$114,900
6 Beds
Bath
SqFt
0.07 Acre Lot
3,049 Sqft Lot
Status Contingent
Property Type Two To Four Units
Price Type
Year Built 1901
Neighborhood
Days on Website 314

Property Map

$114,900 – 1442 South Hamlin Avenue, Chicago, IL 60623

Street View

Courtesy of New Market Realty Inc.

Description

Stunning rehab of a historic 2 unit grey stone in Douglas Park. Huge 1st floor 3 bedroom 1 bath unit currently being rented by long time tenants paying $700 per month. Get a hold of this opportunity to make a great deal for yourself now! Duplex the basement with the 1st floor, tenants have agreed to pay $1,400/month! Look at this from one of two ways: 1.) 2nd floor unit is vacant and can easily get $900 per month with the right tenant. Because you are a smart and savvy buyer, you can see that $900 per month plus the $1,450 is an amazing 15% net cash on cash return! -OR- 2.) You live in one unit and let the rent from the other pay for your home! Just imagine all of the possibilities that exist for you in this property BUT only if you act RIGHT NOW and buy this building before someone else beats you to it! Many people talk about the things they want to do with their lives, not you… you on the other hand are a person of action and you know, this is a great deal when you see it.

Property Details and Features

Listing

  • Source: Midwest Real Estate Data, LLC
  • 2019-01-31
  • Exclusive Right To Sell
  • Attorney/Inspection

Bedrooms

  • 6 bedrooms
  • 3 bedrooms in unit 1
  • 3 bedrooms in unit 2

Bathrooms

  • Full/half bathrooms: 0
  • 2 full bathrooms in building
  • 1 full bathroom in unit 1
  • 2 full bathrooms in unit 2

Location

  • 1442
  • CHI – North Lawndale
  • Cook

House

  • Built in 1901 (approximate)
  • 2 units in building
  • 14 rooms
  • 7 rooms in unit 1
  • 7 rooms in unit 2
  • 100+ Years

Property

  • Zoning type: MULTI
  • Two to Four Units

Lot

  • 0 acres
  • 25X129
  • Fenced Yard
  • Less Than .25 Acre

Appliances and Equipment

  • Stove
  • Refrigerator
  • Dishwasher
  • Microwave
  • Laundry Hook-Up
  • Range Hood
  • Stove
  • Refrigerator
  • Dishwasher
  • Microwave
  • Laundry Hook-Up
  • Range Hood

Additional Rooms

  • Utility Room-1st Floor
  • Utility Room-2nd Floor

Parking

  • 3 cars
  • 3 parking spaces
  • Off Alley
  • Space/s

Heating

  • Gas

Utilities

  • Sewer-Public
  • Lake Michigan

Exterior Features

  • Brick

Basement

  • Unfinished
  • Full

Schools

  • Elementary school district: 299
  • Middle school district: 299
  • High school district: 299

Taxes

  • 3229
  • Tax year: 2016

Miscellaneous

  • Commuter Bus
  • Commuter Train
  • Interstate Access
  • Unit 1 rent: $1,400
  • Unit 2 rent: $1,400
  • Unit 1 security deposit: 0
  • Unit 2 security deposit: 0

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