$410,000
( )
 $2,201 est/mo Sourced by Back At You

4340 W 18th Street , Chicago, IL 60623

Chicago, IL 60623

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Description

4340-42 W. 18th St offers an excellent investment opportunity in Chicago's North Lawndale neighborhood. This 7-unit multifamily property provides substantial value-add potential, benefiting from its prime location in both an Opportunity Zone and Enterprise Zone 1, granting significant tax advantages to investors. Property Highlights: Unit Mix: (3) Two-bedroom, one-bathroom units (3) Three-bedroom, one-bathroom units (1) One-bedroom, one-bathroom unit Current Condition: 6 units are vacant and in need of renovations. Renovation budget estimate: $100,000-$150,000. Pro Forma Financial Projections: Monthly Rental Income: $8,850 Net Operating Income (NOI): $74,820 Projected Cash-on-Cash Return: Above 20% With 6 of 7 units available for renovation and lease-up, this property presents a prime opportunity to reposition and maximize income. The estimated renovation costs align with a value-add strategy that enables investors to capitalize on tenant demand and strong market growth potential. Located in the thriving North Lawndale neighborhood, this property is surrounded by public transportation, schools, parks, and other essential amenities, ensuring long-term tenant interest and stability. For investors looking to achieve strong cash-on-cash returns while leveraging the benefits of Opportunity Zone tax incentives, 4340-42 W. 18th St is an unmatched addition to any multifamily portfolio.

Details

MLS#12271682
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1940
Days On Site28
Listing Provided ByKeller Williams ONEChicago | Anthony Hardy

Features

Story(s)3
Units7
ZoningMULTI

Market Activity 60623

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Learn More About This Property

StateIL
CountyCook
CityChicago
Zip Code60623
AreaCHI North Lawndale
Listing VS Median (in 60623)
Price:
$410,000
low | high
Med:
$189,999
100% of Average
On Site:
28
low | high
Med:
350.000000
8% of Average
Sourced by Back At You
Listing Updated: February 2, 2025 at 1:51:59 PM PST