4127 N Lawndale Ave, Chicago, IL 60618
Rarely available 9% cap rate investment! This well maintained 4 unit property in HOT Irving Park is a money making machine. Keep as an armchair investment property, building running smoothly just keep high rents coming. Absolutely no vacancies due to prime location. Units have many updates including renovated kitchens and bathrooms, updated gas forced air HVAC systems, tankless water heaters, separate utilities and modern coin operated laundry room. Add this to your portfolio or ideal owner occupied opportunity. Garden unit ceiling height over 7 feet tall. Room to improve rents without having to do major renovations. Building has over 9% cap rate potential. Walk to public transportation, Blue Line, restaurants and grocery store. Total annual income includes Garden unit rent. Garden unit has two entrances. Building Zoned as 3 units. Owner and Listing office do not represent legality of garden unit.
Unit 1
Living Room
Unit #1 – This West facing unit has ample natural light, hardwood floors and tall ceilings.
Dining Room
Unit #1 – The dining room has tall windows and a quintessential built in hutch.
Kitchen
Unit #1 – Recently the owner’s unit, this kitchen has been fully updated including 42” maple cabinets and mosaic back splash.
Unit #1 – The kitchen has a very functional island and a dishwasher.
Bedroom
Unit #1 – All bedrooms have hardwood floors and deep closets.
Bathroom
Unit #1 – The bathroom has white subway tile.
2nd Bedroom
Unit #1 – The 2nd and 3rd bedroom can easily fit a queen size bed.
3rd Bedroom
Unit #1 – The 3rd bedroom is spacious enough for a queen size bed.
Unit 2
Living Room
Unit #2 – Living Room
Dining Room
Unit #2 – Similar to the 1st floor, this 2nd floor unit has a built in hutch.
Kitchen
Unit #2 – The large kitchen has a deep pantry closet.
Bedroom
Unit #2- Bedroom
2nd Bedroom
Unit #2 – Bedroom
Bathroom
Unit #2 – Bathroom
3rd Bedroom
Unit #2 Bedroom
Unit 3
Kitchen
Unit #3 – Kitchen
2nd Bedroom
Unit #3 – Second bedroom is equally large and even fits two full size beds.
Bathroom
Unit #3 – Bathroom
Garden Unit
Living Room
Garden Unit – Living Room
Kitchen
Garden Unit – Kitchen
Bedroom
Garden Unit – Bedroom
Laundry Room
The common Laundry room has new, smart coin operated machines. Additional $1,600 annual income.
Exterior Back
The rear parking pad fits 3 vehicles.
Additional Features:
Over 9% cap rate investment potential
Building is well-maintained
2 units have 3 bedrooms
2 unit have 2 bedrooms
3 parking spaces in the back of the building
Property Taxes $6,500
Contact Information:
Please contact Sari Levy at 630 359 4696 for a showing. Click here to see our other Chicago Area Homes For Sale.