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    1440 S Kedvale Ave Chicago, IL 60623

    Under Contract
    For Sale
    $489,000

    Residential Income - Chicago, IL

    Days on Market:
    25
    Last Refresh:
    Dec 14 at 8:06 am

    Property Features for 1440 S Kedvale Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    9
    APN
    16222190320000
    Parking
    3

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    2008
    Architectural style
    Other

    HomeSmart Realty Group (708) 320-0002 [email protected]

    Listing agent Ryan Banks (708) 320-0002 License #475180231

    Listing date Nov 20, 2025

    MLS# 12494017 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    North Lawndale Multifamily Investment Opportunity

    Located in the North Lawndale area of Chicago, this residential income property presents an investment opportunity. The solid, three-unit building features three-bedroom, two-bath units. The first floor has been completely renovated, including a new kitchen with quartz countertops, updated bathrooms, new trim, three new air conditioning units, and fresh paint. Each unit is equipped with laundry hook-ups. Tenants are responsible for their own gas and electric utilities. The property is situated on a quiet block.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7290541
    Latitude
    41.8612485

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    FAQs

    What type of property is this?
    Apartment building - Three-unit building in Chicago's North Lawndale neighborhood.
    Where is this apartment building located?
    The property is located at 1440 S Kedvale Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $489,000.
    What are key features of this property?
    This property features: - Fully renovated first-floor unit with **new kitchen, quartz countertops, and baths.**; - Each unit features 3 bedrooms and 2 bathrooms.; - Tenants pay their own gas and electric.
    (708) 320-0002
    Request Owner's contact information
    1440 S Kedvale Ave Chicago, IL 60623
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    Chicago, IL 60623
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1440 S Kedvale Ave Chicago, IL 60623
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