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!
Closed
$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
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#: 12327596

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