Address
1101 S Richmond Street Chicago, IL
Price
$ 800,000
Property Attributes
  • MLS#11071839
  • TypeMulti-Family
  • CountyCOOK
  • CityChicago
  • AreaCHI - North Lawndale
  • NeighborhoodArcher Heights
  • Zip60612
  • Style
  • Year Built1920
  • Taxes3144
  • Price$ 800,000
  • Bedrooms9
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
SRFG, Inc
Data Source:
Midwest Real Estate Data LLC
Property Description

We are pleased to present 1101 S. Richmond, a 7-unit apartment building located in Chicago's hot North Lawndale neighborhood. This asset has an in-place cap rate of 9%, is composed of 7 BIG apartments (2 x 2/2s, 4 x 3/2s & 1 x 4/3) and has plenty of rental upside. Hungry? Sustenance at Aldi & Mariano's are just 10 & 13 minutes away respectively. Need to get back to the office? The CTA's Roosevelt & Western station is a 12-minute walk from your front door. Need to get out of Dodge? The Eisenhower Expressway is 4-minutes due North. 28th Ward Alderman Jason Ervin runs the show. Information deemed reliable, but not guaranteed. Use diligence. Lastly, this property is being sold as part of a larger 7 building, 58-unit portfolio. Please find the OM under the Additional Information tab.

Price History
4/30/2021 Listed $800,000

General Features

Construction Materials Brick
Property Type Commercial Sale
Property Type Multi Family 5+
Standard Status Active
Stories 3
Tax Annual Amount 3144
Total Units 7
Township West Chicago
Water Sewer Expense 3500
Zoning MULTI

Exterior Features

Exterior Brick
Lot Dimensions 30 X 125
Lot Size Square Feet 3750

Room Details

Room Dimensions Level Flooring Details
Dining Room
Family Room
Living Room
Master Bedroom

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 60612

Price
AVG $720K
$800K
Taxes
AVG $6,254
$3,144
Year Built
AVG 1911
1920
Walkscore
AVG 78
70
Data Provided by Walkscore ® not using MLS data