1856 S Avers Avenue
Chicago, IL, 60623
$800,000
8 Beds
6 Baths
0 SqFt
0 Acres
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MLS #MRD12774264 image #0
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
Chi – North LawndaleChinorthlawndale

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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

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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