1130 S. Richmond St., Chicago, IL 60612 - North Lawndale Neighborhood Welcome to a prime investment opportunity in the heart of North Lawndale! This vacant 7-unit multifamily property, located at 1130 S. Richmond St., offers tremendous potential for savvy investors seeking to revitalize and maximize their real estate portfolio. Situated in a historic neighborhood with a rich cultural heritage, this property is a blank canvas awaiting transformation into a lucrative income-producing asset. Property Features: Unit Configuration: Currently vacant, the property has the potential to feature 7 spacious two-bedroom units. Renovation Opportunity: This property is in need of renovation, making it the perfect project for investors looking to add value and boost rental income. With a creative vision and investment in modern amenities, you can transform this property into a highly desirable living space. Desirable Location: Nestled in the North Lawndale neighborhood, this property benefits from its proximity to essential amenities, public transportation, and local attractions. Residents will appreciate the convenience of nearby parks, schools, and shopping centers. Income Potential: Once renovated, this multifamily property has the potential to generate significant rental income. North Lawndale's rental market offers opportunities for attractive rental rates, ensuring a steady cash flow for investors. Historic Charm: North Lawndale is known for its historic architecture and cultural significance. Preserving and enhancing the property's unique features can add to its appeal and value.
