1317-131 N. Lawndale Avenue, Chicago, Cook County, IL, 60651 Chicago IL US

USD 399,000
For Sale MLS: 11820338

Property Details

Bedrooms

8

Bathrooms

4

Neighborhood

Humboldt Park

Property Type

MultiFamily

Description

Say hello to an incredible income opportunity building for investors and developers! This property boasts four units, plus a basement apartment, and sits on a double-wide lot. With its brick exterior and prime location, this building presents a lucrative investment in a rapidly growing area. Situated in an area experiencing a burst of new construction and new commerce, this property is perfectly positioned to capitalize on the burgeoning market. Its proximity to these exciting developments ensures a steady stream of potential tenants and an increase in property value over time. Currently, the building consists of four individual units, each offering comfortable living spaces, 2 bedrooms, a living room, a kitchen, and 1 bath each. Each unit has its own HVAC system and tenants pay their own utilities including heating/air conditioning. However, the true potential of this property lies in the opportunity to convert to condos and duplex down one, potentially two, of these units. There is one additional basement unit, not built out, but was a 1 bedroom apartment at one time. Whether you plan to maintain the existing structure or explore new development possibilities, this property offers flexibility and room for growth. Investors and developers alike will appreciate the opportunity to customize and renovate according to their vision and investment goals. Don't miss your chance to capitalize on this exciting opportunity. Contact us today for more information! Property SOLD AS-IS. DRIVE BY ONLY, DO NOT DISTURB TENANTS. One PIN, 2 lots, both zoned RS3. Find out more about this property. Request details here

Location

Address

1317 North Lawndale Avenue, Chicago, Illinois 60651, United States

City

Chicago

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