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43 Properties Within 0.5 miles of: 1621 S Lawndale, Chicago

1621 S Lawndale
Chicago, IL 60623

  • Built In 1905
Price

$715,948

Est Payment
$3,957 / month (details)  
Taxes
$4,087  
Type
Multi Family 5+  
Sq. Ft.
n/a  
Lot Size
24X125  
Built
1905  
Neighborhood
Lawndale  
MLS
#12691459
Status
Active (0 days)

Property Description

Exceptional opportunity to acquire a fully renovated, six-unit multifamily investment in the heart of North Lawndale. This turnkey brick greystone features an attractive unit mix of three spacious 3-bedroom/1-bath apartments and three 2-bedroom/1-bath apartments, totaling 18 bedrooms designed to meet strong family rental demand. Delivered vacant, the property offers investors a rare opportunity to lease at current market rents from day one with complete control over tenant selection, lease terms, and property management. The building has been extensively updated with modern kitchens, renovated bathrooms, new flooring, fresh finishes, and improvements throughout, allowing a new owner to focus on lease-up rather than renovations. The unfinished basement offers additional storage and potential value-add opportunities, subject to buyer verification and municipal approval. Located in one of Chicago's emerging investment corridors, the property is conveniently positioned near Little Village, Pilsen, CTA transit, I-290, major healthcare employers, parks, and neighborhood amenities. Whether expanding an existing portfolio, completing a 1031 exchange, or acquiring a stabilized-quality asset ready for immediate lease-up, this property presents an outstanding opportunity for long-term cash flow and appreciation. A comprehensive Offering Memorandum, including projected market rents, financial analysis, renovation details, and due diligence materials, is available upon request.

Property Map

Property Details

Utilities

  • Heating
  • Cooling None
  • Water Municipal Water
  • Sewer

Additional Information

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Principal & Interest
$0
Property Tax
$0
Assessments
$0
Home Insurance
$0
Mortgage Insurance
$0

Listing History

06-29-2026 Listed at $715,948
Last Modified 6/29/26 3:28 PM

Nearby Transportation

  • Bus 18 < 0.1 mi
  • Bus 82 0.1 mi
  • Bus 157 0.3 mi
  • Bus 53 0.4 mi
  • Bus 21 0.5 mi
  • Bus 12 0.5 mi
  • Bus 52 0.6 mi
  • Bus 60 1.0 mi
  • Bus 7 1.0 mi
  • Bus 94 1.1 mi
  • Bus 126 1.1 mi
  • Bus 54B 1.2 mi
  • Pink Line 0.3 mi
  • Blue Line 1.2 mi
  • I 290 East 1.1 mi
  • I 290 West 1.1 mi
  • I 55 South 2.1 mi
  • I 55 North 2.1 mi
  • I 90 East 3.7 mi
  • I 94 East 3.7 mi
  • I 90 West 3.8 mi
  • I 94 West 3.8 mi
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