203 Leamington Avenue, Austin, Chicago, Illinois 60644
$500,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 8 |
| Baths: | 0 |
| Year Built: | 1910 |
| Property Taxes: | $2,743 |
| Days On Market: | 190 |
| Lot Size: | 0,07 |
Description
OUTSTANDING - PROFESSIONALLY MANAGED - TURNKEY INVESTMENT OPPORTUNITY! This legal 3-flat is the high-performing asset you've been manifesting, generating an impressive $56,100 in annual rental income with low operating costs. The landlord's responsibilities are minimal, limited to water, landscaping, snow removal, and an incredibly low annual tax bill of just $2,742.67 (without exemptions). Also, the seller's mortgage interest rate of 2.25% can be assumed by the buyer using Roam. Professionally managed and meticulously maintained, this brick beauty offers separate gas and electric meters, individual tankless water heaters, and central heating & cooling in every unit, ensuring that tenants cover all utilities. Because the cost of doing business is everything when it comes to multi-family ownership, we have covered all the essentials; including a coin operated washer & dryer which collects about $300 to $350/mo; basically covering the water & maintenance bill. This Income-producing building has had zero vacancies in the last three years. The reason is very simple: each unit was refurbished with a seamless blend of modern elegance and functionality. Spacious kitchens equipped with dishwashers, microwave, upgraded stoves and refrigerators. The three spacious bedrooms offer our residents space to grow, entertain and lounge. The 2nd & 3rd units have separate dining and living rooms, updated kitchens with granite countertops, stainless steel appliances, and space for a breakfast table, this property is designed for maximum tenant appeal. The legal main-level 2-bed/1-bath unit boasts a modern kitchen with newer appliances and newer flooring. Recent upgrades include a brand-new (2024) tear-off roof, gated entry, and a coin-operated laundry in the lower level for added convenience to your residents and income to your budget. The fully rented detached 2-car garage rounds out this highly desirable investment. Located in the sought-after Austin neighborhood, close to parks, shopping, and public transit, this fully leased, income-generating property is the perfect addition to any investor's portfolio or owner-occupant landlord.
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1910 | |
| — | |
| — | |
| No | |
| 0.07 |
| Cook | |
| — | |
| — / — | |
| — | |
| — | |
| — | |
| 12314738 | |
| 16094070130000 |
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
|
Grade School
Spencer Elementary School Math & |
299 | — | |
|
Middle School
Marshall Middle School |
299 | Not in DB | |
|
High School
Marshall Metropolitan High Schoo |
299 | Not in DB | |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 17 Mar, 2020 | Sold | $395,000 | MRED MLS |
| 20 Feb, 2020 | Under contract | $410,000 | MRED MLS |
| — | Last price change | $429,900 | MRED MLS |
| 20 Dec, 2019 | Listed for sale | $429,900 | MRED MLS |
| 27 Aug, 2021 | Sold | $420,000 | MRED MLS |
| 10 May, 2021 | Under contract | $420,000 | MRED MLS |
| 29 Apr, 2021 | Listed for sale | $420,000 | MRED MLS |
| 5 May, 2025 | Sold | $500,000 | MRED MLS |
| 1 Apr, 2025 | Under contract | $485,000 | MRED MLS |
| 24 Mar, 2025 | Listed for sale | $485,000 | MRED MLS |
Room Specifics
Total Bedrooms: 8
Bedrooms Above Ground: 8
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
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Full Bathrooms: 3
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: —
Other Specifics
| 2 | |
| — | |
| — | |
| — | |
| — | |
| 26 X 125 | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| — | |
| — | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2020 | $3,600 |
| 2021 | $3,573 |
| 2025 | $2,743 |
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Listing Provided By
MPower Residential Brokerage LLC
