862 W Lill Ave, Chicago, IL 60614
862 W Lill Ave, Chicago, IL 60614
862 W Lill Ave, Chicago, IL 60614
FOR SALE

862 W Lill Ave
Chicago, IL 60614

Wrightwood Neighbors

Local Information

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Description

Endless opportunities in the heart of Lincoln Park with 860-862 W Lill Ave. Enjoy a potential 5.6 cap rate in this 8-unit condo deconversion opportunity or start from scratch and develop this double lot (50x125) in a prime location for new construction. Zoned RT-4, this condo association consists of 8 -1 bedroom condos (7 tenants/1 owner occupied generating $138,600 in gross yearly rent). Projected/Stabilazed yearly gross income $177,000. All units have central heat and in-unit washer/dryers. Almost all units sport hardwood floors and dishwashers and have seen recent updates. The residents share 6 exterior parking spaces on first come, first serve basis. Currently a self managed HOA, the association can be dissolved through the sale of the property allowing investors and developers to use their imagination. Financials are available upon request.

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
No
HOA
None
Price/Sqft
No Info
Listed
69 days ago

Home Details for 862 W Lill Ave

Days on Market

Days on Market: 70 Days on Trulia

Property Information

Year Built
Year Built: 1969
Property Type / Style
Property Type: Multi Family

Agent Information

Listing Agent
MLS/Source ID: 11388637

Price History for 862 W Lill Ave

Event DetailsPrice
04/28/2022
Listed For Sale
Berkshire Hathaway HomeServices KoenigRubloff Realty Group
$2.4M

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LGBT Local Legal Protections

LGBT Legal Protections updated by Movement Advancement Project
862 W Lill Ave, Chicago, IL 60614 is a multi-family built in 1969. 862 W Lill Ave is located in Wrightwood Neighbors, Chicago. This property is currently available for sale and was listed by Berkshire Hathaway HomeServices KoenigRubloff Realty Group on Apr 28, 2022. The MLS # for this home is MLS# 11388637.