For Sale $575,000
Property Type Multi-Family
Property Size 6,150 SF
Units 6
Date Updated Apr 16, 2024

LawndaleKiser Group is pleased to exclusively present for purchase 1143 S. Saint Louis Ave, a six (6) unit walk up building in the hearth of Chicago's North Lawndale neighborhood. The building is located just a few blocks West of Douglass Park and one block North of an abundance of bust stops, restaurants, and shops along Roosevelt Rd. 1143 S. Saint Louis presents a desirable unit mix of three (3) 3BD/1BA and three (3) 2BD/1BA units. Each unit is equipped with its own individual water heater and furnace that were installed in 2017. Recent improvements to the building include but are not limited to: copper plumbing, newer electric servicing, updated LVP flooring, renovated kitchens and baths with newer appliances and fixtures. 1143 S. Saint Louis presents investors with an opportunity to obtain a fully-occupied, stabilized asset in a rapidly appreciating market. From day one, a new owner will realize a cap rate of 9% and cash returns exceeding 12%. Simply by raising rents to rates already being attained throughout the building, a new owner can realize a cap rate of nearly 11% and cash returns approaching 20%.

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Highlights

Desirable Unit Mix: Three (3) 3BD/1BA & Three (3) 2BD/1BA
In-Unit Furnaces
In-Unit Water Heaters
Updated Copper Plumbing
Renovated Kitchens & Baths

Contacts

Jack Petrando

Kiser Group

(773) 293-5086

Location

Getting Around

Walk Score ®
82/100 Very Walkable
Transit Score ®
66/100 Good Transit
Bike Score ®
68/100 Bikeable

Map
Street

City Chicago, IL
Neighborhood Homan Square
Zip Code 60624
Market Chicago

Points of Interest

Kedzie-Homan

0.55 miles
Central Park

0.90 miles
Pulaski

0.92 miles
Kedzie

0.95 miles
Pulaski

1.08 miles
Kedzie

1.25 miles
California

1.27 miles
Conservatory-Central Park Drive

1.27 miles
Western

1.37 miles
Kostner

1.39 miles

GoLo

0.34 miles
BP

0.41 miles
Citgo

0.46 miles
BP

0.56 miles
Shell

0.62 miles
Citgo

0.84 miles
Marathon

0.87 miles
Falcon

1.07 miles
Exxon

1.09 miles
Amoco

1.17 miles

Overflow Parking

1.60 miles
Lot W5

1.72 miles
City of Chicago Auto Pound #6

1.90 miles
Lot A4

1.92 miles
Lot A3

1.94 miles
Lot B2

1.98 miles
Lot C4

1.99 miles
Lot B4

2.03 miles
f

2.06 miles
Wood Street Parking Structure (WSPS)

2.08 miles

Shamrock Motel

1.68 miles
Karavan Motel

1.77 miles
Hyatt Place Chicago - Medical / University District

2.08 miles
Hyatt House Chicago - Medical / University District

2.15 miles
Hotel Chicago West Loop

2.43 miles
Marriott at Medical District/UIC

2.44 miles
Cindy Lyn Motel

2.60 miles
Hyatt House

3.17 miles
Holiday Jones

3.29 miles
Alexandra's place

3.30 miles

Popeyes

0.06 miles
Taco Bell

0.12 miles
Soule

0.19 miles
Subway

0.33 miles
McDonald's

0.33 miles
Checkers

0.41 miles
The SoulFood Lounge

0.68 miles
Subway

0.70 miles
New Pine Valley Restaurant

0.85 miles
Jerk Taco Man

0.96 miles

Henry Ford Academy: Power House High

0.20 miles
Lawndale Community Academy

0.25 miles
UCAN

0.29 miles
Gregory Elementary School

0.39 miles
Sears YMCA Day Care Center

0.40 miles
KIPP Ascend North Lawndale

0.41 miles
Herzl Elementary School

0.47 miles
Herzl Child-Parent Center

0.49 miles
Saint Agathas School

0.50 miles
Former Henson Elementary School

0.53 miles

New Zion Childcare Academy

1.95 miles
Adams Street Child Care Center

2.04 miles
Peter Cottontail Day Nursery

2.21 miles
Taylor Tots

2.60 miles
Little Folks Cottage Inc

3.25 miles
North Avenue Day Nursery

3.44 miles
ABC Toon Town Day Care

3.45 miles
Sunny Days Kid's Academy

3.50 miles
Brighton Park Early Learning Center

3.58 miles
Morningside Children's Academy

3.60 miles

Frequently Asked Questions

What is the lease rate for 1143 South Saint Louis Avenue?

Rental asking rate at 1143 South Saint Louis Avenue is $287,500.00/YR.

What is the total square footage of 1143 South Saint Louis Avenue?

1143 South Saint Louis Avenue totals 6,150 square feet.

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