1444 S. Trumbull

1444 S. Trumbull, Chicago, IL 60623

  • For Sale $805,000
  • Property Type Multi-Family
  • Property Size 9,000 SF
  • Units 9
  • Additional Rent Contact for pricing
  • Year Built 1921
  • Date Updated May 9, 2024
North LawndaleKiser Group is pleased to exclusively offer for purchase the sale of 1444 S. Trumbull, a nine (9) unit walk-up located in Chicago’s historic Lawndale neighborhood. The property is located just steps away from Historic Douglas Blvd, as well as, Ogden Ave, which features an abundance of public transit and retail options. Additionally, the property sits six (6) blocks from Douglas Park, a 218-acre park featuring ponds & gardens, plus athletic facilities, a pool & historic fieldhouse. 1444 S. Trumbull is comprised of two (2) 3bd/1ba units and seven (7) 2bd/1ba units. All of which, however, are incredibly spacious and feature hardwood flooring throughout. The building underwent an extensive renovation in 2014 and improvements consist of, but not limited to: new porch (2014), updated copper plumbing, individual furnaces, and individual water heaters. 1444 S. Trumbull provides an investor with a unique opportunity to acquire a stabilized and strong cash flowing asset in Chicago’s desirable pocket of Lawndale. From day one, a new owner will capitalize on an incredibly strong, subsidized tenant base with 7/9 tenants apart of the Chicago Housing Authority (CHA) program. A new owner will realize an in place cap rate of 10.32% and a cash-on-cash return of over 19%. Additionally, an assumable loan is available with a 4.25% interest rate, 1/1/2026 maturity date, $551,394 principal balance.

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Highlights

  • Desirable Unit Mix: Two (2) 3bd/1ba and Seven (7) 2bd/1ba units
  • Fully Occupied & Stabilized Asset
  • Individual Furnaces & Individual Water Heaters
  • Units feature Hardwood Flooring with Updated Kitchens & Bathrooms
  • 6/9 Tenants Section 8 Subsidized
  • Assumable Loan Details: 4.25% interest rate, 1/1/2026 maturity date, $551,394 principal balance

Contacts

broker

Jack Petrando

Kiser Group

(773) 293-5086

Location

Getting Around

  • Walk Score ®

    70/100 Very Walkable

  • Transit Score ®

    61/100 Good Transit

  • Bike Score ®

    72/100 Very Bikeable
Powered by Walk Score ®
  • City Chicago, IL
  • Neighborhood North Lawndale
  • Zip Code 60623
  • Market Chicago

Points of Interest

  • Central Park

    0.51 miles

  • Cicero

    1.94 miles

  • 54th/Cermak

    2.39 miles

  • Racine

    2.90 miles

  • UIC-Halsted (Morgan Street)

    3.26 miles

  • Halsted Street

    3.33 miles

  • Halsted

    3.43 miles

  • UIC-Halsted (Halsted Street)

    3.48 miles

  • Morgan

    3.55 miles

  • Clinton

    3.79 miles

  • GoLo

    0.50 miles

  • BP

    0.55 miles

  • Exxon

    0.71 miles

  • Shell

    0.75 miles

  • Amstar

    0.92 miles

  • BP

    0.92 miles

  • Citgo

    1.16 miles

  • Shell

    1.21 miles

  • Amoco

    1.25 miles

  • Citgo

    1.34 miles

  • Overflow Parking

    1.48 miles

  • Lot W5

    1.75 miles

  • Lot A4

    1.96 miles

  • Lot A3

    1.99 miles

  • Lot C4

    2.02 miles

  • Lot B2

    2.04 miles

  • Lot B4

    2.05 miles

  • Wood Street Parking Structure (WSPS)

    2.10 miles

  • Lot M

    2.18 miles

  • f

    2.24 miles

  • Karavan Motel

    1.70 miles

  • Shamrock Motel

    1.73 miles

  • Hyatt Place Chicago - Medical / University District

    2.18 miles

  • Hyatt House Chicago - Medical / University District

    2.24 miles

  • Cindy Lyn Motel

    2.38 miles

  • Marriott at Medical District/UIC

    2.52 miles

  • Hotel Chicago West Loop

    2.56 miles

  • Hyatt House

    3.30 miles

  • Chicago Parthenon Hostel

    3.51 miles

  • Alexandra's place

    3.56 miles

  • Popeyes

    0.34 miles

  • Taco Bell

    0.40 miles

  • Soule

    0.40 miles

  • The SoulFood Lounge

    0.47 miles

  • McDonald's

    0.49 miles

  • Subway

    0.55 miles

  • Checkers

    0.58 miles

  • New Pine Valley Restaurant

    0.70 miles

  • Dunkin'

    0.74 miles

  • Subway

    0.82 miles

  • KIPP Ascend North Lawndale

    0.12 miles

  • Lawndale Community Academy

    0.16 miles

  • North Lawndale College Prep Charter - Christiana

    0.25 miles

  • Dvorak Elementary School

    0.27 miles

  • Legacy Charter School

    0.32 miles

  • Herzl Elementary School

    0.33 miles

  • Saint Agathas School

    0.36 miles

  • Herzl Child-Parent Center

    0.42 miles

  • Johnson Elementary School

    0.44 miles

  • Olive Child-Parent Center

    0.47 miles

  • Peter Cottontail Day Nursery

    1.84 miles

  • New Zion Childcare Academy

    1.93 miles

  • Adams Street Child Care Center

    2.20 miles

  • Taylor Tots

    2.62 miles

  • Brighton Park Early Learning Center

    3.18 miles

  • Little Folks Cottage Inc

    3.42 miles

  • Sunny Days Kid's Academy

    3.54 miles

  • ABC Toon Town Day Care

    3.55 miles

  • Morningside Children's Academy

    3.65 miles

  • Happy Days Child Care Center

    3.77 miles

Frequently Asked Questions

How much does 1444 S. Trumbull cost?

The space currently listed for sale at 1444 S. Trumbull asks for $805,000.

What is the total square footage of 1444 S. Trumbull?

1444 S. Trumbull totals 9,000 square feet.

When was this property built?

1444 S. Trumbull was built in 1921.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Jack Petrando

Kiser Group

(773) 293-5086