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Listed by John Warrenof Forte Properties, Inc.
$695,000
Est. payment /mo
Price Dropped by $30K
3516 W 13th Place Chicago, IL 60623
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Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12599132
Year Built 1905
Annual Tax Amount $10,889
Tax Year 2024
Lot Dimensions 50x100
Property Sub-Type Multi Family 5+
Property Description
Turnkey 6-unit greystone in North Lawndale, directly facing a public park, offering a 9-cap rate with clear upside in rents. Fully gut renovated just three years ago with new electrical, plumbing, HVAC, roof, and modern finishes throughout. Units feature updated kitchens with laminate countertops, stainless steel appliances, renovated baths, and new flooring. The building's prime location offers tenants unobstructed park views, immediate access to green space and recreational amenities, and convenient access to public transportation and neighborhood conveniences. A rare opportunity to acquire a stabilized, income-producing asset with strong growth potential in a rapidly improving submarket.
Location
State IL
County Cook
Interior
Cooling Central Individual
Fireplace N
Exterior
View Y/N true
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Patrick Clarke
Broker | License ID: 471.007683