601 Lockwood Avenue, Austin, Chicago, Illinois 60644
$485,000
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Sold
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| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 10 |
| Baths: | 0 |
| Year Built: | — |
| Property Taxes: | $3,315 |
| Days On Market: | 863 |
| Lot Size: | 0,00 |
Description
Welcome to the highly sought-after brick 4 unit building located on an excellent block! This investment property offers tremendous potential and is an absolute cash cow for the savvy buyer. With a total of four spacious units, each boasting 3 bedrooms and 1 bath, this property presents an incredible opportunity for those seeking to expand their real estate portfolio. All occupied units have CHA tenants ensuring a steady and consistent cash flow for the new owner. The building has been exceptionally maintained, reflecting the care and attention given to it by the current management team. The rehab work undertaken on the property was done with proper plans and permits, providing peace of mind to the new owner. The units feature gas forced air systems and separate utilities, ensuring convenience and efficiency for both tenants and management. For those looking for a hassle-free investment, the existing management team is willing to stay on board, ensuring seamless operations and the continued maintenance of the building. This invaluable resource allows you to focus on enjoying the passive income generated by this lucrative property. Don't miss out on this remarkable brick 4 unit building with four spacious and well-maintained 3-bedroom, 1-bath units. With a reliable source of income, separate utilities, and the added convenience of a committed management team, this property is a gem waiting to be claimed. Seize this opportunity to secure a cash cow investment in a prime location. Schedule your showing today and let this property be the cornerstone of your real estate success!
Property Specifics
| Multi-unit | |
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| No | |
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| 11788669 | |
| 16091120380000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 27 Dec, 2011 | Sold | $47,500 | MRED MLS |
| 20 Oct, 2011 | Under contract | $120,000 | MRED MLS |
| — | Last price change | $150,000 | MRED MLS |
| 11 Aug, 2011 | Listed for sale | $150,000 | MRED MLS |
| 28 Jun, 2023 | Sold | $485,000 | MRED MLS |
| 25 May, 2023 | Under contract | $485,000 | MRED MLS |
| 21 May, 2023 | Listed for sale | $485,000 | MRED MLS |
Room Specifics
Total Bedrooms: 10
Bedrooms Above Ground: 10
Bedrooms Below Ground: 0
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Full Bathrooms: 4
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: Finished
Other Specifics
| 3 | |
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| 25 X 125 | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2011 | $3,587 |
| 2023 | $3,315 |
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Listing Provided By
YBRS Realty Inc.
