7152 S Lafayette Avenue
Chicago, IL 60621

Status: Active
Multi Family
5 beds
0 baths
0 sq.ft
Listing Price: $225,000

About this home

Located in the Greater Grand Crossing Neighborhood. Amazing opportunity to own this 2-flat. Great opportunity to Buy and Hold or Buy and Flip. There are two-bedroom formal dining room, kitchen and pantry on 1st floor. There are three-bedrooms, formal dining room, kitchen and pantry on the 2nd floor. Both units are rented too long term, long paying Voucher Holders, with opportunity to raise rent levels. Both units have individual furnaces, and hot water tanks, and pay all utilities, except for water. This property has hardwood floors, and lots or original features. Roof has been repaired around two years ago, solid brick with room to expand the basement. Conventional, or cash buyers preferred, or may consider 203K. Property being sold AS IS.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1913
Exterior Building Type Brick
Parking None
Roof Type Flat
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Sidewalks, Street Lights, Street Paved
Area Major CHI - Greater Grand Crossing
Corporate Limits Chicago
Directions Exit 71st Street South to 7152 S Lafayette to property.
Elementary Sch Dist 299
Heat/Fuel Natural Gas
High Sch Dist 299
Sewer Public Sewer
Water Public
Jr High/Middle Dist 299
Township Hyde Park
Interior Features
Basement Description Unfinished
Basement Bathrooms No
Basement Full
Bedrooms Count 5
Bedrooms Possible 5
Baths Count 2
Full Baths in Building Count 2
Total Rooms 11
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 910
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date M/M
Rooms Total 5
Security Deposit NONE
Tenant Pays Electric, Gas, Heat
Floor Number 1
Square Feet 750
unit 2
Beds Total 3
Baths Total 1
Actual Rent 1050
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date M/M
Rooms Total 6
Security Deposit NONE
Tenant Pays Electric, Gas, Heat
Floor Number 2
Square Feet 840
Property / Lot Details
Lot Dimensions 2445
Lot Size .25-.49 Acre
Ownership Fee Simple
Type Unit 2 Flat
Number Of Units in Building 2
Property Type Two to Four Units

Financials

Gross Rental Income $23,520
Net Oper Income $23,520
Rental Income 1960
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 20282060420000
Special Assessments N
Taxes $2,262
Tax Exemptions Senior, Senior Freeze
Tax Year 2022
$225,000 Listing Price:
MLS # 12078946
Investment Profile Residential Income
Listing Market Time 13 days
Basement Full
Type Unit 2 Flat
Number of Units in Building 2
Parking None
List Date 06/13/2024
Year Built 1913
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