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    1643 S Millard Ave Chicago, IL 60623

    Under Contract
    For Sale
    $529,900

    Residential Income - Chicago, IL

    Lot size:
    0.10 Acres
    Days on Market:
    69
    Last Refresh:
    Dec 8 at 4:06 pm

    Property Features for 1643 S Millard Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    MULTI
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    10
    APN
    16233070130000
    Parking
    3
    Lot size
    0.10 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1907
    Roof type
    Rubber
    Architectural style
    Other

    Chicagoland Brokers Inc. (773) 745-1000 [email protected]

    Listing agent Clemente Lopez (773) 745-1000 License #475128961

    Listing date Oct 1, 2025

    MLS# 12418452 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

    Chicago Greystone Multifamily Investment Opportunity

    This is a three-unit greystone building located in the North Lawndale neighborhood of Chicago. Each unit features hardwood floors throughout. The first floor unit offers 3 bedrooms and one and a half bathrooms. The second and third floor units each contain 3 bedrooms. All three units include a living room and dining room. Kitchens are equipped with granite countertops. Each unit has separate forced heat and separate utilities. The basement includes a washer and dryer. A three-car garage is located on the property. The building is situated minutes from downtown Chicago, the UIC/Medical District, and expressway 290, with convenient access to public transportation. The building contains over 1,300 square feet in each unit. The property is zoned MULTI and is located in Cook County. The lot size is 0.1 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market 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
    -87.7160363
    Latitude
    41.8576825

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    FAQs

    What type of property is this?
    Apartment building - Three-unit greystone in North Lawndale, excellent condition, great investment.
    Where is this apartment building located?
    The property is located at 1643 S Millard Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $529,900.
    What are key features of this property?
    This property features: - Excellent condition, massive grey stone 3-unit building in fast-growing North Lawndale.; - Each unit has over 1,300 SF with hardwood floors, and separate forced heat.; - Separate utilities for each unit.
    (773) 745-1000
    Request Owner's contact information
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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
    1643 S Millard Ave Chicago, IL 60623
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