1315 S Millard Avenue
Chicago, IL 60623

Status: Active
Multi Family
8 beds
0 baths
0 sq.ft
Listing Price: $420,000
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About this home

Take advantage of this RARE opportunity to own this unique 4 unit all brick building with a huge, all brick, three car garage, located on a quiet one way street in the rapidly appreciating North Lawndale neighborhood! Property is perfectly suited for live/rent or strictly all investment. Ground unit had NEW bathroom in 2023, garage had new apron in 2023, and the rear porch was also brand new in 2023. The second floor has a 2 bedroom 1 bath and a 1 bedroom 1 bath unit. The first floor has a large 3 bedroom 1 bath unit and the ground level also has a large 3 bedroom 1 bath unit. All units are leased to good rent paying tenants. The majestic three car, all BRICK garage with two brand new overhead doors and a new roof (2022) and new apron (2023) can also be a source of additional income! Schedule a tour to view this amazing property ASAP.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1908
Parking Total 3
Exterior Building Type Brick
Garage Details Garage Door Opener(s), Transmitter(s)
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 3
Parking Garage
Rehab Year 2022
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - North Lawndale
Zoning Type MULTI
Corporate Limits Chicago
Directions Millard is a one way street going north. From Central Park and Douglas Blvd go west to Millard, north to property
Equipment Ceiling Fan(s)
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Radiator(s)
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan
Jr High/Middle Dist 299
Township West Chicago
Interior Features
Basement Description Finished, Exterior Access
Basement Full ,Walkout
Bedrooms Count 8
Bedrooms Possible 8
Baths Count 4
Full Baths in Building Count 4
Total Rooms 20
Units
unit 1
Beds Total 3
Baths Total 1
Actual Rent 1400
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date 04/24
Rooms Total 7
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 2
Beds Total 2
Baths Total 1
Actual Rent 1100
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date 01/24
Rooms Total 5
Tenant Pays Electric, Gas, Heat
Floor Number 2
unit 3
Beds Total 1
Baths Total 1
Actual Rent 750
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date 04/24
Rooms Total 3
Tenant Pays Electric, Gas, Heat
Floor Number 2
unit 4
Beds Total 2
Baths Total 1
Actual Rent 1100
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date 02/23
Rooms Total 5
Tenant Pays Electric, Gas, Heat
Floor Number G
Property / Lot Details
Lot Dimensions 33X125
Lot Size Less Than .25 Acre
Ownership Fee Simple
Style of House Contemporary
Type Unit 2 Flat
Number Of Units in Building 4
Property Type Two to Four Units

Financials

Electric Expense Source Actual
Fuel Expense $600
Fuel Expense Source Actual
Gross Rental Income $58,200
Insurance Expense $1,900
Insurance Expense Source Actual
Net Oper Income $52,620
Rental Income 58200
Investment Profile Residential Income
Water Expense $1,000

Tax/Assessments/Liens

PIN 16231130060000
Special Assessments N
Taxes $3,508
Tax Exemptions None
Tax Year 2022
$420,000 Listing Price:
MLS # 11966261
Investment Profile Residential Income
Listing Market Time 111 days
Basement Full ,Walkout
Type Unit 2 Flat
Number of Units in Building 4
Parking Garage
List Date 02/03/2024
Year Built 1908
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