1453 S Springfield Avenue
Chicago, IL, 60623
$580,000
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0 Baths
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0 Acres
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$580,000
1453 S Springfield Avenue
Chicago, IL, 60623
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Front entrance 6 unit residential rental building located in HOT North Lawndale. Located just east of Pulaski Rd (CTA #53 bus), between Roosevelt Rd (CTA# 12 bus) and 16th St. 5 min west from Douglas Park – the home of the world renowned Riot Fest. This is also approximately 6 miles from the center of downtown Chicago, and only 7 short blocks to the light rail Pink Line stop at 20th and Pulaski. Great unit mix with three 3 bed/1 bath units, and three 2 bed/1 bath units. 5 of 6 units currently rented and the 6th should be rented shortly after the reno/cleanup is completed. Each unit has it’s own gas forced air furnace. 2 large water tanks provide hot water for the building. Tenants pay their own gas and electric. There are also 2 deconstructed units in the basement which can be brought back to life with a complete renovation. There are 2 entrance/exits which can be used to access this area. Large parking pad in the rear of the building could provide extra income.

Property Details

Price:
$580,000
MLS #:
MRD11999154
Status:
Active
Beds:
0
Baths:
0
Address:
1453 S Springfield Avenue
Type:
Commercial
City:
Chicago
Listed Date:
Mar 13, 2024
State:
IL
ZIP:
60623
Year Built:
1910

Schools

Interior

Exterior

Construction Materials
Brick

Financial

Buyer Agent Compensation
2.25$ – $395Net Sale Price
Net Operating Income
$47,311
Tax Year
2022
Taxes
$4,953
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Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.

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1453 S Springfield Avenue
Chicago, IL