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1856 S Avers Avenue Chicago, IL $ 800,000
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1856 S Avers Avenue
$ 800,000
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1856 S Avers Avenue

Chicago, IL, 60623
$ 800,000
Bedrooms8 Baths6.0 Sq 4,400

Monthly Estimate*

$ 5,051

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Multi-Family Home for sale in Chicago, IL

for $800,000 with 8 bedrooms and 6 full baths. This 4,400 square foot home was built in 1916.

Completely gut-rehabbed brick 3-flat featuring an oversized unit mix rarely found in today's market. Renovated in 2022, this turn-key investment consists of two spacious 3 bed/2 bath units and one 2 bed/2 bath unit, all featuring updated kitchens, stainless steel appliances, modern finishes, individual HVAC systems, and strong tenant appeal. The property generates approximately $82,200 in annual gross income with additional upside through rent growth and the potential to convert the lower level into a garden unit. Additional amenities include common laundry, three parking spaces, and low-maintenance mechanical systems. An ideal opportunity for investors seeking immediate cash flow, minimal capital expenditures, and long-term appreciation potential in the growing Lawndale market.

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Multi-Family Active

Price

$ 800,000

Bedrooms

8

Full Bath

6

Property Type

Multi-Family

Taxes

$ 2,329

Style

Year Built

1916

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12774264
Features
General
Sewer Public Sewer
Heating Natural Gas Forced Air
Possession Closing
Construction Materials Brick
Year Built 1916
Township South Chicago
Tax Year 2023
Ownership Fee Simple
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 18
Status New
Directions From I-55 exit at Pulaski Rd and head north to 19th Street. Proceed east to Avers Avenue and continue north to the property at 1856 S Avers Ave. Property is located on the east side of Avers Avenue b
City Chicago
High School District 299
MLS Area CHI - North Lawndale
Tax Annual Amount 2329
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Partially Finished Full
Total Bedrooms 8
Total Baths 6
Bedrooms Possible 8
Full Baths Building 6
Half Baths Building 0
Total Number of Units 3
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Exterior
Parking Features Yes
Water Source Public
Total Parking 3
Lot Dimensions 30 X 129.39
Waterfront Y/N N
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* Excluded Features
List By
Chicago Real Estate Resources

Broker

ianl@crer.com

Email

Affordability Calculator

$5,245
Per Month
96%
4%
0%
Monthly Principal & Interest
$5,051
Monthly Property Taxes
$194
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
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/1/2026$800,000 Listed Price

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1856 S Avers Avenue, Chicago, IL, 60623 is a Multi-Family Home for sale at $800,000 with 4,400 sqft. 1856 S Avers Avenue has 8 bedrooms, 6.0 baths, and was built in 1916. The property's zip code is 60623 which is in Chicago, IL

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