1851 S Harding Ave

1851 South Harding Avenue, Chicago, IL

$484,000

Price

8,000 sqft

Building Size

0.093 acres

Lot Area

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Street
Map
Overview
Building Size
8,000 sqft
Lot Area
0.093 acres
Occupancy
50%
Units
4
Year Built
1923
Floors
4
Parking Spots
4
Description

Exciting Portfolio Investment Opportunity: 4-Unit Condo Quality Building in North Lawndale. This all-brick, multi-family property offers a total of 7,000 square feet of rentable space across its four units that offer central heating & A/C units, in-unit laundry, individual hot water tanks, laminate, and vinyl flooring. The top three floors consist of large 2,000 square feet units larger than most single-family homes in the area, each featuring 3 bedrooms and 2 bathrooms with 9-foot-high ceilings. The lower-level unit (G) spans 1,200 square feet and includes 3 bedrooms and 1 bathroom. Assigned parking spaces are available for all four units in the off street gated rear parking lot. Built in 1923, the building boasts a classic architectural style with a rubber and flat roof. Units G, 2 and 3 were recently fully renovated and units two and three are occupied by new tenants. G is ready to be leased while Unit 1 is vacant and still requires updating – the sale price contemplates this value-add requirement. Whether you’re an experienced investor or looking to start your real estate portfolio, this property offers solid rental income and long-term growth potential with a value-add kicker. Don’t miss out on this fantastic investment opportunity! Each unit has its own PIN so new owner can keep as separate condominium quality units or they can collapse to single PIN apartment building. No HOA in place. Property is located 1-block from CTA Pink Line station (Pulaski), 2.3 miles from Douglas Park, 1.3 miles from I-290, and 2.3 miles from I-55.

North Lawndale is more than just a community area on the West Side of Chicago. It is a place of diversity, history, and culture. It is where you can find the K-Town Historic District, a treasure trove of greystones - a unique architectural style of Chicago.

Highlights
  • - Four Condo Quality Units
  • - Each One is Separately PIN'ed - Requires Four Closing Transactions
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Location
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