Great investment opportunity in Chicago’s North Lawndale neighborhood! Newer-construction, legal 3-flat built in 2007 and fully occupied, offering immediate rental income from day one. Each spacious unit features 3 bedrooms, 2 full bathrooms, in-unit laundry, and nicely updated interiors. All three units have separate utilities, with tenants responsible for heat, gas, and electricity; owner pays water only. A solid opportunity for investors looking for an income-producing property with established tenants and minimal work needed. Take ownership and start enjoying the cash flow!
Property Details
Price:
$599,000
MLS #:
MRD12746844
Status:
Active
Beds:
9
Baths:
6
Type:
Multi Family
Neighborhood:
chinorthlawndale
Listed Date:
Aug 31, 2026
Year Built:
2007
See this Listing
Schools
School District:
299
Interior
Heating
Natural Gas
Exterior
Community Features
Street Lights, Street Paved
Construction Materials
Brick, Block
Parking Features
Yes, Owned
Parking Spots
3
Parking Total
3
Patio And Porch Features
Porch
Roof
Asphalt
Financial
Maintenance Fee
$600
Tax Year
2025
Taxes
$7,712
Map
Community
- Address1632 S Homan Avenue Chicago IL
- CityChicago
- CountyCook
- Zip Code60623
Market Summary
Current real estate data for Multi Family in Chicago as of Oct 08, 2026
1,364
Multi Family Listed
76
Avg DOM
$529,281
Avg List Price
Property Summary
- 1632 S Homan Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60623. It is listed for $599,000
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Copyright 2026. All rights reserved.
1632 S Homan Avenue
Chicago, IL


