1856 S Avers Avenue, Chicago, IL 60623

Chicago
Local realty services provided by:Better Homes and Gardens Real Estate Connections
1856 S Avers Avenue,Chicago, IL 60623
$800,000
  • 8 Beds
  • 6 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: ian luscombe
Office: chicago real estate resources
MLS#:12774264
Source:MLSNI

Price summary

  • Price:$800,000

About this home

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.

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Home facts

  • Year built:1916
  • Listing ID #:12774264
  • Updated:October 07, 2026 at 12:20 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:6
  • Full bathrooms:6
  • Rooms Total:18
  • Basement Description:Full, Partially Finished

Heating and cooling

  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Year built:1916

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$800,000
  • Tax amount:$2,329 (2023)

Parking

  • Total parking spaces:3
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