1453 S Springfield Ave - Apartments FOR SALE


Chicago, IL 60623- Lawndale
$609,900 USD
312-925-7938
1453 S Springfield Ave, Chicago, IL for Sale
$609,900 USD
Apartments - FOR SALE
1/14
null | 9.24% Cap Rate

1453 S Springfield Ave
Chicago, IL 60623
Lawndale


OVERVIEW

Center 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. 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. The basement has 2 entrance/exits which can be used to access this area. Large parking pad in the rear of the building could provide extra income.

FOR SALE DETAILS

PRICE

$609,900 USD

PRICE/SF

$89 USD /SF

# OF UNITS

6

PRICE/UNIT

$101,650

CAP RATE

9.24%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,251 SF

ZONING

10

APN/PARCEL ID

16-23-116-020-0000

ASK ABOUT THIS PROPERTY

David McLennanPearson Realty GroupMore Info
312-925-7938

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

David McLennanPearson Realty GroupMore Info
312-925-7938

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.