1215 S Homan Avenue Chicago, IL ^$ 650,000

1215 S Homan Avenue

^$ 650,000

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1215 S Homan Avenue

Chicago, IL, 60623

^$ 650,000

Bedrooms6 Baths0.0

Monthly Estimate*

^$ 4,320

1215 S Homan Avenue, Chicago, IL 60623 - Image 1

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1215 S Homan Avenue, Chicago, IL 60623 - Image 13

Multi-Family Home for sale in Chicago, IL

for $650,000 with 6 bedrooms. This home was built in 1900.

Stunning 9-unit Greystone at 1215 S Homan in the growing North Lawndale market! Property features 9 2bed/ 1 bath units with 3 units on each level (Front, Middle, Rear). 4 of 9 units have been recently renovated. Tenant makeup is a mix of 3 subsidized and the remaining market rate with the subsidized units achieving $1,350-1,400 in monthly rent. There is a front and rear basement offering additional storage space for tenants. Building features a mix of copper and galvanized plumbing, gas boiler, and separate electrical meters. Phenomenal opportunity for an investor to increase rents by remodeling the remaining units and occupying with subsidized or market rate tenants.

Multi-Family Active

Price

^$ 650,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 14,404

Style

Year Built

1900

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11999370

Features

General

Construction Materials Brick Stone

Year Built 1900

Tenant Pays Air Conditioning Electricity

Stories 3

Tax Year 2022

Gross Income 94800

County Cook

Net Operating Income 49494

Operating Expense 45306

Insurance Expense 516

Property Type Commercial Sale Multi Family 5+

Status Active

Directions Just S on Homan Ave of intersection of Roosevelt and Homan

City Chicago

NumberOfUnitsTotal 9

MLS Area CHI - North Lawndale

Street Name Homan

Tax Annual Amount 14404.6

Electric Expense 35

Fuel Expense 584

Trash Expense 167

Water Sewer Expense 1014

Additional Parcels Y/N N

Days on Market 62

Standard Status Active

Exterior

Lot Dimensions 25X200

Interior

Street Suffix Avenue

* Excluded Features

List By

33 Realty

Broker

lmoore@33realty.com

Affordability Calculator

$5,520

Per Month

Monthly Principal & Interest: $4,320
Monthly Property Taxes: $1,200
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$643,440

Percent of Sale Price 1%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/2/2024	$650,000	-6.47%	Price Down
3/8/2024	$695,000		Listed Price

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1215 S Homan Avenue, Chicago, IL, 60623 is a Multi-Family Home for sale at $650,000. 1215 S Homan Avenue has 6 bedrooms, 0.0 baths, and was built in 1900. The property's zip code is 60623 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 6/2/2024.

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1215 S Homan Avenue

Multi-Family Home for sale in Chicago, IL

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