Address
3058 N Lotus Avenue, Chicago, IL
Price
$ 950,000
Property Attributes
- MLS#12766181
- TypeMulti-Family
- Listing Status New
- CountyCOOK
- CityChicago
- AreaCHI - Belmont Cragin
- NeighborhoodBelmont Cragin
- Zip60641
- Style
- Year Built1927
- Taxes$ 12561
- Price$ 950,000
- Bedrooms3
- Full Bathrooms0
- Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Exceptional turnkey 6-unit multifamily investment with immediate value-add potential for a 7th garden unit! Owned and meticulously maintained by the same owner for over 40 years, this ultra-clean building boasts a 7% Cap Rate. Key updates include a BRAND NEW roof, updated windows, and select updated kitchens. Features (2) 2BD/1BA units and (4) 1BD/1BA units, showcasing timeless original woodwork, solid wood doors, and classic hardwood floors. Exterior includes a 2-car garage plus 2 off-street parking spots. Ideal addition to any portfolio with strong cash flow from day one!
| Price History | |
|---|---|
| 9/24/2026 | Listed $950,000 |
General Features
| Year Built | 1927 |
|---|---|
| Stories Count | 2 |
| Tax Year | 2025 |
| Gross Income | 92940 |
| County | Cook |
| Net Operating Income | 69510 |
| Operating Expense | 23430 |
| Insurance Expense | 4515 |
| Property Type | Commercial Sale |
| Status | New |
| Directions | Central to Barry go west to the corner of Lotus and Barry |
| City | Chicago |
| Number Of Units Total | 6 |
| MLS Area | CHI - Belmont Cragin |
| Tax Annual Amount | 12561 |
| Electric Expense | 459 |
| Fuel Expense | 5548 |
| Trash Expense | 2659 |
| Water Sewer Expense | 1888 |
| Additional Parcels Y/N | No |
| Virtual Tour | https://real.vision/3058-north-lotus-avenue?o=u |
| Standard Status | Active |
| Property Type | Multi Family 5+ |
| Cap Rate | 7 |
Exterior Features
| Lot Dimensions | 30x125 |
|---|
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 60641
Price
Taxes
Year Built
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