Sold

1849 S Springfield Ave

1849 South Springfield Avenue, Chicago, IL 60623

$260,000
Nice rehabbed 3 unit building w/extra large lot located in the Hot North Lawndale neighborhood. (Opportunity zone). This building features large units with tall ceilings, separate dining rooms, flooring, fence, tuckpointing, gutters, in unit laundry in owners unit, no differed maintenance. There's also a huge attic with possibility of adding an additional unit, massive brick 3.5 car garage. This is great opportunity to live in one unit and pay your mortgage with a nice cashflow or rent all 3 and collect a great monthly passive income @ 11% cap rate when pro forma. The lower units are available one unit has a great long term tenant in place. Just blocks away from the pink line, Ogden corridor, with retail center. Minutes away from the Eisenhower (290) Expressway, Downtown Chicago, public transportation, Douglas park & boulevard and planned major developments. NO FHA!

3
beds

1
bath

Features & Amenities

Interior

  • total bedrooms3
  • Total bathroom1
  • full bathroom1

Area & Lot

  • Status Sold
  • TypeMULTI_FAMILY
  • YEAR BUILT1900

Exterior

  • Garage Space3

Financial

  • Sales Price$260,000

Work With Us

We offer the highest level of expertise, service and integrity. The Hampton Collective is a team of agents in the entire state of Illinois for Coldwell Banker ready to serve you. Whether you are interested in buying, selling, or renting property you can count on The Hampton Collective's service, local expertise and global reach.

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