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Listed by Christopher Anthonyof Keller Williams ONEChicago
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Est. payment /mo
New
1621 S Lawndale AVE Chicago, IL 60623
5,364 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 5,364 sqft
MLS Listing ID 12754144
Year Built 1905
Annual Tax Amount $4,087
Tax Year 2023
Lot Dimensions 24X125
Property Sub-Type Multi Family 5+
Property Description
Exceptional opportunity to acquire a fully renovated six-unit brick multifamily property in Chicago's North Lawndale neighborhood. Situated on a 24 125 lot, the building offers approximately over 5000 SQF of a desirable unit mix of five 2-bedroom/1-bath apartments and one 3-bedroom/1-bath apartment. Delivered vacant, the building gives its next owner immediate control over tenant selection, lease terms, and management while providing the opportunity to lease each apartment at current market rents. Improvements include modern kitchens, renovated bathrooms, updated flooring, fresh finishes, and upgrades throughout. The unfinished basement provides additional storage and potential future value-add opportunities, subject to buyer due diligence and municipal approval. Conveniently located near CTA transportation, I-290, Little Village, Pilsen, parks, neighborhood amenities, and major employment centers. Ideal for an investor expanding a multifamily portfolio, completing a 1031 exchange, or seeking a renovated asset positioned for immediate lease-up. Offering Memorandum, projected rents, financial analysis, renovation information, and additional due-diligence materials are available upon request.
Location
State IL
County Cook
Zoning MULTI
Rooms
Basement Unfinished
Interior
Cooling None
Fireplace Y
Exterior
Utilities Available Sewer Connected
View Y/N true
Building
Foundation Brick/Mortar
Water Municipal Water
Structure Type Brick
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