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3548 W 15th St
Chicago, IL 60623 Lawndale

$1,750,000 USD

Apartments For Sale  •  16,000 SF

Property Details

  • Property Type Apartments
  • Total Building Size 16,000 SF
  • Lot Size 0.15 AC
  • Building Class C
  • Year Built 1909
  • Cap Rate 9.30 %
  • Zoning RT-4, Chicago
66 Transit Score
70 Walk Score

Highlights

EXCEPTIONAL IN-PLACE RETURNS: 9.30% Cap 15.62% Cash-on-Cash Return
VALUE ADD POTENTIAL: Annual gross rental income more than $66,000 below market.
RECENT RENOVATIONS: Current ownership invested more than $400,000 into renovating units and improving mechanical systems.
STRONG LOCATION: Situated less than five miles from Chicago’s Loop, the property offers convenient access to downtown via public transit and highways
Cap Rate: 9.30 %

Amenities

  • 24 Hour Access
  • Microwave
  • Heating
  • Ceiling Fans
  • Tile Floors
  • Kitchen
  • Granite Countertops
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Tub/Shower
  • Yard
  • Dining Room
  • Intercom
  • Porch

Public Transportation

Commuter RailDriveWalkDistance
Kedzie Station (Union Pacific West Line - Northeast Illinois Regional Commuter Railroad (Metra)) 5 min - 2.4 mi
Cicero Station (Burlington Northern-Santa Fe Railway Line - Northeast Illinois Regional Commuter Railroad (Metra)) 6 min - 2.5 mi
Transit/SubwayDriveWalkDistance
Central Park Station (Pink Line - Chicago Transit Authority "L" Trains (The "L")) 2 min 10 min 0.5 mi
Pulaski Station (Pink Line) (Pink Line - Chicago Transit Authority "L" Trains (The "L")) 4 min 18 min 0.9 mi
Kedzie Station (Pink Line) (Pink Line - Chicago Transit Authority "L" Trains (The "L")) 3 min 19 min 1.0 mi
AirportDriveWalkDistance
Chicago Midway International 13 min - 6.6 mi
Chicago O'Hare International 31 min - 17.3 mi
Kyle Stengle 312-327-5455 Marcus & Millichap
Kyle Stengle 312-327-5455 Marcus & Millichap