Incredible Investment Opportunity in North Lawndale! Don't miss your chance to own this beautifully updated and spacious Greystone 2-unit building in the heart of North Lawndale. Each unit features 4 generous bedrooms, a living room, formal dining room, gleaming hardwood floors, and updated kitchens. The property offers strong potential for both owner-occupants and savvy investors seeking consistent rental income. The first-floor unit is vacant and move-in ready, while the second-floor unit-currently owner-occupied-will be delivered vacant at closing. Separate utilities and a gas forced-air heating system provide added convenience and flexibility for tenants. This solid building is situated in a desirable, rapidly growing neighborhood. Whether you're looking to live in one unit and rent the other or fully lease both, this is a turnkey opportunity to generate cash flow and build equity.
Closed
$409,900
1540 S Saint Louis Ave, Chicago, IL 60623
8beds
--sqft
Multi Family
Built in 1898
-- sqft lot
$409,900 Zestimate®
$--/sqft
$1,543 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: October 01, 2025 at 02:14pm
Listing courtesy of:
Maria Rios 708-788-1900,
Realty of America, LLC
Bought with:
Erika Villegas
Re/Max In The Village
Source: MRED as distributed by MLS GRID,MLS#: 12437690

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas
Features
- Basement: Unfinished,Full
Property
Parking
- Total spaces: 2
- Parking features: On Site, Owned
Lot
- Size: 3,125 sqft
- Dimensions: 25X125
Details
- Parcel number: 16232230370000
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stone
Condition
- New construction: No
- Year built: 1898
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan
Community & neighborhood
Location
- Region: Chicago
Other
Other facts
- Listing terms: VA
- Ownership: Fee Simple
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$409,900
2% more+$8,198
With Zillow Showcase(estimated)$418,098