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$410,000
6 Beds ⋅ 3 Baths ⋅ 12512988 MLS ⋅ CLOSED Status
Great investment opportunity of a 2-flat with a non-conforming third unit in an area that has been flourishing and building up! The 2nd floor unit is currently vacant and has 3 bedrooms, kitchen, dining room, pantry, enclosed back porch, central AC and an electric tankless water heater. There is also a BRAND NEW washer/dryer in unit and BRAND NEW wood laminate floor in the bedrooms, living room, and dining room. The 1st floor unit is rented and has 3 bedrooms, kitchen, updated bathroom, living room, washer/dryer in unit, central AC, and an enclosed porch. The vacant non-conforming basement is over 7-feet in height and has 2 bedrooms with 1 bath and eat-in kitchen, living room, enclosed back porch, and private entrance from the front and back. The property has a true 3-car garage. Well maintained and affordable investment property. Sold as-is. Close to UIC and the Illinois Medical District. Walk to the 24/7 blue line trains and the 24/7 Western Avenue bus. See 3D virtual tour.

2415 W Arthington Street, Chicago
$570,000
6 Beds ⋅ 3 Baths ⋅ 12501442 MLS ⋅ ACTIVE Status
Bring your buyers who wish to buy their first home and combine it with rental income. This property is eligible for 5% down to an owner occupant on a conventional loan with Richard Kimball. This brick legal 3-flat in desirable East Garfield Park has been extensively renovated and modernized with condo-quality finishes. The kitchen offers an astounding formation of amenities from the granite counter tops, subway tile and custom cabinetry which contribute to an exceptional touch to this culinary workspace. There is a grand list of upgrades that are ready to be passed on to the new owner: Fence (2023), Windows (2023), Roof (2023), Furnace. Central A/C and Hot Water Heater (2023), Porch Tuckpointing/New Limestone (2023), New Washer/Dryer on each floor, and Upgrade plumbing and electrical throughout the building (2023). Large backyard perfect for enjoying summer days and nights Incorporating fashionable design with traditional appeal, this turnkey building is sure to excite inside and out. Located near shopping, public transportation, hospitals, police department, parks and playgrounds. This building offers both convenience and indulgence. Don't miss out on the opportunity to make this spectacular 3-flat your own!

3115 W Flournoy Street, Chicago
$230,000
6 Beds ⋅ 3 Baths ⋅ 12493494 MLS ⋅ CLOSED Status
Welcome to 3851 W Lexington: a spacious, updated two-flat in North Lawndale with strong rental potential and classic charm. Each unit offers 3 bedrooms and 1 bath, with finished living spaces on the 1st and 2nd floors and a partially finished basement for added flexibility. Recent updates include fresh paint throughout, newer water heaters (5-6 yrs), gas furnaces (#1 is 6 yrs, #2 is 15 yrs), and modern electric/plumbing systems. Kitchens feature wood floors, with the 2nd floor kitchen updated ~5 years ago. Enclosed back porches on both levels, adjacent playground access, and back yard, ideal for low-maintenance living. Estimated rents $1,600-$1,700 per unit. Save thousands on special financing, inquire for details!

3851 W Lexington Street, Chicago
$470,000
9 Beds ⋅ 6 Baths ⋅ 12494017 MLS ⋅ CLOSED Status
Great investment opportunity in the hot North Lawndale area!!! Solid beautiful 3 flat featuring 3 bedroom/2 bath units. First floor has been completely renovated with a new kitchen, quartz countertops, baths, trim, 3 new AC's, and paint. Tenants pay their own gas and electric. Each unit has laundry hook ups. Quiet building on a quiet block. This is a winner!

1440 S Kedvale Avenue, Chicago
$175,000
5 Beds ⋅ 3 Baths ⋅ 12487215 MLS ⋅ CLOSED Status
Explore the potential of this well-built 3-flat in the rapidly developing North Lawndale community. Each unit offers 2 bedrooms and 1 bathroom, for a total of 6 bedrooms and 3 bathrooms across the building. A full basement provides additional storage or the potential for future enhancements. This well-kept property is a strong option for both investors and owner-occupants seeking rental income. Whether you're looking to renovate and lease all three units or live in one while renting out the others, there's plenty of flexibility to match your goals. The units feature functional layouts and are ready for your updates and personal style. Take advantage of low property taxes and a location on the rise, with ongoing neighborhood improvements and revitalization. The building is being sold as-is, offering an excellent chance to build equity through upgrades. Don't miss out on owning a multi-unit building in a growth-focused market-schedule your private showing today!

1239 S Keeler Avenue, Chicago
$110,000
6 Beds ⋅ 2 Baths ⋅ 12477627 MLS ⋅ CLOSED Status
*Multiple Offers Received. Highest and Best due by 9-27-25 3pm.* Attention investors and rehabbers. Income Potential! North Lawndale Brownstone 2 Flat with 3 spacious bedrooms and 1 bathroom in each unit. Basement for additional storage space and added value. Sold As Is. Seller does not provide survey. Property will not be trashed out. Must take subject to any violations/code compliance requirements. Buyer to verify zoning. *Property not for rent - beware of rental scams.*

1222 S Central Park Avenue, Chicago
$200,000
5 Beds ⋅ 2 Baths ⋅ 12477785 MLS ⋅ CLOSED Status
Calling all Investors!!!!! Fantastic opportunity to own a spacious 2-flat in the North Lawndale area! One unit offers 3 bedrooms and 1 bath, while the second unit offers 2 bedrooms and 1 bath; providing great rental or multi-generational living potential. One unit has been newly renovated and is move-in ready, while the second unit offers the perfect chance to bring your vision to life. Situated on a generous TRIPLE lot, this property also provides plenty of outdoor space for entertaining, gardening, or future expansion. A great investment in a growing community!

1513 S Komensky Avenue, Chicago
$775,000
9 Beds ⋅ 6 Baths ⋅ 12474933 MLS ⋅ CLOSED Status
BRICK 3 FLAT LOCATED IN THE TRI-TAYLOR AREA.THIS PROPERTY IS WELL MAINTAINED AND FEATURES 3 LARGE 3 BEDROOM,2 BATH "CONDO READY" UNITS. PRIVATE PARKING IN THE REAR FOR 3 CARS MAKES THIS PROPERTY AN EASY RENTAL. LOCATED JUST 2 BLOCKS FROM THE MEDICAL DISTRICT AND MINUTES TO BLUE LINE. TENANTS PAY ALL UTILITIES EXCEPT FOR WATER AND TRASH. ALL THREE UNITS HAVE IN UNIT WASHER/DRYER, CENTRAL HEATING AND COOLING. VERY EASY TO GET TENANTS AND HAVE POTENTIAL TO INCREASE THE RENT. CLOSE TO MEDICAL DISTRICT AND UIC CAMPUS.

2413 W Taylor Street, Chicago
$380,000
7 Beds ⋅ 3 Baths ⋅ 12465530 MLS ⋅ CLOSED Status
Step into this timeless Chicago 3-flat, where stunning original woodwork meets thoughtful modern upgrades. Perfect for both investors and owner-occupants, the property features two tenant-occupied units and one owner-occupied unit. Garden & 1st Floor Units: Each with 2 bedrooms and 1 full bath 2nd Floor Unit: 3 spacious bedrooms and 1 full bath The building offers plenty of charm with large storage space in the basement and convenient mud rooms off the back staircases for the above-ground units. Each apartment includes a unique built-in wooden shelf that opens into a generous kitchen pantry, while the 1st and 2nd floors also boast beautiful built-in dining room hutches with glass cabinetry. Throughout the building, you'll find original wood doorways, doors, and windows that showcase the craftsmanship of a true Chicago classic. Recent updates bring peace of mind, including a new roof (2021), updated plumbing (2020), and new flooring. Situated just steps from the Pink Line and the bustling intersection of Pulaski & Cermak, this property offers unmatched convenience to transit, shopping, dining, and more. With strong rental income potential and undeniable historic charm, this 3-flat is a rare opportunity to grow your portfolio or enjoy the benefits of multi-unit living in the heart of Chicago. Tenants would like to stay leases expire Nov 1, 2025. Perfect for a fresh start with a lease set by new owner(s) and to collect new security deposit(s). Owner pays Water/sewer/garbage for building and owners unit every OTHER month estimated $140-$160. Electric for common, owners unit, and garage is estimated at $160/monthly and Insurance for building and owners unit is estimated $307/monthly. Tenants pay electric/gas. ** Please reach out to listing agent for Rental information.

4122 W Cermak Road, Chicago
$301,000
7 Beds ⋅ 3 Baths ⋅ 12462387 MLS ⋅ CLOSED Status
All brick 3 flat in appreciating North Lawndale. Units 1 and 2 were recently refreshed and have 2 bedrooms and 1 bathroom. Unit 2 has 3 bedrooms and 1 bathroom and is occupied by long term tenants and their lease is meant to end in February 2026. Each unit has its own furnace. Near Roosevelt bus and half block to Franklin Park outdoor pool and playground.

1318 S Kolin Avenue, Chicago
$515,000
9 Beds ⋅ 3 Baths ⋅ 12457191 MLS ⋅ CLOSED Status
Beautifully rehabbed and move-in ready, this North Lawndale 3-flat is a fantastic opportunity for both owner-occupants and investors seeking a turnkey rental property. The building features a 2-bedroom garden unit, a spacious 3-bedroom unit on the first floor, and a large 4-bedroom unit on the top floor-offering excellent rental versatility. Each apartment has been thoughtfully updated, combining modern finishes with comfortable layouts. Exterior parking in the back adds convenience, while the fully renovated condition means you can start generating income immediately. Whether you're looking to live in one unit while renting the others or seeking a strong addition to your investment portfolio, this property is ready to deliver.

1657 S Central Park Avenue, Chicago
$475,000
9 Beds ⋅ 3 Baths ⋅ 12457520 MLS ⋅ CLOSED Status
Beautifully updated brick 2-flat with a finished non-conforming garden unit located in the heart of Chicago's North Lawndale neighborhood. Recent renovations include updated electrical and plumbing, newer HVAC, in-unit washer/dryer hookups, and refreshed interiors throughout. Each apartment features spacious layouts, modern kitchens with granite countertops, and upgraded bathrooms. Unit Mix: Unit 1: 3 bedrooms / 1 bathroom Unit 2: 4 bedrooms / 1 bathroom Garden Apartment (non-conforming): 2 bedrooms / 1 bathroom All units are currently occupied on month-to-month leases, providing immediate income with the flexibility to adjust rents to market levels. Market comps suggest 3- and 4-bedroom units in the area rent between $1,700-$1,900/month, while the garden apartment is conservatively valued at $1,300/month. Perfect for investors seeking strong cash flow, rental upside, and a fully modernized property in one of Chicago's most actively revitalizing communities.

1839 S Drake Avenue, Chicago
$295,000
9 Beds ⋅ 6 Baths ⋅ 12455396 MLS ⋅ CLOSED Status
Add instant sweat equity to this oversized brick 3-flat with an unfinished basement in the heart of Lawndale. This property needs repairs but has excellent income potential. The building features large 3-bed, 1.5-bath units with formal dining rooms, spacious bedrooms, and eat-in kitchens. This is a must see! Sold as-is. No survey.

1839 S Komensky Avenue, Chicago
$775,000
9 Beds ⋅ 6 Baths ⋅ 12451411 MLS ⋅ CLOSED Status
Exceptional investment opportunity or owner-occupant gut rehabbed three flat located just steps from beautiful Douglass Park! Each of the three spacious units offer 3 bedrooms and 2 full bathrooms, thoughtfully designed with an open floor plan, hardwood flooring, and abundant natural light throughout. The expansive living and dining areas provide an ideal setting for both relaxing and entertaining. Modern kitchens are outfitted with stainless steel appliances, soft-close cabinetry, sleek stone countertops, and a convenient breakfast bar. Each primary suite features generous closet space and a contemporary en-suite bath with a European-style shower. Additional amenities include in-unit laundry and 3 exterior tandem parking spaces. Situated in a prime location near the Medical District, St. Anthony Hospital, Mount Sinai Hospital, West Loop, easy access to I-290 and I-55 this property combines style, comfort, and convenience. (pictures are of 1st floor unit, other units have the same finishes).

1246 S Fairfield Avenue, Chicago
$275,000
6 Beds ⋅ 2 Baths ⋅ 12441300 MLS ⋅ CLOSED Status
MULTIPLE OFFERS RECEIVED. HIGHEST & BEST DUE BY FRIDAY, AUGUST 15TH @ 5PM. Incredible opportunity to own a 2-flat in Chicago's West Garfield Park neighborhood! Whether you're an investor looking for rental income or an owner-occupant seeking to live in one unit and rent out the other, this property offers flexibility and potential. ***Each unit features 3 bedrooms, 1 full bath, kitchen, living room, dining room along with an enclosed back porch, and a dedicated furnace - ensuring separate utilities and added convenience. The top floor unit includes an additional bonus room perfect for a home office, playroom, or extra storage. ***The building is fully vacant by mid-September, making it easy for immediate occupancy or renovations. A full basement and backyard provide even more potential for expansion or outdoor enjoyment. ***Located near parks, schools, public transportation, and easy access to I-290, this property is ideal for commuters and investors alike. ***Live in one, rent the other - or rent both for strong income potential!***Property being sold As-Is. ***Schedule your showing today and explore the possibilities at 4119 W Harrison!

4119 W Harrison Street, Chicago
$160,000
6 Beds ⋅ 3 Baths ⋅ 12437984 MLS ⋅ CLOSED Status
Calling all rehabbers or builders looking for a project in North Lawndale area!!! All brick 3-flat with full unfinished walk out basement in need of complete rehab - fenced in backyard!!! All 3 units have living room - eat in kitchen - 2 bedrooms - full bathroom & rear porch. It is close to public transportation - CTA buses on ROOSEVELT & PULASKI ROAD and CICERO & 16TH AVENUE...BLUE LINE L-TRAIN on hwy 290 & Karlov Avenue - expressway - parks & fast food restaurants!!! Do not wait and make us an offer today!!!

1222 S Karlov Avenue, Chicago
$330,000
6 Beds ⋅ 3 Baths ⋅ 12369357 MLS ⋅ CLOSED Status
Rehab Ready. Home is being sold As-Is. Unit 1 is vacant and can be shown anytime. Family members live in other two units and can show with notice. Both 3 flat and lot next door for sale together. Bring your rehabbers and builders.

3718 W Polk Street, Chicago
$527,000
5 Beds ⋅ 2 Baths ⋅ 12426960 MLS ⋅ CLOSED Status
Welcome to 2437 W Taylor St, a beautifully remodeled 2 flat on Taylor street featuring stunning hardwood floors that add warmth and charm to every room. Perfectly suited for UIC students or anyone studying or working in the medical district, offering both comfort and convenience in an ideal location. Don't let this opportunity slip away. Schedule your showing today. Unit 1 is a 2 bedroom 1 bath rented for 2395 and Unit 2 is an open concept 3 bedroom 1 bath unit thats vacant and perfect for an owner occupant or a potential rental at 2695 bringing the potential gross income for the year to over 61K don't let this property slip away

2437 W Taylor Street, Chicago
$460,000
5 Beds ⋅ 3 Baths ⋅ 12423609 MLS ⋅ CLOSED Status
FOR SALE: Stunning 2-Unit Stone & Brick 2-Flat | Prime Location Near Pink Line. Welcome to this beautifully maintained stone, limestone & brick 2-flat in a highly desirable North Lawndale - just feet from the Pink Line and minutes from downtown! This spacious property features a total of 5 bedrooms & 3 full baths, ideal for both owner-occupants and investors alike. Property Highlights: Solid stone, limestone & brick construction. Newer roof (under 3 years old), newer windows throughout. First-floor duplex with the basement (currently rented, month-to-month). Second-floor unit is vacant and move-in ready. Each unit offers generous living space, full kitchens, and plenty of natural light. Unbeatable Location: Just steps from the Pink Line station. Easy access to multiple bus routes. Quick 10-minute train ride to downtown Chicago. Minutes from Rush Hospital, Stroger Hospital, and other major medical centers. Close to shopping, dining, and entertainment. Investment Potential: Perfect for an owner-occupant looking to live in one unit and rent the other. Current tenant is month-to-month - flexibility to re-rent, occupy both units, or set your own terms. Turnkey investment with strong rental income potential. Don't miss this opportunity to own a solid, well-maintained multi-unit property in an ultra-convenient location. Whether you're looking to house hack or expand your rental portfolio, this property checks all the boxes!

1939 S Sawyer Avenue, Chicago
$385,000
6 Beds ⋅ 3 Baths ⋅ 12417950 MLS ⋅ CLOSED Status
Beautiful large grey stone 2 flat, 3 good size bedrooms in each unit 1st floor tenant occupied, new bathroom, new kitchens, separate heating units, finished basement for related living, 3 parking spaces.

730 N Spaulding Avenue, Chicago
$468,000
9 Beds ⋅ 6 Baths ⋅ 12411722 MLS ⋅ CLOSED Status
Great investment opportunity in the hot North Lawndale area!!! Solid beautiful 3 flat featuring 3 bedroom/2 bath units. 2 units have been completely renovated with new kitchens, with quartz countertops, baths, windows, trim, HVAC upgrades, and paint. Brand new porch built last year with full permits. Tenants pay their own gas and electric. Each unit has laundry hook ups. Quiet building on a quiet block. This is a winner!

1224 S Harding Avenue, Chicago
$168,540
5 Beds ⋅ 2 Baths ⋅ 12410109 MLS ⋅ CLOSED Status
Previous buyers financing fell through and Back on the Market. Investor special or perfect for an owner-occupant ready to build equity! Solid brick 2-flat in North Lawndale with great bones and upside. The first-floor unit has 2 beds, 1 bath, and is occupied month to month. Collect rental income while you renovate. The vacant second-floor unit offers 3 beds, 1 bath, and is ready for your updates. Separate forced-air furnaces for each unit. Property needs work but offers strong potential for rental income or house hacking. Great location near schools, public transit, and major routes. Value-add opportunity in an appreciating area!

4036 W Lexington Street, Chicago
$660,000
11 Beds ⋅ 4 Baths ⋅ 12362367 MLS ⋅ CLOSED Status
Welcome to 1315 S Kolin Ave, a meticulously renovated brick multi-unit property in the heart of North Lawndale, offering the perfect blend of luxury, function, and income potential. This legal 3-flat features a fully finished 4th unit garden apartment, making it a 4-unit income-producing powerhouse-ideal for both investors and house hackers alike. Currently, the garden unit is leased at $1,800/month, while the three upper units are fully updated and available for immediate lease or occupancy. Live in one unit and rent out the other two for $1,800/month each, generating a total of $5,400/month in rental revenue-more than enough to cover your mortgage and household expenses. This is a golden opportunity to live affordably while building wealth through real estate. The renovation of this property was nothing short of miraculous-no detail was overlooked and no system untouched. Everything is brand new: electrical, plumbing, HVAC, roof, windows, kitchens, bathrooms, flooring, and finishes. Each of the three spacious 3-bedroom, 1-bath units features modern shaker cabinetry, sleek countertops, in-unit laundry, stainless steel appliances, and separate central air and heating systems-ensuring privacy and comfort for every resident with the fourth unit being a 2-bedroom, 1-bath unit with the same amenities. Outside, a new concrete parking pad accommodates multiple vehicles and is secured by a 6-foot privacy fence with a rolling gate. Located in the up-and-coming North Lawndale neighborhood, the property is close to public transit, parks, schools, and shopping. Whether you're an owner-occupant seeking to house hack or an investor looking for strong cash flow and a fully turn-key building, 1315 S Kolin Ave is a rare opportunity you don't want to miss.

1315 S Kolin Avenue, Chicago
$255,000
6 Beds ⋅ 2 Baths ⋅ 12378582 MLS ⋅ CLOSED Status
Discover an exceptional investment opportunity in the thriving North Lawndale neighborhood recently updated brick 2-flat. Each spacious 3-bedroom unit features newly installed hardwood floors and a host of modern improvements, including updated windows, a new roof, refreshed kitchens and bathrooms, plus updated electric, plumbing, and furnaces. Washer and Dryer located in basement. Conveniently located near public transportation, major expressways, and numerous local amenities-such as parks, schools, and shopping-this property offers the perfect blend of accessibility and neighborhood charm. North Lawndale's ongoing revitalization makes this a standout choice in one of Chicago's most exciting areas. Just one minute from the I-290 expressway, you can reach downtown Chicago in 10 minutes and beautiful Lake Michigan in 15. Don't miss your chance to own this income-producing gem! Schedule a showing today!

3926 W Flournoy Street, Chicago
$557,500
12 Beds ⋅ 6 Baths ⋅ 12364112 MLS ⋅ CLOSED Status
Welcome to this well-maintained three-flat building nestled in the heart of the North Lawndale neighborhood. This classic brick 3 flat has been well maintained and is income producing. All 3 floors boasts 4 bedrooms and 1.5 bathrooms. Possible to add shower and make this 4 beds and 2 bath in each unit. Each unit comes with a refrigerator and stove plus, a FULL basement giving you endless possibilities for expansion. Perfect for a savvy investor or an owner occupied Home can also be sold as a package deal with identical to this one. 3118 W. DOUGLAS BLVD. Many upgrades has been done within past last year. Don't miss the opportunity to own this amazing three-flat building on the West Side of Chicago. Whether you're looking for a comfortable home or a sound investment, this property offers the perfect blend of charm and convenience. Schedule a showing today! Photos are from both buildings 3116 and 3118 Douglas blvd

3116 W Douglas Boulevard, Chicago
$550,000
12 Beds ⋅ 6 Baths ⋅ 12364014 MLS ⋅ CLOSED Status
Welcome to this well-maintained three-flat building nestled in the heart of the North Lawndale neighborhood. This classic brick 3 flat has been well maintained and is income producing. All 3 floors boasts 4 bedrooms and 1.5 bathrooms. Possible to add shower and make this 4 beds and 2 bath in each unit. Each unit comes with a refrigerator and stove plus, a FULL basement giving you endless possibilities for expansion. Perfect for a savvy investor or an owner occupied Home can also be sold as a package deal with identical to this one. 3116 W. DOUGLAS BLVD. Many upgrades has been done within past last year. Don't miss the opportunity to own this amazing three-flat building on the West Side of Chicago. Whether you're looking for a comfortable home or a sound investment, this property offers the perfect blend of charm and convenience. Schedule a showing today! Photos are from both buildings 3116 and 3118 Douglas blvd

3118 W Douglas Boulevard, Chicago
$555,000
6 Beds ⋅ 3 Baths ⋅ 12354728 MLS ⋅ CLOSED Status
Amazing gut-rehab 2-flat on a double lot in Austin. This property was gutted to the studs and everything is brand new with full plans and permits. Such great curb appeal on this fully fenced in property with a charming covered front porch and landscaping. The first floor and basement are a duplex-down unit with 3 bedrooms and 2 bathrooms. Enjoy and open concept style living with large entertaining areas on both floors. The kitchen is beautiful with quartz countertops, stainless steel appliances, and a large island. The unit is very bright; with natural light coming in through the brand new windows via the side yard. There is a large laundry/utility room in the basement with washer & dryer and extra storage. Upstairs is a 3 bedroom 1 bathroom apartment. Beautiful kitchen, in-unit laundry, lots of natural light, and a private rear deck make this a great rental or owner-occupied opportunity. Outside is a 2 car garage with extra storage. The rear deck and exterior walkways are all new. Enjoy the freshly sodded and landscaped back yard. The side yard is amazing; a fully fenced in space for your outdoor enjoyment or future expansion. All new plumbing, water service, electrical, and HVAC systems. Truly an amazing property.

709 N Leamington 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
$240,000
10 Beds ⋅ 5 Baths ⋅ 12346378 MLS ⋅ CLOSED Status
***Asking price is only $249,900 - Estimated After-Repair-Value is $677,000*** Incredible opportunity to own a legal 2-flat with a bonus garden apartment in the rapidly developing East Garfield Park (Tri-Taylor) neighborhood-steps from the Western Blue Line, 15 minutes to UIC via I-290, and surrounded by new construction, including the $7B "1901 Project" near the United Center that's set to transform the area with thousands of new residences, parks, retail, and entertainment. The property features a new back porch (2021). The propery is fully vacant! Zoned RM-5 and located in the West ADU zone, it qualifies for conversion into a legal 3-unit under the City's ADU Ordinance-unlocking major value and rental income potential. Renovated 2-units in the area have recently sold for an average of $546,000, while a full 3-unit conversion pushes the estimated after-repair value to $677,000. Renovated 3-4 bedroom apartments in this neighborhood rent for $2,916-$2,974/month, creating a projected rental income of nearly $9,000/month when fully occupied. Whether you're an investor looking for cash flow or an owner-occupant hoping to "house hack" by living in one unit and letting the other two cover most-if not all-of your expenses, this is a smart buy with serious upside. Excellent candidate for an FHA 203k renovation loan-bring your vision and build equity from day one. ***The property is fully vacant***

2737 W Congress Parkway, Chicago
$345,000
6 Beds ⋅ 2 Baths ⋅ 12338577 MLS ⋅ CLOSED Status
Classic Greystone 2 Flat in North Lawndale neighborhood. 3 Bedrooms One Bath in both units, Unfinished basement with space for future expansion. New Roof and New Concrete walkway to front door ..stairs were repaired. Individual furnace, New Carpeting thru out on 2nd Floor, Luxury vinyl on 1st floor. Halls and units have been freshly painted...Bath rooms updated The property has been very well maintained. Great opportunity to own a 2 flat on a beautiful well maintained block, walking distance to train and nearby shopping. Long term Tenant in place offering immediate rental income. Perfect for 1st Time homeowner or for a investor to reimagine the space for profit.

4134 W 21St Place, Chicago



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