1266 S Saint Louis Ave
- Six-unit multifamily investment opportunity located in Chicago’s North Lawndale neighborhood
- Extensively Renovated: Comprehensive gut renovation completed in 2024–2025
- Significant Capital Improvements
- Desirable Unit Mix: Four (4) two-bedroom apartments and two (2) three-bedroom apartments.
- Value-Add Lease-Up Opportunity
- Favorable Utility Structure: Tenants pay their own utilities.
Property Description
Essex Realty Group, LLC is pleased to present the opportunity to acquire 1266 S Saint Louis Ave, a six-unit multifamily building located in Chicago’s North Lawndale neighborhood on the Southwest Side. The property consists of four (4) two-bedroom, one-bathroom apartments and two (2) three-bedroom, one-bathroom apartments. The building underwent an extensive gut renovation in 2024–2025, featuring significant capital improvements throughout, including a new roof, all-copper plumbing, new 400-amp electrical service, individual furnaces and water heaters, and new vinyl windows. Additional improvements include new wooden porches and decking, substantial tuckpointing, and kitchen range hoods vented to the exterior. Tenants are responsible for their own utilities, while ownership pays water. Currently four of the building’s six units are occupied, with two vacant, rent-ready apartments offering an opportunity for an investor to increase income through lease-up. Combined with the extensive recent capital improvements and updated building systems, the property presents an opportunity to acquire a substantially renovated multifamily asset with existing rental income and additional upside through stabilization.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $725,000 |
| No. of Units: | 6 |
| Year Built: | 1904 |
| Lot Size: | 0.08 Acres |
| Opportunity Zone: | No |
| Price per unit: | $120,833 |
| Property Website | Click Here |
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