1842 S Saint Louis Ave Chicago, IL

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S Saint Louis Ave, Chicago, Home For Sale

Price: $475,000
Address: 1842 S Saint Louis Ave
City: Chicago
State: IL
Zip:
Bathrooms: 3
Bedrooms: 10
Fee: No
Provided By: RealtyWW

Description:

Presenting this fantastic Investment Opportunity in the vibrant North Lawndale Neighborhood. This spacious Refurbished Legal 2-Flat Greystone with three rental opportunities features two units with 4bedrooms/1bath each and a finished 2bed/1bath Lower Level in-Law unit that has a front and rear egress. Whether you're looking to make this your forever home or invest in a rental opportunity, this building with LOW TAXES ($2, 540 W/OUT a Homeowner's Exemption) offers tremendous potential. With no current tenant leases, the income-generating potential is wide open for investors. Healthy Rental Comps show low market times and up to $2, 583 for a 4bed/1bath rental without parking. See MLS#:11955268 for similar sized comparable rental located at 1635 S Central Park. A great comparable for a 2bed/1 bath Rental is located at 1915 S Avers (MLS#:12026088). This unit rented for $1, 650 in two days. Making the estimated Monthly Rental Yield $6, 816 and $81, 792 annually.

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