1506 S Trumbull Avenue, Chicago, Illinois 60623
- $280,000
- 7
- BD
- 3
- BA
- Sold Price
- $280,000
- List Price
- $269,900
- Closing Date
- Oct 28, 2024
- MLS#
- 12134474
- Status
- CLOSED
- Type
- Multifamily
- Subtype
- Residential Income
- Bedrooms
- 7
- Bathrooms
- 3
- County
- Cook
- City
- Chicago
- Neighborhood
- Lawndale
- Days On Market
- 7
Property Description
Welcome to this fantastic investment opportunity in the highly sought-after North Lawndale community! This property is perfect for both investors and owner-occupants utilizing an FHA 203k loan. The property features two units: the first unit offers 3 bedrooms and 1 bathroom, while the second unit boasts 4 bedrooms and 1 bathroom. Additionally, a full basement with a half bathroom provides extra space and potential. Situated on a double lot, this property offers the unique advantage of additional space for potential development. While the exterior of the property is in good condition, the interior presents an excellent opportunity for customization and upgrades. This property is a rare find with great potential and is not to be missed. With an after repair value (ARV) well into $500k, this property promises a lucrative return on investment. Quick access to bus and train stations and only blocks away from either direction to I-290 and I-55. Only a 5 minutes drive to downtown Chicago. With both Mt. Saini and St. Anthony's hospital being right down the street, this is all presents the perfect location for residents. Don't miss out on this exceptional opportunity to invest in North Lawndale. Contact us today to schedule a viewing and explore the possibilities this property has to offer.
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Additional Information
- School District
- 299
- Subdivision
- Lawndale
- Corporate Limits
- Chicago
- Tax Year
- 2023
- Tax Amount
- $4,445
- Year Built
- 1898
- Lot Dimensions
- 50 X 125
- Lot Size Range
- Oversized Chicago Lot
- Heating
- Natural Gas, Radiator(s)
- Sewer
- Public Sewer
- Basement
- Yes
Mortgage Calculator
Listings courtesy of Midwest Real Estate Data as distributed by MLS Grid
Selling Office: Epique Realty Inc.
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