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$649,900

Est. payment - /mo

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6 Beds

3 Baths

Active Under Contract

1101 N Lawndale AVE Chicago, IL 60651

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Park Place Realty Group LLC

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

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 12726748

Bedrooms 6

Year Built 2023

Annual Tax Amount $10,620

Tax Year 2024

Lot Dimensions 32X125

Property Sub-Type Two to Four Units

Property Description

Welcome to 1101 N Lawndale, a newer construction two-flat built in late 2023 that gives you income and a place to live all in one. The first floor is a duplex down unit with 4 bedrooms and 2 bathrooms, currently rented at $3,000 a month, so you have a tenant helping cover your mortgage from day one. The second floor is a 2 bed, 1 bath simplex, ready for you to move right in and live above your investment, or rent it out too if you'd rather hold the whole building. Both units are filled with natural light, a real perk of the corner lot position and the thoughtful newer build. You get the clean lines, efficiency, and low maintenance of construction that's barely two years old, including tankless water heaters for endless hot water and lower utility costs. The seller has an assumable FHA loan at a 5.175 interest rate. For a qualified buyer, that's a chance to step into a rate well below what's out there today. The setup outside is just as strong. This sits on an oversized Chicago lot on a rare cul-de-sac, a quiet pocket you don't find often in the city. There are three exterior parking spaces plus a two-car garage, and the garage comes with two Level 2 EV chargers already installed, ready for whatever you or your tenants drive. The area is on the move, with plenty of new construction coming in nearby, so you're buying into a neighborhood that's still growing.

Location

State IL

County Cook

Area Chi - Humboldt Park

Rooms

Basement Finished, Full

Interior

Heating Natural Gas, Forced Air

Equipment CO Detectors, Ceiling Fan(s), Sump Pump, Multiple Water Heaters

Fireplace N

Exterior

Garage Spaces 2.0

Roof Type Asphalt

Building

Lot Description Cul-De-Sac

Dwelling Type Two to Four Units

Building Description Vinyl Siding,Brick,Frame, No

Sewer Public Sewer

Water Lake Michigan

Structure Type Vinyl Siding,Brick,Frame

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Listed by James Shin of @properties Christie's International Real Estate

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106