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    1854 S Central Park Avenue

    Chicago, IL 60623
    • $1,100,000
    • STATUS: Active Under Contract
    • ON SITE: 67 days
    • MLS #: 11161435
    Under Contract
    UPDATED: 27 min ago
    $1,100,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1924
    County:

    School Ratings & Info

    Description

    Beautiful 10 unit apartment building which actually has 2 separate addresses; 1852 and 1854 S. Central Park. 1854 has 3-3/1's and 1-2/1 and has been completely gutted and rehabbed. 1852 has 3-3/1's and 3-2/1's and was rehabbed a few years ago. New Elec, plumbing, windows, roof, etc. Most of the original hardwood floors could be saved, so they have been refinished. Top quality kitchen and bath cabinets and fixtures. Individual furnaces in each unit. Get top rents with this desirable unit mix in the best part of North Lawndale. Property will be delivered to new owner mostly vacant so they can lease up with their own choice of tenants. Pro forma income produces an 9.23% Cap Rate and 18.69% Cash on Cash Return at list price. As more and more investors, homeowners, and renters are discovering, North Lawndale is conveniently located approximately 6 miles west from the center of downtown Chicago, 1.5 miles south of the Eisenhower Expressway (I-290), and 2.4 miles north of the Stevenson Expressway (I-55). This property is located in the heart of North Lawndale, just 3/4 mile from Douglas Park (home to the renowned Riot Fest music festival) and just 1/2 block north of both the revitalized CTA #157 bus line and the CTA Pink Line (light rail) stop.

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    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Wexler Group | Keller Williams Preferred Realty. Based on information submitted to the MRED as of 2021-09-25T21:00:01.613 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    1854 S Central Park Avenue Chicago, IL 60623

    • Price: $1,100,000
    • Status: Active Under Contract
    • Updated: 27 min ago
    • MLS #: 11161435
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    1924
    Built
    Neighborhood:
    Chi - North Lawndale
    County:
    Cook
    Area:
    Chi - North Lawndale
    Property Description
    Beautiful 10 unit apartment building which actually has 2 separate addresses; 1852 and 1854 S. Central Park. 1854 has 3-3/1's and 1-2/1 and has been completely gutted and rehabbed. 1852 has 3-3/1's and 3-2/1's and was rehabbed a few years ago. New Elec, plumbing, windows, roof, etc. Most of the original hardwood floors could be saved, so they have been refinished. Top quality kitchen and bath cabinets and fixtures. Individual furnaces in each unit. Get top rents with this desirable unit mix in the best part of North Lawndale. Property will be delivered to new owner mostly vacant so they can lease up with their own choice of tenants. Pro forma income produces an 9.23% Cap Rate and 18.69% Cash on Cash Return at list price. As more and more investors, homeowners, and renters are discovering, North Lawndale is conveniently located approximately 6 miles west from the center of downtown Chicago, 1.5 miles south of the Eisenhower Expressway (I-290), and 2.4 miles north of the Stevenson Expressway (I-55). This property is located in the heart of North Lawndale, just 3/4 mile from Douglas Park (home to the renowned Riot Fest music festival) and just 1/2 block north of both the revitalized CTA #157 bus line and the CTA Pink Line (light rail) stop.
    Exterior Features

    Exterior Building Type Brick Parking Total 0

    Interior Features

    Basement Slab Fireplaces Total 0 Heat Ventilation Forced Air Number Of Ranges 10

    Property Features

    Additional Parcels YN No Approximate Age Older Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show No - Has Seller Written Direction Electric Circuit Breakers Gross Income 161040 Gross Scheduled Income 161040 Insurance Expense 4500 Maintenance Expense 2000 Net Operating Income 96625 Operating Expense 53143 Tax Annual Amount 9504 Tax Year 2019 Tenant Pays ElectricityHeat Total Monthly Income 13420 Type Multi Family 5+

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Pearson Realty Group.


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Wexler Group | Keller Williams Preferred Realty. Based on information submitted to the MRED as of 2021-09-25T21:00:01.613 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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