1448 S Hamlin Avenue, Chicago, IL

$849,500

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0.10

Acres

About 1448 S Hamlin Avenue

Pride of ownership! Immaculately constructed and fully rebuilt in 2017, this stunning 6-unit multi-family Greystone offers exceptional modern living and investment potential. Two of the six units are spacious duplexes located on the first floor of a deep lot, and all units are finished to a condo-grade standard. Extensive renovations completed in 2017 include a new roof, energy-efficient windows, professional tuckpointing, updated concrete work, new HVAC systems, plumbing, electrical, and beautiful hardwood flooring throughout. Each unit features custom-designed kitchens and bathrooms, a wood-framed back deck with durable steel screen doors, and soundproofing between floors for enhanced privacy. The lower levels boast elegant ceramic tile flooring, and every unit has its own utilities conveniently located on the same floor. All units are currently rented, offering immediate income for investors. This property boasts an extraordinary High cap rate-an exceptional return that is rarely seen in today's market. There is significant upside potential as current rents are well below market value, with at least $200 per unit of additional rental income easily achievable. For more information or to schedule a viewing, please call today.

Features of 1448 S Hamlin Avenue

MLS® # 12744974
Price $849,500
Bathrooms 0.00
Acres 0.10
Year Built 1908
Type Commercial Sale
Sub-Type Multi Family 5+
Status Contingent

Community Information

Address 1448 S Hamlin Avenue
Area CHI - North Lawndale
City Chicago
County Cook
State IL
Zip Code 60623

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Central Air
Fireplace No
Has Basement Yes
Basement Finished

Exterior

Exterior Concrete, Limestone
Roof Rubber
Foundation Concrete Perimeter

Additional Information

Days on Market 9
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeExecutive Home Realty, Inc.

Listing Map

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