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1854 S Central Park Avenue Chicago, IL 60623
Beautiful 10 unit apartment building which actually has 2 separate addresses; 1852 and 1854 S. Central Park. 1854 has 3-3/1's and 1-2/1 and has been completely gutted and rehabbed. 1852 has 3-3/1's and 3-2/1's and was rehabbed a few years ago. New Elec, plumbing, windows, roof, etc. Most of the original hardwood floors could be saved, so they have been refinished. Top quality kitchen and bath cabinets and fixtures. Individual furnaces in each unit. Get top rents with this desirable unit mix in the best part of North Lawndale. Property will be delivered to new owner mostly vacant so they can lease up with their own choice of tenants. Pro forma income produces an 9.23% Cap Rate and 18.69% Cash on Cash Return at list price. As more and more investors, homeowners, and renters are discovering, North Lawndale is conveniently located approximately 6 miles west from the center of downtown Chicago, 1.5 miles south of the Eisenhower Expressway (I-290), and 2.4 miles north of the Stevenson Expressway (I-55). This property is located in the heart of North Lawndale, just 3/4 mile from Douglas Park (home to the renowned Riot Fest music festival) and just 1/2 block north of both the revitalized CTA #157 bus line and the CTA Pink Line (light rail) stop.
|2 months ago||Listing updated with changes from the MLS|
|2 months ago||Status changed to Active Under Contract|
|3 months ago||Listing first seen online|