1621 S Lawndale Avenue
Chicago, IL, 60623
$715,948
5 Beds
2 Baths
0 SqFt
0 Acres
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MLS #MRD12754144 image #0
Exceptional opportunity to acquire a fully renovated six-unit brick multifamily property in Chicago’s North Lawndale neighborhood. Situated on a 24 125 lot, the building offers approximately over 5000 SQF of a desirable unit mix of five 2-bedroom/1-bath apartments and one 3-bedroom/1-bath apartment. Delivered vacant, the building gives its next owner immediate control over tenant selection, lease terms, and management while providing the opportunity to lease each apartment at current market rents. Improvements include modern kitchens, renovated bathrooms, updated flooring, fresh finishes, and upgrades throughout. The unfinished basement provides additional storage and potential future value-add opportunities, subject to buyer due diligence and municipal approval. Conveniently located near CTA transportation, I-290, Little Village, Pilsen, parks, neighborhood amenities, and major employment centers. Ideal for an investor expanding a multifamily portfolio, completing a 1031 exchange, or seeking a renovated asset positioned for immediate lease-up. Offering Memorandum, projected rents, financial analysis, renovation information, and additional due-diligence materials are available upon request.

Property Details

Price:
$715,948
MLS #:
MRD12754144
Status:
Active
Beds:
5
Baths:
2
Type:
Commercial
Neighborhood:
chinorthlawndale
Listed Date:
Sep 8, 2026
Total Sq Ft:
5,364
Year Built:
1905
Chi – North LawndaleChinorthlawndale

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Schools

Interior

Cooling
None

Exterior

Construction Materials
Brick
Stories
3

Financial

Tax Year
2023
Taxes
$4,087

Map

Community

Market Summary

Current real estate data for Commercial in Chicago as of Oct 06, 2026
895
Commercial Listed
184
Avg DOM
$1,016,745
Avg List Price

Property Summary

    1621 S Lawndale Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60623. It is listed for $715,948

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