This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
$420,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
Property Description
This well-maintained brick 3-unit building presents an excellent investment opportunity. Each of the spacious units boasts 4 bedrooms, 1 bath, hardwood floors, and gas forced air, ensuring comfortable living for tenants. With separate utilities, managing the property is a breeze. Currently, all units are leased to CHA tenants, generating a solid gross income of $4,412. The first and second-floor tenants are on a month-to-month arrangement, providing the flexibility for the new owner to occupy one unit while maintaining rental income from the others. The third-floor tenant is secured with a lease in place until March 2024. Don't miss out on this income-producing gem in a well-maintained condition.
Full Property Details
Full Property Details for 1541 S Hamlin Ave
General
- Sold For: $420,000
- Taxes: $2,283 (2021)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 11896943
Rooms
Bathrooms
- Total Bathrooms: 3
Bedrooms
- Total Bedrooms: 12
Parking
- Parking Type: None
Location
- Area: CHI - North Lawndale
- County: Cook
- Driving Directions: 15th street to Hamlin Ave then go south to property building.
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Natural Gas, Forced Air
Utilities
- Water: Lake Michigan
Structural Information
- Exterior Const.: Brick
- Basement Desc.: Full
- Year Built: 1958
- Built Before 1978: Yes
Unit Information
- Units in Building: 3
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 34 x 124
Financial Considerations
- Assessment Year: 1958
- Tax Amount: $2,283.25
- Tax Year: 2021
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 16231260120000
Listed by YBRS Realty Inc.
Sold by Realty of Chicago LLC
Get Pre-Approved Today
Schools
Schools serving 1541 S Hamlin Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Penn Elementary School 1616 South Avers Avenue, Chicago, IL 60623 | PK-8 | 0.1 mi |
Farragut Career Academy High School 2345 South Christiana Avenue, Chicago, IL 60623 | 9-11 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
1541 S Hamlin Avenue, Chicago, IL 60623 (MLS# 11896943) is a Multi-Family property that was sold at $420,000 on December 11, 2023. Want to learn more about 1541 S Hamlin Avenue? Do you have questions about finding other Multi-Family 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.

