


1621 S Lawndale AvenueChicago, IL 60623
Commercial · 5 Beds1621 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.
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
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
1621 S Lawndale Avenue Market Data
Based on the last 30 days in this zip code
1621 S Lawndale Avenue History
| Date | Value | Agent |
|---|---|---|
| 6/29/2026Source: MRED | June 29, 2026 |




















