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About the Listing 87517 - 882103
Welcome to 1615 S Trumbull Ave, a solid brick 2-flat located in the rapidly appreciating North Lawndale community, just moments from Douglas Park, local retail corridors, and multiple transit options. This property offers both immediate upside and long-term growth, making it an excellent opportunity for investors, developers, or owner-occupants looking to build equity. The building features spacious units, generous bedroom counts, a driveway, and a layout ideal for rental income or a future renovation project. Previous rents were significantly below market, creating a clear value-add opportunity to increase cash flow. For those considering a flip, newly renovated comparables are trading north of $500K, and brand-new construction 3-unit buildings are expected to break ground on the block in 2026 with projected pricing above $700K+. Residents will enjoy easy access to parks, schools, grocery, and major commercial corridors, as well as a short commute to the Loop (approx. 5.5 miles) and Chicago's lakefront (approx. 6 miles). Whether you're looking to hold as a rental, complete a full renovation, or explore a luxury redevelopment strategy, this property sits in a location poised for continued growth.
Listing Highlights
Status
Active
Days on Site
9
Property Type
Multi-Family
MLS ®
12529718
Year Built
1903
Total Square Footage
0
Lot/Acreage
4708
County
Cook
Area
CHI - North Lawndale
School District
299
Elementary School
Crown Elementary School Comm Acd
Middle School
Crown Elementary School Comm Acd
High School
Farragut Career Academy Senior H
Interior Details
- Bedrooms: 6
- Bathrooms: 2 Full
- Appliances: Multiple Water Heaters
- Air Cond:
- Heating: Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Finished,Full
- Other:
- Water: Lake Michigan
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 4
- Lot Dimensions: 4708
- Zoning: MULTI
- Roof: Rubber,Tile
- Others:
- Sewer: Public Sewer
- Parking Features: Off Alley,Yes,Owned
Financial Details
- Tax Amount: $1,800
- Taxes w/Assessments: N/A
- Tax/Property ID: 16234030040000
- Tax Year: 2023
Payment Calculator
Monthly Payment
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- in Taxes
Years
% Down Payment
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Questions About..
1615 S Trumbull Ave Chicago, IL 60623
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