Rarely Available 4 Unit Property With An Ideal Location In Irving Park – $574,850

4127 N Lawndale Ave, Chicago, IL 60618

buyer rebatesRarely 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.