Chicago, IL 60623,1621 S Lawndale AVE
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$ 300,000
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Price Dropped by $66K

1621 S Lawndale AVE Chicago, IL 60623


UPDATED:

12/24/2024 06:07 AM

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12158115

Year Built 1905

Annual Tax Amount $3,631

Tax Year 2022

Lot Dimensions 24X125

Property Description

Welcome to a prime investment opportunity in the heart of North Lawndale! This vacant 6-unit multifamily property, located at 1621 S Lawndale Ave, offers tremendous potential for savvy investors seeking to revitalize and maximize their real estate portfolio. Situated in a historic neighborhood with a rich cultural heritage, this property is a blank canvas awaiting transformation into a lucrative income-producing asset. Property Features: Unit Configuration: Currently vacant, the property has the potential to feature (3) three bedroom units and (3) two-bedroom units. Renovation Opportunity: This property is in need of renovation, making it the perfect project for investors looking to add value and boost rental income. With a creative vision and investment in modern amenities, you can transform this property into a highly desirable living space. Desirable Location: Nestled in the North Lawndale neighborhood, this property benefits from its proximity to essential amenities, public transportation, and local attractions. Residents will appreciate the convenience of nearby parks, schools, and shopping centers. Income Potential: Once renovated, this multifamily property has the potential to generate significant rental income. North Lawndale's rental market offers opportunities for attractive rental rates, ensuring a steady cash flow for investors. Historic Charm: North Lawndale is known for its historic architecture and cultural significance. Preserving and enhancing the property's unique features can add to its appeal and value. Don't miss this opportunity to invest in the thriving North Lawndale neighborhood. With the right vision and execution, 1621 S Lawndale Ave can become a cornerstone of your real estate portfolio.

Location

State IL

County Cook

Area Chi - North Lawndale

Zoning MULTI

Interior

Cooling None

Fireplace N

Exterior

Utilities Available Sanitary Sewer, Water-Municipal

Building

Dwelling Type Multi Family 5+

Level or Stories 3

Structure Type Brick


Midwest Real Estate Data (MRED) IDX
Listed by Christopher Anthony • Keller Williams ONEChicago

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1621 S Lawndale AVE