1851 S Harding Avenue
Chicago, IL 60623

Status: Active Under Contract
Multi Family
12 beds
0 baths
0 sq.ft
Listing Price: $484,000

About this home

Exciting Portfolio Investment Opportunity: 4-Unit Condo Quality Building in North Lawndale. This all-brick, multi-family property offers a total of 7, 000 square feet of rentable space across its four units that offer central heating & A/C units, in-unit laundry, individual hot water tanks, laminate, and vinyl flooring. The top three floors consist of large 2, 000 square feet units larger than most single-family homes in the area, each featuring 3 bedrooms and 2 bathrooms with 9-foot-high ceilings. The lower-level unit (G) spans 1, 000 square feet and includes 3 bedrooms and 1 bathroom. Assigned parking spaces are available for all four units in the off street gated rear parking lot. Built in 1923, the building boasts a classic architectural style with a rubber and flat roof. Units G, 2 and 3 were recently fully renovated and units two and three are occupied by new tenants. G is ready to be leased while Unit 1 is vacant and still requires updating - the sale price contemplates this value-add requirement. Whether you're an experienced investor or looking to start your real estate portfolio, this property offers solid rental income and long-term growth potential with a value-add kicker. Don't miss out on this fantastic investment opportunity! Each unit has its own PIN so new owner can keep as separate condominium quality units or they can collapse to single PIN apartment building. No HOA in place. Property is located 1-block from CTA Pink Line station (Pulaski), 2.3 miles from Douglas Park, 1.3 miles from I-290, and 2.3 miles from I-55.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1923
Parking Total 4
Exterior Building Type Brick
Foundation Concrete Perimeter
Parking Features Assigned, Off Street, Alley Access, Motorized Gate, Secured
Garage On-Site Yes
Parking Ownership Owned
Parking Space/s
Rehab Year 2023
Roof Type Rubber ,Flat
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - North Lawndale
Corporate Limits Chicago
Directions Pulaski Rd. South to 19th St. 1-block East to Harding Ave. North to 1851
Elementary Sch Dist 299
Heat/Fuel Natural Gas
High Sch Dist 299
Sewer Public Sewer
Water Public
Jr High/Middle Dist 299
Township West Chicago
Interior Features
Basement Description None
Basement Bathrooms No
Basement None
Bedrooms Count 12
Bedrooms Possible 12
Baths Count 7
Full Baths in Building Count 7
Total Rooms 20
Units
unit 1
Beds Total 3
Baths Total 2
Actual Rent 1650
Appliances And Features Stove, Refrigerator, Washer, Dryer, Microwave, Central Air Conditioner, Laundry Hook-Up
Full Baths Total 2
Lease Expiration Date VACAN
Rooms Total 5
Tenant Pays Electric, Gas, Heat
Floor Number 1
Square Feet 2000
unit 2
Beds Total 3
Baths Total 2
Actual Rent 1650
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Laundry Hook-Up
Full Baths Total 2
Lease Expiration Date 11/24
Rooms Total 5
Tenant Pays Electric, Gas, Heat
Floor Number 2
Square Feet 2000
unit 3
Beds Total 3
Baths Total 2
Actual Rent 1650
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Laundry Hook-Up
Full Baths Total 2
Lease Expiration Date 2/25
Rooms Total 5
Tenant Pays Electric, Gas, Heat
Floor Number 3
Square Feet 2000
unit 4
Beds Total 3
Baths Total 1
Actual Rent 1550
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Laundry Hook-Up
Full Baths Total 1
Lease Expiration Date VACAN
Rooms Total 5
Tenant Pays Electric, Gas, Heat
Floor Number G
Square Feet 1000
Property / Lot Details
Lot Dimensions 3225
Lot Size Less Than .25 Acre
Ownership Condo
Type Unit 4 Flat,Other
Number Of Units in Building 4
Property Type Two to Four Units

Financials

Investment Profile Residential Income

Tax/Assessments/Liens

Multiple Pin Numbers Yes
PIN 16233090501002
Special Assessments N
Taxes $7,635
Tax Exemptions None
Tax Year 2022
$484,000 Listing Price:
MLS # 11976482
Investment Profile Residential Income
Listing Market Time 88 days
Basement None
Type Unit 4 Flat,Other
Number of Units in Building 4
Parking Space/s
List Date 02/07/2024
Year Built 1923
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