2657 Luther Street, South Lawndale, Chicago, Illinois 60608
$825,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 8 |
| Baths: | 0 |
| Year Built: | 1899 |
| Property Taxes: | $2,315 |
| Days On Market: | 1425 |
| Lot Size: | 0,00 |
Description
Newly renovated, fully occupied and cash flowing 4 unit brick building on a 50 ft corner lot. The units feature modern European style cabinets with quartz countertops and a full stainless Package. Every unit has restored hardwood floor, brand new modern baths, and in-unit washer dryers. Tenants pay all electric and gas utilities. Location in "West Pilsen" which is a designated QEV Zone (Investors pay no capital gains tax if they hold for 7+ years). Monthly rent at $6,285, significantly under todays market rents. Can sell with Property Management in place. Also easy to self manage. Very low maintenance investment property. Will not last long! Preapproved for Portfolio Loan with Federal Savings Bank, 15% down for Investors, 3 year arm at 5.95%.
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1899 | |
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| — | |
| Yes | |
| 0 |
| Cook | |
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| — / — | |
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| — | |
| 11663107 | |
| 16252190010000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 27 Jan, 2023 | Sold | $825,000 | MRED MLS |
| 29 Dec, 2022 | Under contract | $849,900 | MRED MLS |
| 29 Oct, 2022 | Listed for sale | $849,900 | MRED MLS |
Room Specifics
Total Bedrooms: 8
Bedrooms Above Ground: 8
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 6
Bathroom Amenities: —
Bathroom in Basement: 0
Rooms: —
Basement Description: None
Other Specifics
| 2 | |
| — | |
| — | |
| — | |
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| 50X71.7 | |
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| — | |
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| Not in DB | |
| — | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2023 | $2,315 |
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Listing Provided By
Main Street Real Estate Group
