6430 Richmond Street, Chicago Lawn, Chicago, Illinois 60629
$345,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 8 |
| Baths: | 0 |
| Year Built: | 1925 |
| Property Taxes: | $2,956 |
| Days On Market: | 2297 |
| Lot Size: | 0,09 |
Description
**Amazing income generating opportunity** Extra Long and Wide four unit red brick building with three car brick garage on a 34 x 125 lot. All units have been refurbished and are ready for occupancy. Lower level has two separate rental opportunities. both front and rear units have front and back entrances as well as side access. Each offer one bedroom, one bathroom, along with living room//kitchen combo. The expansive first and second floor units have 9' ceilings, Large windows with bright natural light, Separate Living, Separate Dining Room, and Eat in Kitchen. Nothing to do but add or start your investment portfolio! Hi Cap Rate!! S8 ready! FHA approved! Seller is open to closing cost credits. Ask your lender about the 3% down Home Possible Loan Program. CONSERVATIVE ESTIMATED RENTAL INCOME: 3 Bedroom apartments rent for $1200 (x2) =$2400 -one bedroom apartments rent for $1050 (x2)= $2100. Total annual projected income: $4500 x12 =$54,000 yearly. START EARNING RESIDUAL INCOME TODAY!
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1925 | |
| Full | |
| Brick | |
| Flat | |
| — | |
| No | |
| 0.09 |
| Cook | |
| — | |
| — / — | |
| — | |
| Lake Michigan | |
| Public Sewer | |
| — | |
| Natural Gas, Forced Air | |
| 10786416 | |
| 19241120280000 |
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
|
Grade School
Marquette Elementary School |
299 | — | |
|
High School
Gage Park High School |
299 | Not in DB | |
|
Alternate Elementary School
Marquette Elementary School |
— | Not in DB | |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 5 Dec, 2008 | Sold | $45,000 | MRED MLS |
| 19 Nov, 2008 | Under contract | $54,900 | MRED MLS |
| 4 Nov, 2008 | Listed for sale | $54,900 | MRED MLS |
| 21 Nov, 2014 | Sold | $55,000 | MRED MLS |
| 30 Oct, 2014 | Under contract | $59,900 | MRED MLS |
| — | Last price change | $64,900 | MRED MLS |
| 24 Jun, 2014 | Listed for sale | $74,900 | MRED MLS |
| 1 Sep, 2020 | Sold | $345,000 | MRED MLS |
| 27 Jul, 2020 | Under contract | $329,900 | MRED MLS |
| 16 Jul, 2020 | Listed for sale | $329,900 | MRED MLS |
Room Specifics
Total Bedrooms: 8
Bedrooms Above Ground: 8
Bedrooms Below Ground: 0
Full Bathrooms: 4
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Other Specifics
| 3 | |
| Concrete Perimeter | |
| Garage | |
| — | |
| — | |
| — | |
| — | |
| Fenced Yard | |
| 34X125 | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| Curbs, Sidewalks, Street Paved | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2008 | $2,223 |
| 2014 | $4,169 |
| 2020 | $2,956 |
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Listing Provided By
MPower Residential Brokerage LLC
