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1858 S Springfield Avenue

Chicago, IL 60623
  • $1,475,000
  • STATUS: Active Under Contract
  • ON SITE: 181 Days
  • MLS #: 11364916
Under Contract
UPDATED: 54 min ago
$1,475,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1925
County:

School Ratings & Info

Description

Beautifully, renovated 13 unit apartment building located at 1858 - 60 S. Springfield Ave. & connected extra large gated side lot at 3900 W. 19th St. In an Opportunity Zone!! 1858 - 60 S. Springfield has been completely gutted and rehabbed with city permits, New Electric, Plumbing, HVAC, Windows, etc. Including Wash/Dryer hookups in each unit!! Quality kitchen and bathroom cabinets and fixtures. Individual furnaces in each unit. Get top rents with this desirable unit mix in the best part of North Lawndale. Property is fully vacant. Pro forma income produces a 12.37% (potential) at listing price. As more and more investors and homeowners are rapidly finding out, North Lawndale is conveniently located approximately 7 miles west from the center of downtown Chicago, 3 miles south of the Eisenhower Expressway (I-290). And 3 miles north of the Stevenson Expressway (I-55). This property is located in the heart of North Lawndale, just 2 miles from Douglas Park (home to the renowned Riot Fest music festival) and just 0.3 miles from Pulaski Pink line and 1 block from Ogden Corridor.

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© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or @properties. Based on information submitted to the MRED as of 2022-10-03T11:00:35.76 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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1858 S Springfield Avenue Chicago, IL 60623

  • Price: $1,475,000
  • Status: Active Under Contract
  • On Site: 181 Days
  • Updated: 54 min ago
  • MLS #: 11364916
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1925
Built
Neighborhood:
Chi - North Lawndale
County:
Cook
Area:
Chi - North Lawndale
Property Description
Beautifully, renovated 13 unit apartment building located at 1858 - 60 S. Springfield Ave. & connected extra large gated side lot at 3900 W. 19th St. In an Opportunity Zone!! 1858 - 60 S. Springfield has been completely gutted and rehabbed with city permits, New Electric, Plumbing, HVAC, Windows, etc. Including Wash/Dryer hookups in each unit!! Quality kitchen and bathroom cabinets and fixtures. Individual furnaces in each unit. Get top rents with this desirable unit mix in the best part of North Lawndale. Property is fully vacant. Pro forma income produces a 12.37% (potential) at listing price. As more and more investors and homeowners are rapidly finding out, North Lawndale is conveniently located approximately 7 miles west from the center of downtown Chicago, 3 miles south of the Eisenhower Expressway (I-290). And 3 miles north of the Stevenson Expressway (I-55). This property is located in the heart of North Lawndale, just 2 miles from Douglas Park (home to the renowned Riot Fest music festival) and just 0.3 miles from Pulaski Pink line and 1 block from Ogden Corridor.
Exterior Features

Exterior Building Type BrickMasonite Foundation Details Concrete Perimeter Frontage Type City StreetAlley Access Land Amenities Security EntranceSidewalks Outdoor Parking 13-18 Spaces Parking Total 13 Roof Tar And Gravel Roof Structure Flat

Interior Features

Basement Partially Finished Cooling None Fireplaces Total 0 Heat Ventilation Forced Air Number Of Dishwashers 0 Number Of Dryers 0 Number Of Ranges 13 Number Of Washers 0

Property Features

Additional Parcels YN Yes Approximate Age New Rehab Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show Yes Current Use Multi-Family Fire Protection Smoke Or Fire ProtectorsCarbon Monoxide Detector(S) Gross Income 201000 Gross Scheduled Income 190610 Insurance Expense 4000 Location Corner Maintenance Expense 2000 Mls Actual Status Contingent Net Operating Income 162425 Operating Expense 35984 Ownership Types Limited Liability Corp Possible Use Multi-Family Tax Annual Amount 16184 Tax Year 2020 Tenant Pays ElectricityHeatHot Water Total Monthly Income 16750 Township West Chicago Type Multi Family 5+ Zoning Multi

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of @Properties Christie's International Real Estate: 312-682-8500.


© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or @properties. Based on information submitted to the MRED as of 2022-10-03T11:00:35.76 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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737 North Michigan Avenue, Suite 1800
Chicago IL, 60611