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    321 N Avers Ave Chicago, IL 60624

    Sponsored
    For Sale
    Under Contract
    $449,000

    MULTI_FAMILY - Chicago, IL

    Days on Market:
    6
    Last Refresh:
    Jan 6 at 12:06 pm

    Property Features for 321 N Avers Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Rooms
    Bedroom 2, Basement, Bedroom 6, Bathroom 4, Bathroom 3, Bedroom 1, Bedroom 4, Bedroom 5, Bedroom 8, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 7
    Bedrooms
    8
    Bathrooms
    4
    APN
    16113040090000
    Parking features
    Driveway
    Basement
    Partially Finished, Full

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1905
    Building materials
    Brick
    Roof type
    Rubber

    Keller Williams Realty Infinity (630) 778-5800 [email protected]

    Listing agent Satyanarayan Teeparti (630) 778-5800

    Listing date Jan 1, 2026

    Copyright © 2026 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

    Three-Unit Brick Building in Chicago

    This legal three-unit brick building presents an opportunity for ownership. The first floor features a spacious four-bedroom, two-bathroom duplex unit equipped with a washer and dryer. The two vacant units in the rear each offer two bedrooms and one bathroom, ready for rental. Situated on a tree-lined street, the property is surrounded by buildings slated for refurbishment. Natural light fills all units through ample windows, complemented by 10-foot ceilings. The property includes a landscaped small front yard and a rear patio, along with parking in the rear driveway. Unit 1 (front) features a granite countertop and a new double-door refrigerator, while Unit 1 (rear) has a new stove. The basement common area is equipped with a washer, dryer, kitchenette, full bathroom, and den; buyers should verify the legality and usability of the basement area. The building has passed multiple Section 8 inspections in previous years. Conveniently located a few blocks from the I-290 Expressway and within walking distance of the Pulaski and Conservatory-Central Park Drive Green Line stations, providing quick access to downtown and surrounding neighborhoods. Floor plans are approximate; precise measurements require due diligence.
    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 Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.722076
    Latitude
    41.885996

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    FAQs

    What type of property is this?
    Apartment building - Legal three-unit building with refurbishment potential in a vibrant neighborhood.
    Where is this apartment building located?
    The property is located at 321 N Avers Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $449,000.
    What are key features of this property?
    This property features: - Legal 3-unit brick building offers immediate rental income potential.; - Spacious 4 bed/2 bath duplex unit (first floor) with in-unit washer & dryer.; - Two vacant 2 bed/1 bath units ready for rental.
    (630) 778-5800
    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
    321 N Avers Ave Chicago, IL 60624
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