1514 S Kedzie Avenue
Chicago, IL 60623

Status: Active Under Contract
Multi Family
6 beds
0 baths
0 sq.ft
Listing Price: $399,900
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About this home

Introducing 1514 S Kedzie, Chicago, IL, a prime investment opportunity located in the thriving North Lawndale area. This versatile brick building, adorned with a gray stone fascia, features a first-floor storefront with a long-term lease in place, ensuring immediate income. Above the storefront, there are two spacious residential units, each offering 3 bedrooms and 2 bathrooms, ideal for tenants seeking comfortable living spaces. With commercial zoning, low taxes, and a strategic location, this property offers endless possibilities for both residential and commercial use. Don't miss out on this unique chance to add a valuable asset to your portfolio!

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building No
Approx Year Built 1896
Exterior Building Type Brick/Stone Msn Pred
Parking None
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - North Lawndale
Zoning Type COMMR
Corporate Limits Chicago
Directions West to Kedzie, south on Kedzie to property
Elementary Sch Dist 299
Heat/Fuel Natural Gas
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan
Jr High/Middle Dist 299
Township West Chicago
Interior Features
Basement Description Unfinished, Crawl
Basement Partial
Bedrooms Count 6
Bedrooms Possible 6
Baths Count 3
Full Baths in Building Count 3
Total Rooms 10
Units
unit 1
Baths Total 1
Actual Rent 1850
Appliances And Features None
Half Baths Total 1
Lease Expiration Date 01/31
Rooms Total 2
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 2
Beds Total 4
Baths Total 1
Actual Rent 1000
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date MTM
Rooms Total 5
Tenant Pays Electric, Gas, Heat
Floor Number 2
unit 3
Beds Total 3
Baths Total 2
Actual Rent 1100
Appliances And Features Stove, Refrigerator
Full Baths Total 2
Lease Expiration Date MTM
Rooms Total 5
Security Deposit 1100
Tenant Pays Electric, Gas, Heat
Floor Number 3
Property / Lot Details
Lot Dimensions 63X125
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 3 Flat
Number Of Units in Building 3
Property Type Two to Four Units

Financials

Gross Rental Income $47,400
Rental Income 47400
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 16232290450000
Special Assessments N
Taxes $2,117
Tax Exemptions None
Tax Year 2023
$399,900 Listing Price:
MLS # 12102844
Investment Profile Residential Income
Listing Market Time 175 days
Basement Partial
Type Unit 3 Flat
Number of Units in Building 3
Parking None
List Date 07/05/2024
Year Built 1896
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