328 N Lockwood Avenue
Chicago, IL, 60644 $ 499,900
Bedrooms2 Baths2.0 Monthly Estimate*
$ 3,078
for $499,900 with 2 bedrooms and 2 full baths. This home was built in 1890.
Experience TIMELESS ELEGANCE and CONTEMPORARY LUXURY in this IMPECCABLY RENOVATED two-unit property, thoughtfully redesigned with PREMIUM MATERIALS and SOPHISTICATED FINISHES. Wrapped in durable and stylish HARDIE BOARD SIDING, this home seamlessly blends MODERN DESIGN with ENDURING QUALITY. The MAIN DUPLEX-DOWN UNIT offers two expansive levels of REFINED LIVING. The main floor showcases a STUNNING OPEN-CONCEPT LAYOUT with a DESIGNER KITCHEN that flows effortlessly into the living and dining spaces - perfect for both ENTERTAINING and EVERYDAY LIVING. Two serene bedrooms, including one with a CUSTOM WALK-IN CLOSET, and a beautifully appointed full bath complete this level. The lower level expands the home's livable space with a SPACIOUS RECREATION ROOM, three additional bedrooms, a full bath, and CONVENIENT EXTERIOR ACCESS - ideal for guests, extended family, or a private home office. The SECOND UNIT mirrors the same attention to detail, featuring a FULL MODERN KITCHEN, a bright and inviting LIVING ROOM, three generous bedrooms, and a STYLISH FULL BATH - an exceptional opportunity for ADDITIONAL INCOME or LUXURY MULTIGENERATIONAL LIVING. Every element of this property reflects a COMMITMENT TO QUALITY: NEW WATER, ELECTRIC, AND GAS SERVICE, DRAIN TILE WITH SUMP PUMP, NEW ROOF, WINDOWS, AND FRAMING, a NEWLY BUILT PORCH, and METICULOUSLY DESIGNED LANDSCAPING that enhances the home's CURB APPEAL. Whether you're an OWNER-OCCUPANT SEEKING ELEGANCE AND COMFORT or an INVESTOR PURSUING A TURNKEY OPPORTUNITY, this exceptional property offers the perfect blend of SOPHISTICATION, VERSATILITY, AND PEACE OF MIND. INSTANT MONEYMAKER - APPROX. 10.3% ROI - A RARE OFFERING OF STYLE AND SUBSTANCE.
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FeaturesGeneralSewer Public Sewer
Heating Natural Gas
Possession Closing
Roof Asphalt
Construction Materials Vinyl Siding
Year Built 1890
Township West Chicago
Tax Year 2024
Ownership Fee Simple
Gross Income 58800
County Cook
Net Operating Income 51578
Insurance Expense 3000
New Construction N
Property Type Residential Income Two to Four Units
Contingency Other Contingency
Total Rooms 4
Status Contingent
Directions Located on Lockwood Ave between Washington Blvd (South) and Franklin Blvd (North) in the Austin neighborhood of Chicago's West Side.
City Chicago
High School District 299
MLS Area CHI - Austin
Elementary School Ellington Elementary School
Tax Annual Amount 1818
Electric Expense 240
Fuel Expense 0
Middle/Junior High School Ellington Elementary School
Water Sewer Expense 2400
Standard Status Active Under Contract
Middle/Junior School District 299
Elementary School District 299
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InteriorBasement None
Total Bedrooms 2
Total Baths 2
Bedrooms Possible 2
Full Baths Building 2
Half Baths Building 0
Total Number of Units 2
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ExteriorExterior Amenities Balcony
Water Source Lake Michigan Public
Total Parking 0
Lot Dimensions 40 x 126
Waterfront Y/N Y
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* Excluded FeaturesList ByJRE@JarekRealEstate.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,078
- Monthly Property Taxes
- $152
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Chicago, IL
Average List Price $587,094
Percent of Sale Price 17%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
4715147 Elementary School
4715147 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 12/12/2025 | $499,900 | | Listed Price |