1509 N Avers Avenue Chicago, IL $ 1,169,000
1509 N Avers Avenue
$ 1,169,000
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1509 N Avers Avenue

Chicago, IL, 60651
$ 1,169,000
Bedrooms8 Baths0.0

Monthly Estimate*

$ 7,198

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Multi-Family Home for sale in Chicago, IL

for $1,169,000 with 8 bedrooms. This home was built in 1920 on a lot size of 0.13.

Triton Realty is proud to present a rehabbed 6-unit multifamily building at 1507 N Avers in Humboldt Park. This center-entrance property offers an excellent investment opportunity in one of Chicago's high-demand rental markets. The building features five legal units plus one non-conforming sixth unit and has been completely updated throughout with modern finishes. Each unit boasts updated kitchens with stainless steel appliances, white shaker cabinets, and elegant quartz countertops, along with beautiful hardwood flooring and fully rehabbed bathrooms featuring classic subway tile. The spacious layouts include four 3-bedroom 1-bath units, one 4-bedroom 1-bath unit, and one 1-bedroom 1-bath unit. Additional updates included new electrical throughout with in unit panel, copper plumb ing and newer boiler. Additional tenant appeal comes from the private back decks off the rear of the units, while rear-lot parking provides convenient extra income potential. Centrally located with easy access to Humboldt Park and public transportation, this turnkey multifamily property is ideal for investors seeking strong cash flow and long-term value in this up-and-coming Chicago neighborhood.

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Multi-Family Active

Price

$ 1,169,000

Bedrooms

8

Property Type

Multi-Family

Taxes

$ 14,709

Style

Lot Size

0.13

Year Built

1920

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12651355

Features
General
Cooling Window Unit(s)
Year Built 1920
Tenant Pays Electricity
Stories Count 3
Township West Chicago
Tax Year 2024
Gross Income 128400
County Cook
Net Operating Income 76905
Operating Expense 45075
Insurance Expense 4500
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 2100
Status New
Directions Property sits south of North Ave
City Chicago
Number Of Units Total 6
MLS Area CHI - Humboldt Park
Lot Size Square Feet 6076
Tax Annual Amount 14709
Electric Expense 541
Fuel Expense 7639
Trash Expense 1686
Water Sewer Expense 3600
Additional Parcels Y/N N
Standard Status Active
Cap Rate 6.58
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Exterior
Lot Dimensions 51 X 120
Lot Size Acres 0.13
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* Excluded Features
List By
Triton Realty Group Llc

Broker

alex.summers1424@gmail.com

Email

Affordability Calculator

$8,423
Per Month
85%
15%
0%
Monthly Principal & Interest
$7,198
Monthly Property Taxes
$1,226
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
6/3/2026$1,169,000 Listed Price

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1509 N Avers Avenue, Chicago, IL, 60651 is a Multi-Family Home for sale at $1,169,000 with a lot size of 0.13. 1509 N Avers Avenue has 8 bedrooms, 0.0 baths, and was built in 1920. The property's zip code is 60651 which is in Chicago, IL