5230 S Lockwood Avenue, Chicago, IL, 60638

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$489,900
60 Days Online

5230 S Lockwood Avenue
Chicago, IL 60638

For Sale|Multi-Family|Active Under Contract
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of RE/MAX Ultimate Professionals 815-556-1077
Call Now: 877 582 4399
Is this the home for you? We can help make it yours.
877 582 4399
5230 S Lockwood Avenue5230 S Lockwood Avenue5230 S Lockwood Avenue5230 S Lockwood Avenue
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GARFIELD PARK UNIQUE PROPERTY FOR A INVESTOR OR OWNER OCUPIED WITH 3 RENTAL UNITS TO LOWER THE MORTGAGE TO ALMOST NOTHING. THIS PROPERTY HAS 2 BUILDINGS WITH 4 LEGAL UNITS. 1 UNIT IS OWNER OCCUPIED AND HAS BEEN RENOVATED TO 90%. THE MAIN UNIT HAS 4 BEDROOMS 1 BATH WITHE THE 2ND FLOOR BATH ROUGHED IN READY TO BE FINISHED. KITCHEN WAS REMODELED A COUPLE YEARS AGO. THE BASEMENT UNIT IS ABOUT 80% RENOVATED 2 BEDROOM 1 BATH AND COULD BE FINISHED QUICKLY TO RENT OR RELATED LIVING. THE REAR BUILD HAS 2 UNITS WITH SEPARATE ENTRANCES THE UPSTAIRS UNIT IS 90% RENOVATED 2 BEDROOM 1 BATH UNIT AND COULD BE FINISHED QUICKLY TO RENT. THE LOWER UNIT IS ABOUT 50% RENOVATED 2 BEDROOM 1 BATH UNIT. WITH SOME CREATIVE SWEAT EQUITY THIS 4 UNIT IS A GREAT INVESTMENT ESTIMATES TO FINISH THE 4 UNITS ARE APPROX $70K AND AFTER REMODEL VALUE IS $700K - $750K. THE RENTAL ON THE 3 UNITS SHOULD BE APPROX 4K - 4.5K PER MONTH. ALLL 4 UNITS WOULD BE 7K- 7.5K. ALL UNITS HAVE SEPARATE ELECTRIC AND GAS METERS THE 2 REAR UNITS HAVE SEPARATE HOT WATERS THE FRONT BUILD SHARE THE HOT WATER HEATER IT COULD BE CHANGE TO SEPARATE. ALL WATER IS ON ONE BILL. ALL UNITS HAVE SEPARATE HEATERS NO A/C EXCEPT WINDOW UNITS. THE PROPERTY HAS BEEN OWNED BY THE SAME FAMILY FOR 40 YEARS AND DUE TO HEALTH CANNOT FINISH THE PROJECTS TO BRING THE UNITS BACK TO RENTABLE CONDITION, THE PROPERTY IS BEING SOLD AS-IS NO FHA OFFERS WILL BE CONSIDERED. CONVENTIONAL 203K OR CASH OFFERS. GREAT LOCATION CLOSE TO SHOPPING AND EXPRESSWAY GREAT RENTAL AREA.

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Listing Snapshot
Price 
$489,900
Days Online 
60 Days
Bedrooms 
10
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1918
MLS® Number 
11978866
Status 
Active Under Contract
Property Tax 
$8,580
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 months agoListing updated with changes from the MLS®
2 months agoStatus changed to Active Under Contract
2 months agoListing first seen online
General Features
Parking Spaces 
0
Sewer 
Public Sewer
Basement 
Full
Property Sub Type 
Multi Family
General Information 
Commuter BusInterstate Access
Rooms Total 
19
Lot Size 
Less Than .25 Acre
Water 
Lake Michigan
Lot Features 
Fenced YardIrregular Lot
Parking Total 
0
Interior Features
Heating 
Natural Gas
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Exterior Features
Roof 
Asphalt
Waterfront Property 
No
Exterior 
BalconyDeckPorch
Lot 
Fenced YardIrregular Lot
Community Features
Township 
Lake
Community Features 
CurbsSidewalksStreet LightsStreet Paved
MLS Area 
CHI - Garfield Ridge
Schools
School District
299
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing Courtesy of MRED as distributed by MLS Grid of RE/MAX Ultimate Professionals 815-556-1077



Based on information submitted to the MLS GRID as of 2024-04-13 09:50 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data last updated: 2024-04-13 09:50 AM UTC
MRED DMCA Copyright Information Copyright © 2024 Midwest Real Estate Data LLC. All rights reserved.

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