1453 South Springfield Avenue

Chicago, IL 60623

$580,000
Price
15
Beds
6
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Front entrance 6 unit residential rental building located in HOT North Lawndale. Located just east of Pulaski Rd (CTA #53 bus), between Roosevelt Rd (CTA# 12 bus) and 16th St. 5 min west from Douglas Park - the home of the world renowned Riot Fest. This is also approximately 6 miles from the center of downtown Chicago, and only 7 short blocks to the light rail Pink Line stop at 20th and Pulaski. Great unit mix with three 3 bed/1 bath units, and three 2 bed/1 bath units. 5 of 6 units currently rented...Front entrance 6 unit residential rental building located in HOT North Lawndale. Located just east of Pulaski Rd (CTA #53 bus), between Roosevelt Rd (CTA# 12 bus) and 16th St. 5 min west from Douglas Park - the home of the world renowned Riot Fest. This is also approximately 6 miles from the center of downtown Chicago, and only 7 short blocks to the light rail Pink Line stop at 20th and Pulaski. Great unit mix with three 3 bed/1 bath units, and three 2 bed/1 bath units. 5 of 6 units currently rented and the 6th should be rented shortly after the reno/cleanup is completed. Each unit has it's own gas forced air furnace. 2 large water tanks provide hot water for the building. Tenants pay their own gas and electric. There are also 2 deconstructed units in the basement which can be brought back to life with a complete renovation. There are 2 entrance/exits which can be used to access this area. Large parking pad in the rear of the building could provide extra income.
  1. Listed by David McLennan • Pearson Realty Group

Property Details for 1453 South Springfield Avenue

Area
CHI - North Lawndale
Num of Interior Fireplaces
0
Zoning
MULTI
LISTING UPDATED: 11/20/2024 05:11 PM

Property Details for 1453 South Springfield Avenue

StatusContingent
MLS #11999154
Days on Market260
Taxes$4,953 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1910
Lot Size0.14 AC / 6,250 SF
CountyCook County

Building Information for 1453 South Springfield Avenue

Stories3Residences6Year Built1910Building Size-Lot Size0.14 AC / 6,250 SF

Property Information for 1453 South Springfield Avenue

General Information
Location and General Information
  • Information: 48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Heat/Ventilation: Forced Air
  • # Of Window/Ac: 0
  • # Of Refrigerators: 6
  • # Of Dryers: 0
  • # Of Disposals: 0
  • # Of Dishwashers: 0
  • Num of Baths: 6.0
Property/Lot Information
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Other
  • Lot Dimensions: 50X125
  • Lot Size Square Feet: 6250.0
  • Stories: 3
  • Construction: Brick
  • # Of Ranges: 6
  • Conversion: N
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 11
  • Deconversion: N
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $1,200.00
  • Fuel Expense: $2,280.00
  • Gross Income: $82,560.00
  • Gross Scheduled Income: $82,560.00
  • Insurance Expense: $3,500.00
  • Maintenance Expense: $3,600.00
  • Electric Expense Source: Combination
  • Fuel Expense Source: Combination
  • Insurance Expense Source: Combination
  • Janitor Expense: 1200
  • Other Expense Source: Combination
  • Repairs-Decor Expense Source: Combination
  • Trash Expense Source: Combination
  • Total Monthly Income: 7300
  • Water Expense Source: Combination
  • Net Operating Income: $47,311.00
  • Operating Expense: $26,993.00
  • Other Expense: $4,200.00
  • Trash Expense: $1,500.00
  • Water Sewer Expense: $4,560.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 3
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 3
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 1453 South Springfield Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1453 South Springfield Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - K to 8
Charter - K to 8
Rating
School
Distance
Penn Elementary School
PublicPK to 8

Infinity Math Science & Tech High School
Public9 to 12

KIPP Chicago Chrtrs - Ascend Acad
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Pearson Realty Group

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 11/20/2024 05:11 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.