3516 W 13th Place Chicago, IL $ 725,000
3516 W 13th Place
$ 725,000
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3516 W 13th Place

Chicago, IL, 60623
$ 725,000
Bedrooms5 Baths0.0

Monthly Estimate*

$ 4,464

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Multi-Family Home for sale in Chicago, IL

for $725,000 with 5 bedrooms. This home was built in 1905.

Turnkey 6-unit greystone in North Lawndale, directly facing a public park, offering a 9-cap rate with clear upside in rents. Fully gut renovated just three years ago with new electrical, plumbing, HVAC, roof, and modern finishes throughout. Units feature updated kitchens with laminate countertops, stainless steel appliances, renovated baths, and new flooring. The building's prime location offers tenants unobstructed park views, immediate access to green space and recreational amenities, and convenient access to public transportation and neighborhood conveniences. A rare opportunity to acquire a stabilized, income-producing asset with strong growth potential in a rapidly improving submarket.

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Multi-Family Active

Price

$ 725,000

Bedrooms

5

Property Type

Multi-Family

Taxes

$ 10,889

Style

Year Built

1905

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12599132

Features
General
Cooling Central Individual
Year Built 1905
Electric Circuit Breakers
Tenant Pays Air Conditioning Electricity Heat Hot Water
Stories Count 3
Tax Year 2024
Gross Income 94800
County Cook
Net Operating Income 60436
Operating Expense 34364
Insurance Expense 5500
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 4800
Status Active
Directions Head west to the property from downtown.
City Chicago
Number Of Units Total 6
MLS Area CHI - North Lawndale
Tax Annual Amount 10889.07
Electric Expense 375
Fuel Expense 0
Trash Expense 1800
Water Sewer Expense 3200
Additional Parcels Y/N N
Standard Status Active
Cap Rate 9
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Exterior
Lot Dimensions 50x100
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* Excluded Features
List By
Forte Properties, Inc.

Broker

fortesaleschicago@gmail.com

Email

Affordability Calculator

$5,371
Per Month
83%
17%
0%
Monthly Principal & Interest
$4,464
Monthly Property Taxes
$907
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.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/1/2026$725,000 Listed Price

Map


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3516 W 13th Place, Chicago, IL, 60623 is a Multi-Family Home for sale at $725,000. 3516 W 13th Place has 5 bedrooms, 0.0 baths, and was built in 1905. The property's zip code is 60623 which is in Chicago, IL