1621 S Lawndale AVE, Chicago, IL 60623
1621 S Lawndale AVE, Chicago, IL 60623
1621 S Lawndale AVE, Chicago, IL 60623
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$715,948
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1621 S Lawndale AVE Chicago, IL 60623

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Dennis & Karen

Dennis & Karen

+1(219) 213-3346

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Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12691459

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 multifamily investment in the heart of North Lawndale. This turnkey brick greystone features an attractive unit mix of three spacious 3-bedroom/1-bath apartments and three 2-bedroom/1-bath apartments, totaling 18 bedrooms designed to meet strong family rental demand. Delivered vacant, the property offers investors a rare opportunity to lease at current market rents from day one with complete control over tenant selection, lease terms, and property management. The building has been extensively updated with modern kitchens, renovated bathrooms, new flooring, fresh finishes, and improvements throughout, allowing a new owner to focus on lease-up rather than renovations. The unfinished basement offers additional storage and potential value-add opportunities, subject to buyer verification and municipal approval. Located in one of Chicago's emerging investment corridors, the property is conveniently positioned near Little Village, Pilsen, CTA transit, I-290, major healthcare employers, parks, and neighborhood amenities. Whether expanding an existing portfolio, completing a 1031 exchange, or acquiring a stabilized-quality asset ready for immediate lease-up, this property presents an outstanding opportunity for long-term cash flow and appreciation. A comprehensive Offering Memorandum, including projected market rents, financial analysis, renovation details, and due diligence materials, is available upon request.

Location

State IL

County Cook

Area Chi - North Lawndale

Zoning MULTI

Rooms

Basement Unfinished

Interior

Cooling None

Fireplace N

Exterior

Utilities Available Sewer Connected

Building

Dwelling Type Multi Family 5+

Water Municipal Water

Structure Type Brick

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Christopher Anthony of  Keller Williams ONEChicago 

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Dennis & Karen

Dennis & Karen

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+1(219) 213-3346

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