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  • $280,000

    1506 S Trumbull Ave, Chicago, IL 60623

    7beds
    --sqft
    Multi Family
    Built in 1898
    -- sqft lot
    $471,900 Zestimate®
    $--/sqft
    $1,550 Estimated rent

    Home value

    $471,900

    $411,000 - $538,000

    $1,550/mo

    Zestimate® history
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    What's special

    Welcome to this fantastic investment opportunity in the highly sought-after North Lawndale community! This property is perfect for both investors and owner-occupants utilizing an FHA 203k loan. The property features two units: the first unit offers 3 bedrooms and 1 bathroom, while the second unit boasts 4 bedrooms and 1 bathroom. Additionally, a full basement with a half bathroom provides extra space and potential. Situated on a double lot, this property offers the unique advantage of additional space for potential development. While the exterior of the property is in good condition, the interior presents an excellent opportunity for customization and upgrades. This property is a rare find with great potential and is not to be missed. With an after repair value (ARV) well into $500k, this property promises a lucrative return on investment. Quick access to bus and train stations and only blocks away from either direction to I-290 and I-55. Only a 5 minutes drive to downtown Chicago. With both Mt. Saini and St. Anthony's hospital being right down the street, this is all presents the perfect location for residents. Don't miss out on this exceptional opportunity to invest in North Lawndale. Contact us today to schedule a viewing and explore the possibilities this property has to offer.

    Zillow last checked:

    Listing updated:

    Listed by:

    Jerry Goodwin 708-990-1690,

    Coldwell Banker Realty

    Bought with:

    Joseluis Martinez

    Epique Realty Inc

    Source: MRED as distributed by MLS GRID,MLS#: 12134474MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 2
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Rooms
    • Room types: Enclosed Porch
    Heating
    • Natural Gas, Radiator(s)
    Features
    • Basement: Unfinished,Full,Walk-Out Access

    Property

    Features
    • Fencing: Fenced
    Lot
    • Size: 6,250 Square Feet
    • Dimensions: 50 X 125
    Details
    • Parcel number: 16232240240000
    • Special conditions: List Broker Must Accompany

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Greystone
    • Property subtype: Multi Family
    Materials
    • Brick, Stone
    • Foundation: Brick/Mortar
    • Roof: Flat
    Condition
    • New construction: No
    • Year built: 1898
    Details
    • Builder model: GREYSTONE

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Security: Security System
    • Subdivision: Lawndale
    Location
    • Region: Chicago

    Financial & listing details

    • Tax assessed value: $280,010
    • Annual tax amount: $4,445
    • Date on market: 8/9/2024
    • Listing terms: Conventional
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    10/28/2024Sold$280,000+3.7%
    Source: MRED as distributed by MLS GRID #12134474 Report a problem
    8/15/2024Listing removed--
    Source: MRED as distributed by MLS GRID #12134474 Report a problem
    8/9/2024Listed for sale$269,900
    Source: MRED as distributed by MLS GRID #12134474 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024-- $28,001 +33.3%
    2023$4,446 +2.6%$20,999
    2022$4,334 +2.3%$20,999
    2021$4,237 +37.6%$20,999 +52.5%
    2020$3,078 -3.5%$13,771 -13%
    2019$3,191 +1.7%$15,829
    2018$3,137 -29.7%$15,829 -23.4%
    2017$4,464 +7.8%$20,665
    2016$4,139 +9.3%$20,665
    2015$3,787 -1.4%$20,665 -0.2%
    2014$3,840 +2%$20,698
    2013$3,764 +1.4%$20,698
    2012$3,714 -14.5%$20,698 -22.8%
    2011$4,344 -0.4%$26,806
    2010$4,362 +4.4%$26,806
    2009$4,180 +62%$26,806 +2.9%
    2008$2,581 +15.9%$26,047
    2007$2,226 +55.4%$26,047
    2006$1,433 +55.1%$26,047 +97.1%
    2005$924 +3.3%$13,216
    2004$894 +2.1%$13,216
    2003$875 -4.2%$13,216 +66.9%
    2002$914 +10.6%$7,920
    2001$826 +40.8%$7,920
    2000$587 $7,920 +28.5%
    1999$587 $6,165
    Find assessor info on the county website

    Neighborhood: Lawndale

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: 299

    Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $471,900
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $471,900