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North Lawndale Investor Opportunity
For Sale
$449,000

1116 S Keeler Avenue, Chicago, IL 60624

Investment property in North Lawndale with long-term tenants.

Property SizeContact for details
Days on Market431

Property Features for 1116 S Keeler Avenue

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $4,869

Building Details

Year Built 1976
Listing Agency: BAIRD & WARNER
Listed By: PATRICIA MCGOWAN
Source: Corcoran
Added: May 30, 2025 Changed: Mar 16 Last Checked: Mar 16 at 9:09AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BAIRD & WARNER

Investment Insights

Based on property information with market context.

Located in North Lawndale, this property presents an investor opportunity. Situated on an extra-wide 62 ft lot, the property features long-term tenants on month-to-month leases, offering immediate income with the flexibility to increase rents. There are five to six exterior parking spaces available, providing an additional revenue stream. The property is being sold As-Is.

Key Highlights

  • Immediate income from long‑term tenants.
  • Extra‑wide 62 ft lot.
  • Potential for increased rental income due to month‑to‑month leases.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Skin Care Clinic Gym & Fitness Center Computer & Electronic Repair

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

Location Intelligence

Trade Area within ½ mile

754
Businesses Nearby

Demographics for 60624, IL

37,547
Population
16,250
Households
2.3
Avg Household Size
34
Median Age
13%
College-Educated
77%
High-School Grad
3.5 sq mi
ZIP Area
10,728
Density / Sq Mi
$32,607
Median Household Income
$30,924
Median Earnings
$1,152
Median Rent
$223,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Apartment building - Investment property in North Lawndale with long-term tenants.
Where is this apartment building located?
The property is located at 1116 S Keeler Avenue 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: Immediate income from long‑term tenants.; Extra‑wide 62 ft lot.; Potential for increased rental income due to month‑to‑month leases.
More about this property
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