1621 S Lawndale Avenue Chicago, IL $ 715,948
1621 S Lawndale Avenue
$ 715,948
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1621 S Lawndale Avenue

Chicago, IL, 60623
$ 715,948
Bedrooms5 Baths0.0

Monthly Estimate*

$ 4,521

1621 S Lawndale Avenue, Chicago, IL 60623 - Image 1
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Multi-Family Home for sale in Chicago, IL

for $715,948 with 5 bedrooms. This home was built in 1905 on a lot size of 0.068871.

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.

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Multi-Family Active

Price

$ 715,948

Bedrooms

5

Property Type

Multi-Family

Taxes

$ 4,087

Style

Multi-Family

Lot Size

0.068871

Year Built

1905

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12691459

Features
General
Cooling None
Utilities Sewer Connected
Zoning MULTI
Construction Materials Brick
Year Built 1905
Electric None
Tenant Pays None
Stories Count 3
Tax Year 2023
Current Use Multi-Family
Gross Income 0
County Cook
Net Operating Income 0
Operating Expense 0
Insurance Expense 0
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 0
Status New
Directions 16th Street E/W to Lawndale South to Address
City Chicago
Number Of Units Total 6
MLS Area CHI - North Lawndale
Lot Size Square Feet 3000
Tax Annual Amount 4087.49
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Virtual Tour https://properties.sparkmediachicago.com/1621-S-Lawndale-Ave-Chicago-IL-60623-USA?mls=
Standard Status Active
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Interior
Basement Unfinished
Total Fireplaces 0
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Exterior
Water Source Municipal Water
Foundation Details Brick/Mortar
Lot Dimensions 24X125
Frontage Type City Street
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* Excluded Features
List By
Keller Williams Onechicago

Broker

christopheranthony@kw.com;ChristopherAnthony@kw.com

Email

Affordability Calculator

$4,861
Per Month
93%
7%
0%
Monthly Principal & Interest
$4,521
Monthly Property Taxes
$341
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
6/29/2026$715,948 Listed Price

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1621 S Lawndale Avenue, Chicago, IL, 60623 is a Multi-Family Home for sale at $715,948 with a lot size of 0.068871. 1621 S Lawndale Avenue has 5 bedrooms, 0.0 baths, and was built in 1905. The property's zip code is 60623 which is in Chicago, IL