1621 S Lawndale Avenue
Property Description
Exceptional opportunity to acquire a fully renovated six-unit brick multifamily property in Chicago's North Lawndale neighborhood. Situated on a 24 125 lot, the building offers approximately over 5000 SQF of a desirable unit mix of five 2-bedroom/1-bath apartments and one 3-bedroom/1-bath apartment. Delivered vacant, the building gives its next owner immediate control over tenant selection, lease terms, and management while providing the opportunity to lease each apartment at current market rents. Improvements include modern kitchens, renovated bathrooms, updated flooring, fresh finishes, and upgrades throughout. The unfinished basement provides additional storage and potential future value-add opportunities, subject to buyer due diligence and municipal approval. Conveniently located near CTA transportation, I-290, Little Village, Pilsen, parks, neighborhood amenities, and major employment centers. Ideal for an investor expanding a multifamily portfolio, completing a 1031 exchange, or seeking a renovated asset positioned for immediate lease-up. Offering Memorandum, projected rents, financial analysis, renovation information, and additional due-diligence materials are available upon request.
Broker Details
Keller Williams Chicago ONEChicago (312) 216-2422
MLS ID: 184373 State License Number: 475151235
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $715,948 |
| No. of Units: | 6 |
| Year Built: | 1905 |
| Opportunity Zone: | No |
| Price per unit: | $119,325 |
| Property Website | Click Here |
| Number of Bedrooms: | 13 |
| Number of Bathrooms: | 6 |
ID: 3yd-MREDIL-12754144
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