1538 South Millard Avenue

Chicago, IL 60623

$699,000
Price
18
Beds
8
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Introducing a newly renovated multifamily unit building, an exceptional investment opportunity with immediate income potential. This meticulously updated property comprises eight units and boasts a high occupancy rate of 95%, with only one unit currently available. The building includes three spacious 3-bedroom units, four comfortable 2-bedroom units, and one cozy 1-bedroom unit. With modern upgrades and attractive living spaces, this property is designed to appeal to discerning tenants, ensuring...Introducing a newly renovated multifamily unit building, an exceptional investment opportunity with immediate income potential. This meticulously updated property comprises eight units and boasts a high occupancy rate of 95%, with only one unit currently available. The building includes three spacious 3-bedroom units, four comfortable 2-bedroom units, and one cozy 1-bedroom unit. With modern upgrades and attractive living spaces, this property is designed to appeal to discerning tenants, ensuring a steady stream of rental income. Perfectly suited for both seasoned investors and those new to the market, this multifamily building is a turnkey investment in a thriving rental market. Don't miss out on the chance to secure this lucrative asset and enjoy the benefits of a well-maintained, income-generating property.
  1. Listed by Candice Payne • 5th Group Corp

Property Details for 1538 South Millard Avenue

Area
CHI - North Lawndale
Township
West Chicago
Zoning
MULTI
LISTING UPDATED: 10/14/2024 12:49 AM

Property Details for 1538 South Millard Avenue

StatusActive
MLS #12090052
Days on Market156
Taxes$9,769 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Garden Complex
Year Built1905
Lot Size0.07 AC / 3,049 SF
CountyCook County

Building Information for 1538 South Millard Avenue

Stories3Residences8Year Built1905Building Size-Lot Size0.07 AC / 3,049 SF

Property Information for 1538 South Millard Avenue

General Information
Location and General Information
  • Information: None
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Heat/Ventilation: Forced Air
  • # Of Refrigerators: 8
  • Num of Baths: 8.0
Property/Lot Information
  • Tenant Pays: Electricity, Heat, Hot Water
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Garden Complex
  • Lot Dimensions: 25X125
  • Stories: 3
  • Exterior Building Type: Brick
  • # Of Ranges: 8
Property and Assessments
  • Possible Use: Multi-Family
  • Public Document Count: 0
  • Photos Count: 27
Miscellaneous
  • Current Use: Multi-Family
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 8
Income & Expenses
  • Electric Expense: $1,440.00
  • Fuel Expense: $.00
  • Gross Income: $102,600.00
  • Gross Scheduled Income: $102,600.00
  • Insurance Expense: $5,052.00
  • Maintenance Expense: $.00
  • Janitor Expense: 0
  • Total Monthly Income: 8550
  • Net Operating Income: $87,080.00
  • Operating Expense: $8,620.00
  • Other Expense: $.00
  • Trash Expense: $1,980.00
  • Water Sewer Expense: $5,200.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 3
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 4
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 1538 South Millard Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1538 South Millard Avenue

Taxable ValueLand$3,671Additions-Total$3,671
Tax Record2019$740 ($62 / month)
Home Facts
Beds0Total Finished SqFt1,367 SqFtAbove Grade Finished SqFt1,367 SqFtStories3Lot Size3,125 SqFtStyleMiscellaneous Vacant LandYear Built1916CountyCOOKAPN16-23-128-030

Schools near 1538 South Millard 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
Herzl Elementary School
PublicPK to 8

Farragut Career Academy 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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1538 South Millard Avenue is a multi-family home for sale in Chicago, IL 60623. This property was listed for sale on June 20, 2024 by 5th Group Corp, it's currently listed at $699,000. This listing's school district is Chicago Public Schools. Nearby schools include Herzl Elementary School, Farragut Career Academy High School and Frazier Prep Academy Charter Elementary School. 1538 South Millard Avenue is a 18-bed, 8-bath, multi-family home built in 1905.

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 5th Group Corp

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 10/14/2024 12:49 AM. 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.