View All North Lawndale Chicago IL Homes with Walk-Out Basement Listings

8 Beds ⋅ 3 Baths ⋅ 12525433 MLS ⋅ CLOSED Status

Huge Value Add Opportunity! Ready to roll up your sleeves? This classic 3unit Greystone is the perfect canvas for investors who see potential where others see problems. Located east of California Avenue near Douglas Park, Mount Sinai Hospital and the Illinois Medical District, it sits in the epicenter of North Lawndale's redevelopment. Millions are pouring into new mixed use projects, condo conversions and hospital expansions along Ogden Avenue and in the nearby Medical District. Buy now while properties here are still affordable and hold on for a huge return as the neighborhood transforms. Bordering the Tri Taylor corridor. Comparable 3 flats (east of California) here are closing at record high numbers, and new mixed-use and Medical District projects are drawing demand. This property has a full walkout basement, enclosed rear porch, parking slab and classic Greystone facade. After a complete gut rehab, similar 3bed units cashflow and resale upside is enormous. Sold strictly as-is-there are known code violations and deferred maintenance, so buyers must perform their own due diligence.. If you're looking for a high upside project in a neighborhood on the rise, with easy access to Mount Sinai, UIC, Rush, the CTA Train Line and I290 this diamond in the rough is your chance to buy low, improve and hold for a big return. It comes with a full set of architectural drawings; add your general contractor to the permit application and you can submit to the City of Chicago for approval immediately!

1342 S Fairfield Avenue, Chicago

$267,500

6 Beds ⋅ 2 Baths ⋅ 12350666 MLS ⋅ CLOSED Status

Fantastic Investment Opportunity in Red-Hot North Lawndale! Presenting a rare chance to own a legal 2-flat in the rapidly developing North Lawndale neighborhood! Each unit boasts 3 spacious bedrooms, a full bathroom, and a dining room that can be converted into a fourth bedroom for increased rental income. The unfinished walkout basement with high ceilings offers future potential to convert into a legal third unit. Located in the WEST ADU Zone and a Tax Increment Financing (TIF) District, this property is a prime candidate for a buyer using an FHA 203k loan to customize it to their vision. The first-floor tenant will be moving out in May, and the property will be delivered vacant at closing, allowing for immediate occupancy or rental. Comparable renovated 2-unit properties have sold for an average of $484,000 within a 1-mile radius, while legal 3-units have sold for $572,000. With strong cash flow potential, renovated 3-bedroom apartments in the area are renting for an average of $1,733 per month, and 4-bedroom apartments for $1,990 per month. This property will be delivered free of code violations, offering a clean slate for a buyer seeking huge equity upside, whether as an investment or to convert into a 3-unit and live in one unit while the other two units pay for the property expenses. Don't miss this excellent opportunity to capitalize on North Lawndale's growing market!

1516 S Homan Avenue, Chicago

$349,000

4 Beds ⋅ 4 Baths ⋅ 12321153 MLS ⋅ CLOSED Status

Welcome to your dream home! This stunning fully renovated 4-bedroom, 3.5-bathroom grey stone single-family residence had an inviting open-concept living area flooded with natural light from large windows, highlighting the sleek contemporary kitchen and chic modern finishes. Meticulously gutted and upgraded, this home boasts all-new windows, energy-efficient air conditioning, an instant water heater, and top-of-the-line appliances, ensuring both comfort and efficiency. Each of the spacious bedrooms offers warmth and comfort, ideal for a growing family. The large master suite features a private walkout deck that overlooks the backyard, a serene spot for savoring your morning coffee or unwinding at the day's end. Downstairs, the newly finished basement featuring a generous family room, an additional bedroom with its own bathroom, and a separate entry that adds a touch of privacy-perfect for guests or an in-law suite. The space also offers room to create a cozy dinette for shared meals and memories. Step outside to discover your nice sized backyard, newly finished second deck offers ample room for hosting gatherings. Plus, you'll appreciate the convenience of two fenced-in parking spaces. Nestled in a friendly neighborhood, this home is just moments away from schools, parks, and shopping, with a quick 10-minute drive to downtown via I-290 just two blocks away. This move-in-ready home is a rare find-don't let this opportunity slip away! Schedule your showing today!

747 S Kenneth Avenue, Chicago

$229,900

7 Beds ⋅ 3 Baths ⋅ 12166777 MLS ⋅ CLOSED Status

Welcome to 1651 Trumbull! This beautiful Greystone gem is located in upcoming North Lawndale and features two spacious units with SIX-SEVEN bedrooms: four natural bedrooms on the second floor, and two bedrooms on the first floor that can easily be converted to its original three bedroom. THREE full bathrooms, with a full walkout basement that can easily be duplexed or considered for rezoning as a third unit, an enclosed porch, a brand new two car garage, with plenty of yard space remaining for family gatherings, entertainment, and/or tenants' enjoyment. The Property is being sold "As-Is," with no seller repairs to be made. It is all yours to make as stunningly beautiful as you please!

1651 S Trumbull Avenue, Chicago

$199,900

3 Beds ⋅ 2 Baths ⋅ 12022648 MLS ⋅ CLOSED Status

Welcome to this charming brick 1.5-story bungalow nestled in the desirable North Lawndale neighborhood. With its classic brick exterior and cozy ambiance, this home exudes character and warmth. Step inside to discover three bedrooms, perfect for a growing family or accommodating guests. The main level features a well-appointed kitchen, ideal for culinary enthusiasts, and a comfortable living area, perfect for relaxation or entertaining. Upstairs, the attic space offers potential for customization or additional storage, with ample room for creating a cozy retreat or utilizing as extra living space. Downstairs, the full, finished basement adds versatility to the home, providing extra living space for a recreation room, home office, or media center. The basement also features a full bath, making it convenient for guests or as an additional private retreat. With a walkout basement, accessing the outdoor space is seamless.Outside, the property boasts a meticulously maintained lawn and landscaping, providing a serene oasis in the heart of the city. Completing this fantastic property is a detached two-car garage, providing ample parking and storage space. Don't miss the opportunity to make this charming bungalow your new home sweet home in North Lawndale!

1429 S Kenneth Avenue, Chicago

$315,000

8 Beds ⋅ 4 Baths ⋅ 11994631 MLS ⋅ CLOSED Status

This is your opportunity to be an investor/landlord. Three Unit building with 2-3BR/1Bath and 1-2BR/1Bath. Walkout basement with plenty of storage space, bathroom and laundry area. New Roof. 1st floor unit duplex to basement. A lot of new windows throughout the building. Updated hot water tank. Recently new development around the neighborhood. Enclosed back porch. Two car garage. All units are fully occupied with long term tenants. Tenants are month to month. Sold As Is. Multiple Offers Situation, need Highest and Best by March 17, 2024 7pm

1820 S Trumbull Avenue, Chicago

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North Lawndale, Chicago IL · Curated MLS Search

Homes with Walk-Out Basement in North Lawndale, Chicago IL

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