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    1549 S Saint Louis Ave Chicago, IL 60623

    For Sale
    $460,000

    Residential Income - Chicago, IL

    Days on Market:
    59
    Last Refresh:
    Dec 12 at 5:06 am

    Property Features for 1549 S Saint Louis Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    12
    APN
    16232240180000
    Parking
    3

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1900
    Architectural style
    Other

    Hunter's Realty, Inc. (708) 628-2900 [email protected]

    Listing agent Kaela Clay (708) 628-2900 License #475190154

    Listing date Oct 15, 2025

    MLS# 12481964 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

    Updated Greystone in North Lawndale

    Located in North Lawndale, this updated Greystone presents an investment opportunity. The 3-unit building features a first-floor unit with 4 beds and 1 bath, fully renovated in 2023 with new kitchens, baths, flooring, and carpet. The second-floor unit includes 5 beds and 1 bath and was refreshed in 2025. The garden-level unit, featuring 3 beds and 1 bath, requires minor finishing touches. Recent upgrades include three new water heaters installed in 2023, and the roof was replaced four years ago. Additional storage space is available, with laundry hookups for potential extra income. The property offers convenient access to the CTA, major highways, and neighborhood redevelopment. This property is suitable for investors and owner-occupants seeking a turnkey asset.
    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
    -87.7124886
    Latitude
    41.8593986

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    FAQs

    What type of property is this?
    Apartment building - Updated 3-unit building in North Lawndale with income potential.
    Where is this apartment building located?
    The property is located at 1549 S Saint Louis Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $460,000.
    What are key features of this property?
    This property features: - Turnkey 3-unit Greystone in North Lawndale offering strong income potential.; - First-floor unit fully renovated in 2023 with 4 beds/1 bath.; - Recent upgrades include three new water heaters (2023) and a roof replaced four years ago.
    (708) 628-2900
    Request Owner's contact information
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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
    1549 S Saint Louis Ave Chicago, IL 60623
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