Chicago, IL 60623 1453 S Springfield Avenue

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Presented By: Pearson Realty Group
  • MLS# 11999154
  • 03/13/2024
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.
  • Beds • 5

Home Details

Front entrance 6 unit residential rental building located in HOT North Lawndale. Located just east of Pulaski Rd (CTA #53 bus), between Roosevelt Rd (CTA# 12 bus) and 16th St. 5 min west from Douglas Park - the home of the world renowned Riot Fest. This is also approximately 6 miles from the center of downtown Chicago, and only 7 short blocks to the light rail Pink Line stop at 20th and Pulaski. Great unit mix with three 3 bed/1 bath units, and three 2 bed/1 bath units. 5 of 6 units currently rented and the 6th should be rented shortly after the reno/cleanup is completed. Each unit has it's own gas forced air furnace. 2 large water tanks provide hot water for the building. Tenants pay their own gas and electric. There are also 2 deconstructed units in the basement which can be brought back to life with a complete renovation. There are 2 entrance/exits which can be used to access this area. Large parking pad in the rear of the building could provide extra income.
Presented By: Pearson Realty Group

Interior Features for 1453 S Springfield Avenue

Other Interior Features

Total Fireplaces

General for 1453 S Springfield Avenue

Additional Parcels Y/NNo
CityChicago
Construction MaterialsBrick
CountyCook
Days on Market6
DirectionsRoosevelt Rd E or W to Springfield Ave. S on Springfield to 1453
Electric Expense1200
Fuel Expense2280
Gross Income82560
Insurance Expense3500
Lot Size Square Feet6250
MLS AreaCHI - North Lawndale
MaintenanceExpense3600
Net Operating Income47311
NumberOfUnitsTotal6
Operating Expense26993
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusActive
Stories3
Tax Annual Amount4953
Tax Year2022
Tenant PaysElectricity, Heat
Trash Expense1500
Water Sewer Expense4560
Year Built1910
ZoningMULTI

Exterior for 1453 S Springfield Avenue

Lot Dimensions50X125

Additional Details

Price History

Worth Clark

Price $580,000
MLS#11999154
List Date 03/13/2024
Property Type Multi-Family
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