25
See all 25 photos
$800,000
Est. payment /mo
8 Beds
6 Baths
New
1856 S Avers AVE Chicago, IL 60623
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Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12774264
Bedrooms 8
Year Built 1916
Annual Tax Amount $2,329
Tax Year 2023
Lot Dimensions 30 X 129.39
Property Sub-Type Two to Four Units
Property Description
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.
Location
State IL
County Cook
Area Chi - North Lawndale
Rooms
Basement Partially Finished, Full
Interior
Heating Natural Gas, Forced Air
Fireplace N
Building
Dwelling Type Two to Four Units
Building Description Brick, No
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Ian Luscombe of Chicago Real Estate Resources
NEARBY SCHOOL & BUSINESS
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Molly Mekus
Realtor IA S64880000IL 475.172617
5525 Meredith Drive Suite E, Moines, IA 50310, United States