Presenting this fantastic Investment Opportunity in the vibrant North Lawndale Neighborhood. This spacious Legal 2-Flat Greystone with finished 2bed/1bath Lower Level In-Law unit has been refurbished and ready for occupancy. Whether you're looking to make this your forever home or invest in a rental opportunity, this place offers tremendous potential. With no current tenant leases, the income-generating potential is wide open for investors. Healthy Rental Comps show low market times and up to $2, 250 for a 3bed/1bath unit. See MLS#:12091392 for similar sized comparable rental located at 1652 S Ridgeway. Comparable for a 2bed/1 bath Rental is located at 1915 S Avers (MLS#:12026088). This unit rented for $1, 650 in two days. Making the estimated Monthly Rental Yield $6, 150 and $73, 800 annually. Please note: seller does not warrant the legality of the inlaw garden unit. COMPETITIVE ADVANTAGE: Your tenants will love our spacious living space with separate dining room, eat-in kitchen and the BRAND NEW deck. This is an ideal opportunity for owner-occupants or investors looking to capitalize on a strong rental market with potential for rental growth and a stable tenant base.

Property Details

PRICE
$475,000
BEDROOMS
8
BATHROOMS
3
SQFT
N/A
YEAR BUILT
1898
PARKING SPOTS
N/A
MLS #
12136903
FULL ADDRESS
1842 1842 Saint Louis Avenue
CITY
Chicago, IL
ZIP
60623

Listing Details

Listing Office
MPower Residential Brokerage LLC
Listing Agent
Karla Mina
Contact
312-498-8473
Last Data Update
2024-12-23T16:48:54Z

Interior

BATHROOMS
3 Full Bathrooms

Schools

School District
299
Elementary School
Crown Elementary School Comm Acd
High School
Farragut Career Academy Senior H

Buy This Home With a Local Expert

22 years. 600+ Chicago closings. Individual, hands-on representation from first tour through close. Ken can be your buyer's agent on this property. Call 773.398.5585 or drop your details below.

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