 |
General Features
| Construction Materials | Brick,Stone |
|---|---|
| Year Built | 1900 |
| Tenant Pays | Air Conditioning,Electricity |
| Stories | 3 |
| Tax Year | 2022 |
| Gross Income | 94800 |
| County | Cook |
| Net Operating Income | 49494 |
| Operating Expense | 45306 |
| Insurance Expense | 516 |
| Property Type | Commercial Sale |
| MaintenanceExpense | 800 |
| Status | Active |
| Directions | Just S on Homan Ave of intersection of Roosevelt and Homan |
| City | Chicago |
| NumberOfUnitsTotal | 9 |
| MLS Area | CHI - North Lawndale |
| Street Name | Homan |
| Tax Annual Amount | 14404.6 |
| Electric Expense | 35 |
| Fuel Expense | 584 |
| Trash Expense | 167 |
| Water Sewer Expense | 1014 |
| Additional Parcels Y/N | No |
| Days on Market | 62 |
| Standard Status | Active |
| Property Type | Multi Family 5+ |
Interior Features
| Street Suffix | Avenue |
|---|
Exterior Features
| Lot Dimensions | 25X200 |
|---|
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
Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than NextHome Select Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2024 All rights reserved.Based on information submitted to the MLS GRID as of June 17, 2024 3:35 PM UTC All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice.
Data is updated as of June 17, 2024 3:35 PM UTC
