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Listed by Camelia Falkiewiczof @properties Christie's International Real Estate
$799,999
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12482421
Year Built 1903
Annual Tax Amount $3,610
Tax Year 2023
Lot Dimensions 35 x 150
Property Sub-Type Multi Family 5+
Property Description
This 6-unit multifamily property, featuring 2 additional Garden units prepared with gas, electric, and plumbing, is ready to accommodate 2 additional units. It is located just 8 minutes from the Medical District, offering an exceptional investment opportunity in the vibrant North Lawndale neighborhood. Built in 1901, this Class C property generates immediate cash flow and offers value-add potential, benefiting from its prime location within both an Opportunity Zone and Enterprise Zone 1, which provides substantial tax incentives for investors. This property features three 3-bedroom, 1-bathroom units and three 2-bedroom, 1-bathroom units, all of which have in-unit washers and dryers, catering to families and working professionals. This desirable unit mix ensures stable occupancy in a market undergoing revitalization and economic growth. Completely renovated 5 out of 6 units, and working on the 6th unit to be renovated. Refinished the Roof in August 2025. The property benefits from its proximity to transportation, schools, and amenities, ensuring strong tenant demand and long-term growth opportunities.
Location
State IL
County Cook
Rooms
Basement Unfinished
Interior
Fireplace N
Exterior
View Y/N true
Building
Structure Type Brick,Stone
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