1658 Millard Avenue, Lawndale, Illinois 60623
$365,000
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Sold
|
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| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 9 |
| Baths: | 0 |
| Year Built: | 1978 |
| Property Taxes: | $5,245 |
| Days On Market: | 876 |
| Lot Size: | 0,00 |
Description
NOT FHA APPLICABLE :: 1658 S. Millard is comprised of three (3) incredibly spacious 3bd/2ba units boasting roughly 1,300 square feet of living space. All of the units have been gut-renovated and equipped with updated kitchens and baths. Recent capital improvements to the building consist of, but not limited to: a new 400 amp electric service with in unit breaker boxes, in-unit and separate furnaces and hot water tanks, new windows, 100% copper plumbing, and a new roof (2018). Additionally, there is in-unit laundry featuring both a washing and drying machine. Furthermore, there are three (3) parking spots in the rear, which provide tenants an additional amenity. 1658 S. Millard provides an investor with a unique opportunity to acquire a stabilized and strong cash flowing asset in Chicago's desirable pocket of Lawndale. From day one, a new owner will capitalize on an incredibly strong, subsidized tenant base, and will realize an in place cap rate of 7.66% and a cash-on-cash return of 13.45%.
Property Specifics
| Multi-unit | |
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| 1978 | |
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| No | |
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| Cook | |
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| 11806772 | |
| 16233060361001 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 23 Oct, 2023 | Sold | $365,000 | MRED MLS |
| 18 Sep, 2023 | Under contract | $399,000 | MRED MLS |
| — | Last price change | $390,000 | MRED MLS |
| 12 Jun, 2023 | Listed for sale | $390,000 | MRED MLS |
Room Specifics
Total Bedrooms: 9
Bedrooms Above Ground: 9
Bedrooms Below Ground: 0
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Full Bathrooms: 6
Bathroom Amenities: —
Bathroom in Basement: 0
Rooms: —
Basement Description: None
Other Specifics
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| 41' X 134' | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2023 | $5,245 |
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Listing Provided By
Kiser Group Realty Inc
