Lawndale Greystone 3 Unit with 3 bd/1bath per unit

2909 W Lexington St, Chicago, IL 60612

$295,000 After Repair Value -
$62,000 Asking Price -
$150,000 Cost of Repairs =
$83,000 Potential Profit

Property Details

Asking Price $62,000

After Repair Value $295,000

Costs of Repairs $150,000

Potential Profit $83,000

Living Area 3288 ft2

Property Type TriPlex

Bedrooms +7

Bathrooms 3

Half Bathrooms 0

Parking 0

Listed with Agent No

EPI (Estimated Potential Income)

Potential Rental Income $4,200

Yearly Expenses N/A

Property Taxes $5,063

Net Operating Income N/A

Cap Rate N/A

Property Description

Complete rehab is required. Easy access to I-290, blue line, and bus, 7-minutes from Downtown Chicago. Well kept block, nice and quiet. The building is being sold in as-is condition. Excellent opportunity for investment. Rehabbed sold comparables in the Lawndale area of Chicago, IL sold within 1/2 mile away and in the last 6 months average $310,000. Property can rent for up to $1400 per unit, that’s $4,200 per month. Great return on investment.

Repairs Needed

Full Gut Rehab


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