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  • $475,000

    1856 S Lawndale Ave, Chicago, IL 60623

    8beds
    --sqft
    Multi Family
    Built in 1903
    -- sqft lot
    $477,000 Zestimate®
    $--/sqft
    $1,560 Estimated rent

    What's special

    Classic Greystone with a finished garden unit located in the fast growing North Lawndale neighborhood and 6 Min walk to Pink Line (Ogden-Central Park) Perfect Investment opportunity. Features a grand total of 11 bedrooms, 3 bathrooms across three levels, and 6 parking spaces. The rental income and room for more exceeds the estimated mortgage, taxes, and insurance. You'll enjoy positive cash flow! Also qualifies for 4-bedroom vouchers, so there's great potential for the new owner to request a rental increase through CHA, providing a significant boost to your monthly cash flow. Ideal if you're looking to live in one unit and rent out the others or maximize returns with a fully rented building, the strong local rental market and promising future makes this a savvy investment for seasoned investors and first-time multi-family buyers alike. Given the current market trends and comparable rental properties in the area, rent adjustments are in your favor, enhancing your return on investment. Located near the rapidly expanding Illinois Medical District, this property benefits from increased housing demand driven by thousands of new jobs and substantial economic growth. Local industrial sites are being repurposed for community benefit. Shops, eateries, and facilities are revitalizing commercial corridors and enhancing everyday convenience for residents. Don't miss your chance to grab a prime piece of real estate in an area on the rise!! It's time to make a move to have you set for years to come!

    Zillow last checked: 7 hours ago

    Listing updated: June 05, 2025 at 05:37pm

    Listing courtesy of:

    Mario Zelaya 773-401-3600,

    eXp Realty

    Bought with:

    Roberto Rodriguez

    Solaris Enterprises Inc

    Source: MRED as distributed by MLS GRID,MLS#: 12327596MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 2
    • Full bathrooms: 3
    Heating
    • Natural Gas, Forced Air
    Features
    • Basement: Finished,Exterior Entry,Full

    Property

    Parking
    • Total spaces: 6
    • Parking features: Off Alley, Oversized, On Site
    Lot
    • Size: 3,875 sqft
    • Dimensions: 31X125
    Details
    • Parcel number: 16233130480000
    • Zoning: MULTI
    • Special conditions: None
    • Other equipment: Ceiling Fan(s)

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Greystone
    • Property subtype: Multi Family
    Materials
    • Stone
    Condition
    • New construction: No
    • Year built: 1903

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Chicago

    Other

    Other facts
    • Listing terms: FHA
    • Ownership: Fee Simple
    Services availability
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    Sell for more on Zillow

    Get a free Zillow Showcase℠ listing and you could sell for .

    $477,000
    2% more+ $9,540
    With Zillow Showcase(estimated)
    $486,540