2828 N Lawndale Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
2828 N Lawndale Ave
6 Unit Apartment Building $1,195,000 ($199,167/Unit) 7.08% Cap Rate Chicago, IL 60618
Investment Highlights
- Very diverse neighborhood in HOT AVONDALE, near Logan Square.
- Easy to kept rented units, VERY LOW VANCANCY rate.
- Convenient to public transportation, highways, shopping, dining and entertainment
- New gates and fencing, and new rear siding in 2023
Executive Summary
Fully occupied, professionally managed 6-flat in HOT Avondale. Each unit has it's own furnace and central AC. Building and units rehabbed in 2016. 1 and 2 bedroom units include: in-unit laundry, stainless kitchens with quartz countertops and white shaker cabinets and modern bathrooms. Roof replaced in 2020. New gates and fencing, and new rear siding in 2023. Tenants pay gas and electricity bills. Enjoy turnkey, up and running, top rent money maker in AVONDALE. Annual Gross Income for this building is $115,140.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Price | $1,195,000 | Apartment Style | Low Rise |
| Price Per Unit | $199,167 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 7.08% | Building Size | 5,256 SF |
| Gross Rent Multiplier | 8 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1896/2017 |
| Property Subtype | Apartment | Parking Ratio | 0.38/1,000 SF |
| Price | $1,195,000 |
| Price Per Unit | $199,167 |
| Sale Type | Investment |
| Cap Rate | 7.08% |
| Gross Rent Multiplier | 8 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 5,256 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1896/2017 |
| Parking Ratio | 0.38/1,000 SF |
Unit Amenities
- Air Conditioning
- Microwave
- Washer/Dryer
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $1,430 | 700 |
| 2+1 | 3 | $1,600 | 700 - 850 |
1 of 1
Walk Score ®
Very Walkable (85)
Transit Score ®
Excellent Transit (71)
Bike Score ®
Biker's Paradise (93)
zoning
| Zoning Code | RT-4 (Residential Two-Flat, Townhouse and Multi-Unit District) |
| RT-4 (Residential Two-Flat, Townhouse and Multi-Unit District) |
-
William Ashcraft - BS Realty Services, LLC
1 of 23
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
BS Realty Services, LLC
2828 N Lawndale Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.