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.
Property Details
Price:
$800,000
MLS #:
MRD12774264
Status:
Active
Beds:
8
Baths:
6
Type:
Multi Family
Neighborhood:
chinorthlawndale
Listed Date:
Oct 1, 2026
Year Built:
1916
See this Listing
Schools
School District:
299
Interior
Heating
Natural Gas, Forced Air
Exterior
Construction Materials
Brick
Parking Features
Yes
Parking Spots
3
Parking Total
3
Financial
Tax Year
2023
Taxes
$2,329
Map
Community
- Address1856 S Avers Avenue Chicago IL
- CityChicago
- CountyCook
- Zip Code60623
Market Summary
Current real estate data for Multi Family in Chicago as of Oct 05, 2026
1,358
Multi Family Listed
78
Avg DOM
$528,811
Avg List Price
Property Summary
- 1856 S Avers Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60623. It is listed for $800,000
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Copyright 2026. All rights reserved.
1856 S Avers Avenue
Chicago, IL


