4326 W. 17thChicago, IL 60623

For Sale
$625,000

16 unit walk-up in Chicago’s historic North Lawndale neighborhood

Overview

Added:
Jan 17
Days on market:
56
Kiser Group is pleased to exclusively offer for purchase the sale of 4326 W. 17th St, a Sixteen (16) unit walk-up located in Chicago’s historic North Lawndale neighborhood. The property is located roughly three (3) blocks from Chicago's Pink Line "El" train station at Kostner, which provides tenants a quick and easy commute to Chicago's downtown (roughly 10 minutes.)

4326 W. 17th is comprised of Six (6) 1bd/1ba units and Seven (7) 2bd/1ba units, all of which are incredibly spacious. Although many components are updated, the building will require a thorough rehab. Please refer to the images for the scope of work needed.

4326 W. 17th embodies a true value-add investment. Currently, the building is completely vacant. This presents an investor with a rare opportunity to acquire a structurally-solid asset in Chicago’s Lawndale neighborhood and allows a new owner to start their rehab from day one. Furthermore, the building is located in a federally designated Opportunity Zone, which can provide investors with an abundance of tax incentives.

Highlights

  • Opportunity Zone Completely Vacant $39K/Unit Two (2) New Water Heaters (2020 & 2021) Desirable Unit Mix: Six (6) 1bd/1ba and Seven (7) 2bd/1ba units

Property Details for 4326 W. 17th

Property type
Multifamily properties, Residential income homes
Square Feet
8,500 SF
Price / Square Foot
$73.53
Buildings
1
Stories
4
Elevators
N/A
Lot Size (sq. ft)
8,500 SF
Units
16

Location Insight

City
Chicago
County
State
Illinois

FAQs

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4326 W. 17th
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