For Sale Multi-Family MLS# 12774264

1856 S Avers Avenue

Chicago, IL 60623

$800,000

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About 1856 S Avers Avenue

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

Property

Type
multi
Year built
1916
List date
Oct 1, 2026

Schools

District
Chicago Public School District 299

Location

Subdivision
North Lawndale
Neighborhood
North Lawndale

Location

Neighborhood
North Lawndale
School district
Chicago Public School District 299

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Listed by Ian Luscombe, Chicago Real Estate Resources

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.