Listing provided courtesy of Keller Williams ONEChicagoMREDas Distributed by MLSGrid- MLS# 12691459MLS Provider

1621 S Lawndale AvenueChicago, IL 60623

Commercial · 5 Beds
$715,948 New

1621 S Lawndale Avenue Overview

Time on Site:
9 hours
Visits:
0

Exceptional opportunity to acquire a fully renovated, six-unit multifamily investment in the heart of North Lawndale. This turnkey brick greystone features an attractive unit mix of three spacious 3-bedroom/1-bath apartments and three 2-bedroom/1-bath apartments, totaling 18 bedrooms designed to meet strong family rental demand. Delivered vacant, the property offers investors a rare opportunity to lease at current market rents from day one with complete control over tenant selection, lease terms, and property management. The building has been extensively updated with modern kitchens, renovated bathrooms, new flooring, fresh finishes, and improvements throughout, allowing a new owner to focus on lease-up rather than renovations. The unfinished basement offers additional storage and potential value-add opportunities, subject to buyer verification and municipal approval. Located in one of Chicago's emerging investment corridors, the property is conveniently positioned near Little Village, Pilsen, CTA transit, I-290, major healthcare employers, parks, and neighborhood amenities. Whether expanding an existing portfolio, completing a 1031 exchange, or acquiring a stabilized-quality asset ready for immediate lease-up, this property presents an outstanding opportunity for long-term cash flow and appreciation. A comprehensive Offering Memorandum, including projected market rents, financial analysis, renovation details, and due diligence materials, is available upon request.

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1621 S Lawndale Avenue Facts & Features

  • Type Commercial

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Income: 0
  • Gross Scheduled Income: 0
  • Insurance Expense: 0
  • Maintenance Expense: 0
  • Net Operating Income: 0
  • Operating Expense: 0
  • Trash Expense: 0
  • Water Sewer Expense: 0

Building Information

  • Year Built: 1905

Business Information

  • Current Use: Multi-Family

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - North Lawndale

Rent/Lease Information

  • Tenant Pays: None

Tax Information

  • Tax Annual Amount: $4,087.49
  • Tax Year: 2023

General Information

  • Parcel Number: 16233060070000
  • Property Type: Commercial Sale
  • Zoning: MULTI

Interior

General Information

  • Basement: Unfinished
  • Cooling: None
  • Electric: None
  • Fireplaces Total: 0
  • Foundation Details: Brick/Mortar
  • Stories: 3

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street
  • Lot Size Dimensions: 24X125
  • Lot Size Square Feet: 3000
  • Water Source: Municipal Water

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Number Of Units Total: 6
  • Utilities: Sewer Connected

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Beds Total: 3
  • Baths Total: 1
  • Units Total: 3

Unit 2 Details

  • Unit Type: Unit 2
  • Beds Total: 2
  • Baths Total: 1
  • Units Total: 3

Unit 3 Details

  • Unit Type: Unit 3
  • Beds Total: 0
  • Units Total: 0

Unit 4 Details

  • Unit Type: Unit 4
  • Beds Total: 0
  • Units Total: 0

Unit 5 Details

  • Unit Type: Unit 5
  • Beds Total: 0
  • Units Total: 0

Unit 6 Details

  • Unit Type: Unit 6
  • Beds Total: 0
  • Units Total: 0

Unit 7 Details

  • Unit Type: Unit 7
  • Beds Total: 0
  • Units Total: 0

1621 S Lawndale Avenue Neighborhood

Community

60623 (Chicago) Demographics

33
Median Age
14,242
Population Density (per sq. mile)
17%
College Educated
$34,714
Estimated Median Income
9,269
Estimated Total Home Owners
16,477
Estimated Total Renters
36% / 64%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1621 S Lawndale Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1621 S Lawndale Avenue Market Data

Based on the last 30 days in this zip code

$338,447
Average List Price
$200
Average Price per Square Foot
6
Properties Sold
77
Average Days on Market
25
Properties for Sale
Calculations provided by Reliance Network

1621 S Lawndale Avenue History

Date Event Value Agent
6/29/2026Source: MRED Added to Database
June 29, 2026