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Chicago 60623 Lawndale
1453 S Springfield Avenue
$580,000
Commercial - For Sale

1453 S Springfield Avenue

Chicago, IL 60623
bedrooms
Studio
bathrooms
0 Bath
$3,261
Estimated Monthly
$0
HOA / Fees
0.85%
Cap Rate

About This Property

Front entrance 6 unit residential rental building located in HOT North Lawndale.  Located just east of Pulaski Rd (CTA #53 bus), between Roosevelt Rd (CTA# 12 bus) and 16th St.  5 min west from Douglas Park - the home of the world renowned Riot Fest.  This is also approximately 6 miles from the center of downtown Chicago, and only 7 short blocks to the light rail Pink Line stop at 20th and Pulaski.  Great unit mix with three 3 bed/1 bath units, and three 2 bed/1 bath units.   5 of 6 units currently rented and the 6th should be rented shortly after the reno/cleanup is completed.  Each unit has it's own gas forced air furnace. 2 large water tanks provide hot water for the building.  Tenants pay their own gas and electric. There are also 2 deconstructed units in the basement which can be brought back to life with a complete renovation.  There are 2 entrance/exits which can be used to access this area.  Large parking pad in the rear of the building could provide extra income.
Unit Size
-
Days on Market
62 days
Land Size
-
Price per sqft
-
Property Type
Commercial
Property Taxes
$413
HOA Dues
-
Year Built
1921

Listed By

Last updated: 3 months ago (MREDIL #11999154)

Price History

Date / Event Date Event Price
Mar 13, 2024 Listed by Pearson Group LLC $580,000
Listed by Pearson Group LLC
Mar 1, 1994 Sold to Inc Lmr $30,000
Sold to Inc Lmr

Property Highlights

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Commercial
Loft
-
-
$590,000 Dec 28, 2023
-
$1,252/mo
Commercial
Loft
-
-
$650,000 Mar 8, 2024
-
$1,200/mo
Commercial
Loft
-
-
$650,000 Apr 11, 2024
-
$5,249/mo
Multifamily
7 Beds
-
-
$529,900 May 8, 2024
-
$83/mo
Multifamily
8 Beds
-
-
$499,000 Apr 12, 2024
-
$148/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

1453 South Springfield Avenue 1453 South Springfield Avenue, Chicago, IL 60623
  • 1 Unit for Sale
More about this Building
1453 South Springfield Avenue
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