Closed

$399,000

1317-1319 Lawndale Avenue, Chicago, IL 60651
8 Beds4 Baths33 days
1317-1319 Lawndale Avenue·Chicago, IL 60651
8Bedrooms
4Bathrooms
1914Year Built
About This Home

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. NO SHOWINGS OR TOURING THE INTERIOR. Serious investors only please. One PIN, 2 lots, both zoned RS3.

MLS# 11820338Listed July 18, 2023Residential Income
Property Details

Beds & Baths

Total Bedrooms8
Total Bathrooms4
Total Rooms16

Size & Structure

Garage Spaces2
Year Built1914
Lot Size48 X 125

Location

CountyCook
TownshipNorth Chicago
Zip Code60651

Financial

List Price$399,000
Annual Taxes (2021)$8,647
Monthly Tax Est.$721
Parcel #16021210140000
Interior Features

Heating

Natural GasForced Air

Basement

Partially FinishedFull
Exterior & Lot

Construction

Brick
Utilities & Parking

Sewer

Public Sewer

Water Source

Public

Parking

On SiteGarage OwnedDetachedAlley AccessOtherOversizedOwnedGarage
Tax & Financial
Annual Taxes
$8,647
Tax Year 2021
Monthly Tax Est.
$721
per month
Property Location

1317-1319 Lawndale Avenue, Chicago, IL 60651Cook County

$399,000
1317-1319 Lawndale Avenue
8 bd4 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
33 days on market
2-car garage
48 X 125
$8,647/yr taxes
$2,818
estimated monthly payment
Principal & Interest
$2,097/mo
Property Tax
$721/mo
$399,000
20% — $79,800
3%50%
6.875%
3%12%
Loan Amount
$319,200
Down Payment
$79,800

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Baird & Warner
Agent: Evelyn Fred
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