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$279,000

Est. payment - /mo

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5 Beds

3 Baths

3,049 Sqft Lot

Active Under Contract

1948 S Trumbull AVE Chicago, IL 60623

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

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Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 12342552

Bedrooms 5

Year Built 1895

Annual Tax Amount $2,188

Tax Year 2023

Lot Size 3,049 Sqft

Lot Dimensions 25 X 125

Property Sub-Type Two to Four Units

Property Description

AMAZING OPPORTUNITY TO OWN A NICE A 2 UNIT, BRICK BUILDING, THE 1ST FLOOR UNIT IS DUPLEXED DOWN TO THE BASEMENT PROVIDING EXTENDED LIVING SPACE PERFECT FOR A FAMILY ROOM, GUEST AREA, HOME OFFICE OR UTILIZE IT AS A GARDEN STUDIO APARTMENT FOR EXTRA RENTAL INCOME. LOCATED ON A QUIET TREE LINED STREET, SURROUNDED BY OTHER BUILDINGS THAT'LL BE REFURBISHED FOR THE BRIGHT FUTURE OF NORTH LAWNDALE. FEATURES HARDWOOD FLOORS, 3 BED/1BA UNIT PLUS WASHER/DRYER STACK ON TOP FLOOR, 2 BED/1BA ON 1ST FLOOR, STUDIO & FULL BATH ON THE DUPLEX/GARDEN LEVEL W/LAUNDRY HOOKUPS IN THE BASEMENT AREA. LOTS OF WINDOWS FOR PLENTY NATURAL LIGHT, 10 FT CEILINGS, SPACIOUS PATIO W/A PARKING PAD IN THE REAR. EACH UNIT'S RESPONSIBLE FOR OWN UTILITIES. 1ST FLOOR UNIT'S OCCUPIED WHICH MAKES IT ALL THE BETTER TO BRING IN NEW TENANTS AT TODAY'S MUCH HIGHER RENTS OR PERFECT OWNER OCCUPANT WHO CAN USE THE OTHER APARTMENTS TO SHOULDER THE MORTGAGE. THE BUILDING HAS ALWAYS PASSED SECTION 8 INSPECTIONS SO ANY RENOVATIONS SHOULD BE FAIRLY MODEST. SOLD AS - IS. SELLER & BROKER DOES NOT GUARANTEE THE LEGAL STATUS OF GARDEN UNIT. FEW SHORT BLOCKS TO THE HEART OF LITTLE VILLAGE, LAWNDALE HEALTH CENTER{LCHC}, LOU MALNATI'S PIZZA, PINK LINE EL STATION, POLICE STATION, OGDEN AVENUE & I - 290 EXPRESSWAY. NEW DEVELOPMENT ALREADY IN THE WORKS FROM NEW HOMES & COMMERCIAL. TREMENDOUS CASH FLOWING OPPORTUNITY AWAITS YOU. RENT ROLL & FORECAST ATTACHED. PRICED TO MOVE QUICKLY!! Highest & Best called for by 5/1/25 @ 4p.

Location

State IL

County Cook

Area Chi - North Lawndale

Zoning MULTI

Rooms

Basement Finished, Full

Interior

Heating Natural Gas

Fireplace N

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Dorian Johnson • Jelani Realty Advisors

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106