Find the home or investment property you’ve been looking for!

Quick Search

Select Search Area

Selected Areas (10)
Listing Types

Property Features

3 Flat 2216 Hamlin South Lawndale Chicago IL Mu I

City: Chicago ZIP: 60623

Built In: 1903

Lot Size: A

Lot Dimensions: 25 X 125

Lot Description: H

# of Units: 3

Unit 1 Floor 1: 2 bedrooms 1 baths $675

Unit 2 Floor 2: 2 bedrooms 1 baths $775

Unit 3 Floor 3: 3 bedrooms 2 baths $0

Gross Income $18,600

Detailed Listing Description

Take a look at this huge brick three unit building with 3 apartments. All were rehabbed over the last few years and most recently the top unit which is duplexed to attic. The lower and 1st floor units both feature 2 beds+ 1 bath and the top unit features 3 bedrooms + 2 baths. There are many updates like roof, windows, porch, bathrooms, refinished hardwood floors and more more! There are leases for the first 2 units and the top floor is vacant and is easy to show. If you like the top floor then we can accommodate showings for the rest for the rest of the building. Garage is rented for $100/month. Tenants are responsible for gas and electric. Live in the top unit and have your tenants pay for your mortgage. Make your appointment today!

Additional Property Details

Garage & Parking
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2A
  • Tenant Pays Unit 3A
  • Appliances Unit 1O
  • Appliances Unit 2O
  • Appliances Unit 3O
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60623

Listings in this Zip Code average: 2 to 3 units, and are priced at $152,017 to $172,200
This listing is 60% more than other 3 unit listings in this zipcode.

Neighborhood Comparison:
CHI - South Lawndale

Listings in this Neighborhood average: 2 to 3 units, with average prices of $160,576 to $189,327
This listing is 45% more than other 3 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $17,400 Monthly $1,450
Rental Income Stabilized : Annual $39,468 Monthly $3,289
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,450$3,289
Year Total$17,400$39,468
Net Operating Income$3,101$25,169
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $3328 $9214 $12542 $1046
Total         $3,328 $9,214 $12,542   $-9,441 $3,328 $-6,113
Stabilized         $3,328 $9,214 $12,542   $12,627 $3,328 $15,955
Custom         $3328 $9214 $12542   $12627 $3328 $15955

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

Explore Nearby Neighborhoods

Portage ParkNearby Neighborhoods X Plus Real Estate

Portage Park

North CenterNearby Neighborhoods X Plus Real Estate

North Center

LakeviewNearby Neighborhoods X Plus Real Estate


Listing Agent: Erika Villegas
Listing Office: RE/MAX MI CASA
5641 S Menard Ave Chicago

© 2017 Midwest Real Estate Data, LLC (MRED). The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data, LLC (MRED). Real Estate listings held by brokerage firms other than X Plus Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.