Engel & Voelkers Chicago North Shore
Listed by Engel & Voelkers Chicago North Shore
$1,349,000
2442 N Lawndale Avenue
Details
APN 13263280210000
Property Type Multifamily
Sub Type Apartment Building
NOI $75,750
Year Built 1924
Zoning MULTI
Multifamily
Marketing description
Amazing Turnkey 3 Flat, plus non-conforming garden unit adding extra income potential in Prime Logan Square generating strong income from day one. Second floor unit will be available 7/1/26 for owner occupancy if desired. Sun-filled Units 1 and 2 are total renovations with in unit laundry, central air, 3 bedrooms/2 baths, open layouts, and an enclosed porch. Unit 3 is light and bright with 2 beds/1 bath and is rented, month-to-month. The 1/bed/1 bath garden unit is rented at $515.00, month-to-month. There is a detached 2 car garage, shared patio and yard. Located on a quiet residential street just minutes from the Blue Line, parks and top dining. Summer time fun with the Farmers Market, it is the best around! The Capitalization rate is 5.6. Perfect for owner-occupants or investors looking for immediate rental income!
Listing Contacts
Engel & Voelkers Chicago North Shore
Listed by Engel & Voelkers Chicago North Shore
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$75,750.00
$6,312.50/mo
Valuation Metrics
0
DSCR
5.62%
Cap Rate
5.62%
ROI
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