About 1245 South Lawndale Avenue
This classic Chicago greystone is a Turn-key property with no deferred maintenance. This 6 unit 2-Bedroom/1-Bath has 3 units in front and 3 in rear, separated by an enclosed center hallway. New rubber TPO roof with gutter heaters that can be illuminated, monitored by CCTV, and activated remotely. 5 apartments were rehabbed in the past 30 months. New furnaces and hot water tanks in most units. Custom kitchens, luxury vinyl floors, and ceiling fans in 5 units. Kitchen cabinets with soft/quiet close door gaskets. 2-year-old stainless appliances in 4 units. New Provia Energy star rated grand entrance door with transom and sidelights. This building has 2 separate full basements, one in front and one in back, separated by the middle hallway. The rear full basement has separate front and rear entrances and can be legally converted to an additional dwelling unit, offering the potential for a total of 7 legal units in this building. 2 parking spaces in back. Hi-Definition CCTV camera system that can be viewed remotely. Building has all copper plumbing, updated electrical (800-amp service), and individual circuit breaker panels in each unit. Secure and dependable cash flow from 5 subsidized units and from 1 non-subsidized unit. Current rents are: 5 subsidized units @ $1270. (heat included in subsidized leases), one unit @ $780. Property to be sold AS-IS.
