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1245 S Lawndale Avenue, Chicago, IL 60623
$673,400 Contingent
1245 S Lawndale Avenue, Chicago, IL 60623View this property at 1245 S Lawndale Avenue, Chicago, IL 60623
1245 S Lawndale AvenueChicagoIL60623
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Property Description
This classic Chicago greystone is a Turn-key property with no deferred maintenance. This 6 unit 2-Bedroom/1-Bath has 3 units in front and 3 in rear, separated by an enclosed center hallway. New rubber TPO roof with gutter heaters that can be illuminated, monitored by CCTV, and activated remotely. 5 apartments were rehabbed in the past 30 months. New furnaces and hot water tanks in most units. Custom kitchens, luxury vinyl floors, and ceiling fans in 5 units. Kitchen cabinets with soft/quiet close door gaskets. 2-year-old stainless appliances in 4 units. New Provia Energy star rated grand entrance door with transom and sidelights. This building has 2 separate full basements, one in front and one in back, separated by the middle hallway. The rear full basement has separate front and rear entrances and can be legally converted to an additional dwelling unit, offering the potential for a total of 7 legal units in this building. 2 parking spaces in back. Hi-Definition CCTV camera system that can be viewed remotely. Building has all copper plumbing, updated electrical (800-amp service), and individual circuit breaker panels in each unit. Secure and dependable cash flow from 5 subsidized units and from 1 non-subsidized unit. Current rents are: 5 subsidized units @ $1270. (heat included in subsidized leases), one unit @ $780. Property to be sold AS-IS.
Full Property Details
Full Property Details for 1245 S Lawndale Ave
General
- Price: $673,400
- HOA FEE: $2,373
- Taxes: $4,640 (2021)
- Status: Contingent
- Type: Commercial
- MLS ID: 11945518
- Updated: 2/2/2024
- Added to Site: 138 day(s) ago
Interior
- Interior Features: Other
Parking
- Parking Features: 1 to 5 Spaces, Fenced, Paved
Location
- Area: CHI - North Lawndale
- County: Cook
- Township: West Chicago
- Driving Directions: Roosevelt Rd. to Lawndale Ave. South to property at 1245 Lawndale Ave.
- Location Details: Freestanding/Urban
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air, Gas, Individual Furnaces
Utilities
- Trash: 1037
- Onsite: Sanitary Sewer, Municipal Water
Structural Information
- Construction: Brick, Stone
- Exterior Const.: Brick, Limestone
- Foundation: Stone
- Roof: Membrane, Rubber
- Stories/Levels: 3
- Current Bldg. Use: Multi-Family
- Year Built: 1905
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 6
- Units w/Range/Oven: 6
Lot Features
- Lot Size (Sq. Ft.): 3,125
- Lot Dimensions: 25 x 125
- Frontage: City Street
- Potential Use: Multi-Family
- Zoning: MULTI
Financial Considerations
- Maint. Fee: $2,373
- Insurance Fee: $2,666
- Operating Expenses: $17,036
- Other Fee: $9,214
- Assessment Year: 1905
- Tax Amount: $4,640
- Tax Year: 2021
- Tenant Pays: Electricity, Varies by Tenant
- Pays Electric: 653
- Pays Trash: 1037
Disclosures and Reports
- Documents Avail.: Rent Roll, Leases, Tax Bill, Operating Statement
- Property ID: 16231050180000
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Schools
Schools serving 1245 S Lawndale Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
3711 W Douglas Blvd, Chicago, IL 60623 | PK-8 | 0.2 mi | |
2935 W Polk St, Chicago, IL 60612 | 9-12 | 1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1245 S Lawndale Ave
Date
Details
Price
Change
Source
12/13/2023
Listed
$673,400
169.36%
MLS
11/17/2005
Sold
$250,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1245 S Lawndale Ave
Year
Property Taxes
Change
Tax Assessment
Change
2022
$4,747
2%
$23,000
—
2021
$4,640
22%
$23,000
35%
2020
$3,804
-4%
$17,021
-13%
2019
$3,944
2%
$19,565
—
2018
$3,877
1%
$19,565
10%
2017
$3,825
8%
$17,708
—
2016
$3,547
-6%
$17,708
-14%
2015
$3,784
-9%
$20,649
-8%
2014
$4,161
2%
$22,426
—
2013
$4,079
1%
$22,426
—
2012
$4,024
—
$22,426
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1245 S Lawndale Ave
1245 S Lawndale Avenue, Chicago, IL 60623 (MLS# 11945518) is a Commercial property. 1245 S Lawndale Avenue is currently listed for $673,400 and was received on December 13, 2023. Want to learn more about 1245 S Lawndale Avenue? Do you have questions about finding other Commercial real estate for sale in North Lawndale? You can browse all North Lawndale real estate or contact a Coldwell Banker agent to request more information.