1506 S TRUMBULL AVE Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60623
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active Under Contract
Purchase Type For Sale
Subdivision Lawndale
MLS Listing ID 12134474
Style Greystone
Bedrooms 7
Year Built 1898
Annual Tax Amount $4,445
Tax Year 2023
Lot Dimensions 50 X 125
Property Description
Welcome to this fantastic investment opportunity in the highly sought-after North Lawndale community! This property is perfect for both investors and owner-occupants utilizing an FHA 203k loan. The property features two units: the first unit offers 3 bedrooms and 1 bathroom, while the second unit boasts 4 bedrooms and 1 bathroom. Additionally, a full basement with a half bathroom provides extra space and potential. Situated on a double lot, this property offers the unique advantage of additional space for potential development. While the exterior of the property is in good condition, the interior presents an excellent opportunity for customization and upgrades. This property is a rare find with great potential and is not to be missed. With an after repair value (ARV) well into $500k, this property promises a lucrative return on investment. Quick access to bus and train stations and only blocks away from either direction to I-290 and I-55. Only a 5 minutes drive to downtown Chicago. With both Mt. Saini and St. Anthony's hospital being right down the street, this is all presents the perfect location for residents. Don't miss out on this exceptional opportunity to invest in North Lawndale. Contact us today to schedule a viewing and explore the possibilities this property has to offer.
Location
State IL
County Cook
Area Chi - North Lawndale
Rooms
Basement Full,Walkout
Interior
Heating Natural Gas,Radiator(s)
Equipment Security System
Fireplace N
Exterior
Waterfront false
Roof Type Flat
Building
Lot Description Fenced Yard
Dwelling Type Two to Four Units
Sewer Public Sewer
Water Public
New Construction false
Schools
School District 299 ,299, 299
Others
Ownership Fee Simple
Special Listing Condition List Broker Must Accompany