1856 S Avers AVE, Chicago, IL 60623
1856 S Avers AVE, Chicago, IL 60623
1856 S Avers AVE, Chicago, IL 60623
1856 S Avers AVE, Chicago, IL 60623
1856 S Avers AVE, Chicago, IL 60623
1856 S Avers AVE, Chicago, IL 60623
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$ 800,000
Est. payment | /mo

8 Beds

6 Baths


Save
$ 800,000
Est. payment | /mo
Save

8 Beds

6 Baths

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12774264

Bedrooms 8

Year Built 1916

Annual Tax Amount $2,329

Tax Year 2023

Lot Dimensions 30 X 129.39

Property Sub-Type Two to Four Units

Property Description

Completely gut-rehabbed brick 3-flat featuring an oversized unit mix rarely found in today's market. Renovated in 2022, this turn-key investment consists of two spacious 3 bed/2 bath units and one 2 bed/2 bath unit, all featuring updated kitchens, stainless steel appliances, modern finishes, individual HVAC systems, and strong tenant appeal. The property generates approximately $82,200 in annual gross income with additional upside through rent growth and the potential to convert the lower level into a garden unit. Additional amenities include common laundry, three parking spaces, and low-maintenance mechanical systems. An ideal opportunity for investors seeking immediate cash flow, minimal capital expenditures, and long-term appreciation potential in the growing Lawndale market.

Location

State IL

County Cook

Area Chi - North Lawndale

Rooms

Basement Partially Finished, Full

Interior

Heating Natural Gas, Forced Air

Fireplace N

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Midwest Real Estate Data (MRED) IDX
Listed by Ian Luscombe of  Chicago Real Estate Resources 

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Nicholas Rhoads

Nicholas Rhoads

Broker License ID: 475200895

+1(815) 520-4782

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1856 S Avers AVE