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About the Listing 87738 - 184373
Exceptional opportunity to acquire a renovated, six-unit brick greystone in the heart of North Lawndale-one of Chicago's fastest-growing investment corridors. This turnkey asset features an attractive unit mix of one spacious 3-bedroom/1-bath apartment and five well-designed 2-bedroom/1-bath apartments, offering broad tenant appeal and strong rental demand. Delivered completely vacant, the property provides investors with the rare opportunity to lease every unit at today's market rents, implement their own management strategy, and maximize income from day one. Extensive renovations include updated kitchens and bathrooms, new flooring, modern finishes, and significant capital improvements throughout, allowing a new owner to focus on stabilization rather than renovation. The unfinished basement offers additional storage and future value-add potential, subject to buyer verification and approval. Conveniently located near CTA transportation, I-290, Little Village, Pilsen, major healthcare employers, schools, parks, and neighborhood amenities, this property is ideally positioned to benefit from continued neighborhood investment and appreciation. Whether you're expanding an existing multifamily portfolio, completing a 1031 exchange, or seeking an asset ready for immediate lease-up, this is an outstanding opportunity to generate long-term cash flow and equity growth. A comprehensive Offering Memorandum-including projected market rents, financial projections-is available upon request.
Listing Highlights
Status
Active
Days on Site
17
Property Type
Multi-Family
MLS ®
12691459
Year Built
1905
Total Square Footage
0
Lot/Acreage
0.07
County
Cook
Area
CHI - North Lawndale
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Unfinished
- Other:
- Water: Municipal Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 24X125
- Zoning: MULTI
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $4,087
- Taxes w/Assessments: N/A
- Tax/Property ID: 16233060070000
- Tax Year: 2023
Payment Calculator
Monthly Payment
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Questions About..
1621 S Lawndale Ave Chicago, IL 60623
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