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$950,000 Just Listed
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Property Description
Exceptional turnkey 6-unit multifamily investment with immediate value-add potential for a 7th garden unit! Owned and meticulously maintained by the same owner for over 40 years, this ultra-clean building boasts a 7% Cap Rate. Key updates include a BRAND NEW roof, updated windows, and select updated kitchens. Features (2) 2BD/1BA units and (4) 1BD/1BA units, showcasing timeless original woodwork, solid wood doors, and classic hardwood floors. Exterior includes a 2-car garage plus 2 off-street parking spots. Ideal addition to any portfolio with strong cash flow from day one!
Full Property Details
Full Property Details for 3058 N Lotus Ave
General
- Price: $950,000
- Taxes: $12,561 (2025)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12766181
Location
- Area: CHI - Belmont Cragin
- County: Cook
- Driving Directions: Central to Barry go west to the corner of Lotus and Barry
Heating & Cooling
- Heating Type: Central Building Heat, Gas, Radiators
Utilities
- Trash: 2659
Structural Information
- Stories/Levels: 2
- Year Built: 1927
- Built Before 1978: Yes
Lot Features
- Lot Dimensions: 30 x 125
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Insurance Fee: $4,515
- Operating Expenses: $23,430
- Assessment Year: 1927
- Tax Amount: $12,561
- Tax Year: 2025
- Pays Electric: 459
- Pays Trash: 2659
Disclosures and Reports
- Property ID: 13281100190000
Listed by Baird & Warner
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Schools
Schools serving 3058 N Lotus Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Camras Elementary School 3000 North Mango Avenue, Chicago, IL 60634 | K-8 | 0.4 mi |
Foreman High School 3235 North Leclaire Avenue, Chicago, IL 60641 | 9-12 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Tax History
Tax History for 3058 N Lotus Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$10,556
—
$62,500
25%
2023
$10,556
3%
$50,003
—
2022
$10,291
2%
$50,003
—
2021
$10,061
31%
$50,003
45%
2020
$7,668
-5%
$34,400
-14%
2019
$8,041
2%
$40,000
—
2018
$7,906
-10%
$40,000
-2%
2017
$8,760
7%
$40,669
—
2016
$8,150
9%
$40,669
—
2015
$7,457
-1%
$40,669
1%
2014
$7,500
2%
$40,396
—
2013
$7,352
1%
$40,396
—
2012
$7,255
—
$40,396
—
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 3058 N Lotus Ave
3058 N Lotus Avenue, Chicago, IL 60641 (MLS# 12766181) is a Commercial property. 3058 N Lotus Avenue is currently listed for $950,000 and was received on September 23, 2026. Want to learn more about 3058 N Lotus Avenue? Do you have questions about finding other Commercial real estate for sale in Belmont Cragin? You can browse all Belmont Cragin real estate or contact a Coldwell Banker agent to request more information.

