Description
Great Profit Potential on this beautifully renovated Huge 13 unit VACANT apartment building located at 1858 - 60 S. Springfield Ave. & connected extra large gated side lot at 3900 W. 19th St. In an Opportunity Zone & just blocks from major public transportation! 1858 - 60 S. Springfield has been completely gutted and rehabbed with city permits, New Electric 800 AMP service & throughout building, New 2" Copper Plumbing service as well as new copper plumbing throughout building, HVAC, Windows, Flooring, Appliances,Roof etc. Including Wash/Dryer hookups Individual HW, Furnace, breaker panel in each unit!! High Quality kitchen/bathroom cabinets and fixtures. Enjoy low maintenance expenses, Building was rehabbed for maximum ROI by Experienced Developer! Get top rents with this desirable unit mix in the best part of North Lawndale. Lot of redevelopment in the area. Property is fully vacant & brand new!. Pro forma income produces a 12.%+ (potential) at listing price. Side lot can be used as income or as a development opportunity or sold separately. North Lawndale is conveniently located approximately 7 miles from the center of downtown Chicago, 3 miles south of the Eisenhower Expressway (I-290). 3 miles north of the Stevenson Expressway (I-55). This property is located in the heart of North Lawndale, just 2 miles from Douglas Park (home to the renowned Riot Fest music festival), 0.3 miles from Pulaski Pink line & 1 block from Ogden Corridor.
Location
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$29,999,995
6 Beds
11 Baths
25,000 Sq ft
MLS# MRD11707537
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Based on information submitted to the MRED as of date and time shown below. 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. © 2022. http://www.mredllc.com/comms/resources/DMCA_Notice.pdf Updated: 24th March, 2023 10:44 PM (UTC)
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. © 2022. http://www.mredllc.com/comms/resources/DMCA_Notice.pdf Updated: 24th March, 2023 10:44 PM (UTC)
Attribution contact: 630-954-4600
Listing Office: Coldwell Banker Realty
