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Brick Two-Flat with Finished Basement
For Sale
Under Contract
$494,999

1040 N Lawndale Avenue, Chicago, IL 60651

Residential Income, Chicago, IL

Property SizeContact for details
Days on Market57

Property Features for 1040 N Lawndale Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 5
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Basement, Bathroom 3, Bedroom 4, Bedroom 3, Bedroom 5
Parking 2
Parking features Owned
Basement Full, Finished
Elementary school district 299
Middle school district 299
High school district 299
Directions West on Division St, south on Lawndale Ave to the property.
Subdivision CHI - Humboldt Park
Standard status Active Under Contract
APN 16023140270000

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 6650

Utilities

Sewer type Public Sewer
Heating system Natural Gas

Building Details

Year built 1913
Building materials Brick
Listing Agency: Kale Realty
Listed By: Kassia Cerda
Added: Jul 23 Changed: Sep 14 Last Checked: Sep 17 at 12:06PM
MLS# 12706496

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.

Investment Insights

Based on property information with market context.

This 1913 brick duplex contains two residential units with a combined five bedrooms and three full bathrooms. The first-floor apartment has two bedrooms and one bathroom, while the second-floor unit includes three bedrooms and one bathroom. A finished lower level adds two rooms of approximately 11'10' each, another full bathroom, front egress, and flexible living space. Natural gas heat and public sewer serve the property, and the rear parking area accommodates two vehicles.

The property is fully rented and located at 1040 N Lawndale Avenue in Chicago’s Humboldt Park area. Public transportation, shopping, restaurants, and parks are nearby, providing convenient access to neighborhood services and recreation. The brick construction, established layout, finished basement, and owned parking create a clearly defined two-flat configuration with additional usable space.

Key Highlights

  • Fully rented brick duplex with five bedrooms and three full bathrooms
  • 1913 construction with natural gas heat and public sewer
  • Finished lower level includes two approximately 11'10' rooms and a full bathroom

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Locksmith (Bike/Boat/Book/etc) Store HVAC Service Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,074
Businesses Nearby

Demographics for 60651, IL

62,819
Population
22,885
Households
2.7
Avg Household Size
36
Median Age
16%
College-Educated
77%
High-School Grad
3.5 sq mi
ZIP Area
17,948
Density / Sq Mi
$52,963
Median Household Income
$33,783
Median Earnings
$1,186
Median Rent
$262,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Fully occupied duplex with supplemental lower-level rooms and private rear parking.
Where is this duplex located?
The property is located at 1040 N Lawndale Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $494,999.
What are key features of this property?
This property features: Fully rented brick duplex with five bedrooms and three full bathrooms; 1913 construction with natural gas heat and public sewer; Finished lower level includes two approximately 11'10' rooms and a full bathroom
More about this property
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