1541 S Tripp Avenue Chicago, IL $ 415,000
1541 S Tripp Avenue
$ 415,000
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1541 S Tripp Avenue

Chicago, IL, 60623
$ 415,000
Bedrooms5 Baths2.0

Monthly Estimate*

$ 2,620

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Multi-Family Home for sale in Chicago, IL

for $415,000 with 5 bedrooms and 2 full baths. This home was built in 1907.

Welcome to this classic brick 2-unit that offers an excellent opportunity for investors, owner-occupants, or buyers looking to add a multi-family property to their portfolio. The existing layout offers a 2-bedroom/1-bath first-floor duplex unit with 2 additional rooms, a bathroom, and kitchen area in the basement. There is also a 2 bedroom/1 bath located on the second-floor unit, creating flexibility for rental income. This 2-unit features a fully finished basement with plenty of storage and large backyard. Located in the Lawndale neighborhood, the property is surrounded by a vibrant residential community known for its neighborhood businesses, restaurants, markets, and the popular 26th Street commercial corridor. The location also provides access to schools, parks, public transportation, and major Chicago roadways, making it a practical location for residents and commuters. Lawndale is a well-established West Side of Chicago community with a distinctive neighborhood atmosphere, a diverse mix of housing, a thriving local business scene, and new development all around! Whether you're looking for a live-in investment, a rental property, or an opportunity to renovate with your finishing touches and add value, this property offers the fundamentals of a classic Chicago 2-unit in a highly recognizable neighborhood. Bring your vision and explore the possibilities this property has to offer. Schedule a private showing today!

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Multi-Family Active

Price

$ 415,000

Bedrooms

5

Full Bath

2

Property Type

Multi-Family

Taxes

$ 1,693

Style

Year Built

1907

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12743739

Features
General
Sewer Public Sewer
Heating Natural Gas Forced Air Radiator(s)
Possession Closing
Construction Materials Brick
Year Built 1907
Township West Chicago
Tax Year 2023
Ownership Fee Simple
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 11
Status New
Directions W 16th St to S Tripp Ave
City Chicago
High School District 299
MLS Area CHI - North Lawndale
Tax Annual Amount 1693
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Unfinished Full
Total Bedrooms 5
Total Baths 2
Bedrooms Possible 5
Full Baths Building 2
Half Baths Building 0
Total Number of Units 2
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Exterior
Water Source Public
Total Parking 0
Lot Dimensions 4711
Waterfront Y/N N
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* Excluded Features
List By
Keller Williams Onechicago

Broker

rashaunascott@kw.com

Email

Affordability Calculator

$2,761
Per Month
95%
5%
0%
Monthly Principal & Interest
$2,620
Monthly Property Taxes
$141
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
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/28/2026$415,000 Listed Price

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1541 S Tripp Avenue, Chicago, IL, 60623 is a Multi-Family Home for sale at $415,000. 1541 S Tripp Avenue has 5 bedrooms, 2.0 baths, and was built in 1907. The property's zip code is 60623 which is in Chicago, IL