
3528 W 12th Place Chicago, IL 60623
North Lawndale NeighborhoodHighlights
- Greystone Architecture
- Brick or Stone Mason
- Forced Air Heating System
- Enclosed Patio or Porch
- Entrance Foyer
- 2-minute walk to Park No. 534
About This Home
As of December 2024Attention Investors and Owner-Occupants! This beautiful Greystone 2-Flat w/ a bonus Luxury Garden Unit in North Lawndale is a rare turnkey cash-flow opportunity that won't last! With over 3,500 sq. ft. of living space, this property allows you to live for free while generating substantial rental income. 90% of the improvements have been completed, only 10% remaining! The two main Units each feature four spacious bedrooms and one bathroom, while the sizable Garden Unit boasts four bedrooms, 1 full bathroom, 7ft+ ceilings, and modern updates throughout! All Units offer luxury vinyl flooring, recessed lighting, stainless steel appliances, and updated kitchens with white shaker cabinets. Unit 1 and the Garden Unit have freshly updated bathrooms and are vacant, move-in ready with fresh paint and contemporary finishes. Unit 2 is occupied by a long-standing CHA tenant with a four-bedroom voucher, renting well below market, presenting an immediate rent increase opportunity in 2025. This property is perfect for house-hackers: live in the Garden Unit while renting out the other two. Comparable rents for four-bedroom units in the area reach up to $2,200/month, with Unit 2 capable of yielding $2,000+ with a rent adjustment. With a potential gross income of $6,400 per month, far exceeding the estimated $3,400 for mortgage, taxes, and insurance at a 7% interest rate, you'll enjoy positive cash flow while living mortgage-free! Additional highlights include forced heat, separated utilities, and new water tanks and furnaces in each unit! The fully fenced backyard offers privacy and space for tenant enjoyment or personal use. Located in the rapidly appreciating North Lawndale neighborhood, minutes from I-290, parks, shopping, dining, and public transit, this property is surrounded by growth and opportunity. Comparable properties are selling for upwards of $573,000, and the strong rental market ensures high demand. Don't miss out on this chance to live mortgage-free while building equity. Schedule your showing today!
Last Agent to Sell the Property
Straight-A Realty, LLC License #471020131 Listed on: 10/24/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,715
Year Built
- Built in 1909
Home Design
- Greystone Architecture
- Brick or Stone Mason
- Rubber Roof
Bedrooms and Bathrooms
- 12 Bedrooms
- 12 Potential Bedrooms
- 3 Bathrooms
Finished Basement
- Basement Fills Entire Space Under The House
- Bedroom in Basement
Additional Features
- Entrance Foyer
- Enclosed Patio or Porch
- Lot Dimensions are 25 x 125
- Forced Air Heating System
Community Details
- 2 Units
Similar Homes in Chicago, IL
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
12/20/2024 12/20/24 | Sold | $470,000 | -1.1% | -- |
11/03/2024 11/03/24 | Pending | -- | -- | -- |
10/25/2024 10/25/24 | For Sale | $475,000 | 0.0% | -- |
10/01/2024 10/01/24 | For Sale | $475,000 | -- | -- |
Tax History Compared to Growth
Agents Affiliated with this Home
-
Seller's Agent in 2024
Michael Applegate
Straight-A Realty, LLC
(630) 288-2446
6 in this area
83 Total Sales
-
D
Seller Co-Listing Agent in 2024
D'Andre Daye
eXp Realty
(888) 574-9405
4 in this area
62 Total Sales
-
Buyer's Agent in 2024
Gabrielle Davis
EXIT Strategy Realty
(312) 391-0722
1 in this area
26 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12158371

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