$400,000
$400,000
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1851 S Harding AVE Chicago, IL 60623
12 Beds
Key Details
Sold Price $400,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11976482
Sold Date 10/01/24
Bedrooms 12
Year Built 1923
Annual Tax Amount $7,635
Tax Year 2022
Lot Dimensions 3225
Property Description
PLEASE READ ALL NOTES. This building is being sold in a CREXi auction commencing July 22, 2024. $75,000 is the starting bid amount for the auction. Registered bidders on CREXi will be able to tour the property. Exciting Portfolio Investment Opportunity: 4-Unit Condo Quality Building in North Lawndale. This all-brick, multi-family property offers a total of 7,000 square feet of rentable space across its four units that offer central heating & A/C units, in-unit laundry, individual hot water tanks, laminate, and vinyl flooring. The top three floors consist of large 2,000 square feet units larger than most single-family homes in the area, each featuring 3 bedrooms and 2 bathrooms with 9-foot-high ceilings. The lower-level unit (G) spans 1,000 square feet and includes 3 bedrooms and 1 bathroom. Assigned parking spaces are available for all four units in the off street gated rear parking lot. Built in 1923, the building boasts a classic architectural style with a rubber and flat roof. Units G, 2 and 3 were recently fully renovated and units two and three are occupied by new tenants. G is ready to be leased while Unit 1 is vacant and still requires updating. Whether you're an experienced investor or looking to start your real estate portfolio, this property offers solid rental income and long-term growth potential with a value-add kicker. Don't miss out on this fantastic investment opportunity! Each unit has its own PIN so new owner can keep as separate condominium quality units or they can collapse to single PIN apartment building. No HOA in place. Property is located 1-block from CTA Pink Line station (Pulaski), 2.3 miles from Douglas Park, 1.3 miles from I-290, and 2.3 miles from I-55.
Location
State IL
County Cook
Area Chi - North Lawndale
Rooms
Basement None
Interior
Heating Natural Gas
Fireplace N
Exterior
Roof Type Rubber,Flat
Building
Sewer Public Sewer
Water Public
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Condo
Special Listing Condition None
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Mikus Kins • Be Realty, LLC