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Turnkey Income Property in Chicago

1234 S Millard Avenue, Chicago, IL 60623

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For Sale

Under Contract

$349,000

MULTI_FAMILY - Chicago, IL

Lot size:

0.06 Acres

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Contact an agent

Satyanarayan Teeparti

HighLights

3‑level multi‑family home built in 1904 with rooms including 4 bedrooms and 3 bathrooms plus a basement
2026 renovations include new floors, new paint, new appliances, new kitchen cabinets, renovated bathrooms, and a new roof
Each unit has its own separate electricity and natural gas meters; unit 2 is on a month‑to‑month lease
Recent updates: new furnace (2023) and water heaters (2024); enclosed porch updated with 2026 paint for storage
Finished basement includes 2 additional rooms beyond the first‑floor 2 bedrooms and 1 bathroom layout
Public utilities: public water and public sewer; exterior includes vinyl siding, brick, and stone

For Sale

Under Contract

$349,000

MULTI_FAMILY - Chicago, IL

Lot size:

0.06 Acres

Added:: May 6, 2026
Days on Market:: 62
Last Refresh:: Jul 6 at 3:06 pm

Property Features for 1234 S Millard Avenue

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: MULTI
Bedrooms: 4
Bathrooms: 2
Rooms: Bathroom 1, Bedroom 3, Bathroom 2, Basement, Bathroom 3, Bedroom 2, Bedroom 1, Bedroom 4
Basement: Full, Finished
Standard status: Active Under Contract
APN: 16231050290000
Lot size: 0.06 Acres

Taxes and HOA fees

Tax Year: 2024
Tax Annual Amount: 4235

Utilities

Sewer type: Public Sewer
Heating system: Natural Gas
Water source: Public

Building Details

Year built: 1904
Building materials: Vinyl Siding, Brick, Stone

We can help!

Contact an agent

Satyanarayan Teeparti

Listing agent Satyanarayan Teeparti

Listing office Keller Williams Infinity 608 S Washington Suite 100, Naperville, IL

Listing date May 6, 2026

MLS# 12633035 Listing URL

HighLights

3‑level multi‑family home built in 1904 with rooms including 4 bedrooms and 3 bathrooms plus a basement
2026 renovations include new floors, new paint, new appliances, new kitchen cabinets, renovated bathrooms, and a new roof
Each unit has its own separate electricity and natural gas meters; unit 2 is on a month‑to‑month lease
Recent updates: new furnace (2023) and water heaters (2024); enclosed porch updated with 2026 paint for storage
Finished basement includes 2 additional rooms beyond the first‑floor 2 bedrooms and 1 bathroom layout
Public utilities: public water and public sewer; exterior includes vinyl siding, brick, and stone

Overview

This is a three-level multi-family home located in the North Lawndale neighborhood. The property is currently an income-producing residence. The first floor duplexes into a finished basement, featuring two bedrooms and one bathroom on the first floor, with the basement offering two additional rooms. The second floor includes three bedrooms and one bathroom. Renovations completed in 2026 include new floors, paint, appliances, kitchen cabinets, renovated bathrooms, a new roof, washer and dryer in each unit, new light and plumbing fixtures, and exterior concrete and window maintenance. The property has a fully fenced and well-maintained green backyard suitable for gatherings. One unit is rented on a month-to-month lease to a long-term tenant, with the current rent potentially covering a significant portion of the mortgage. This renovated unit has passed inspections in 2026 and has separate electricity and natural gas meters. Additional updates include a new furnace (2023) and water heaters (2024). The enclosed porch, painted in 2026, provides extra storage space on all three levels. Windows provide natural light throughout the units, and an open design allows for airflow. The property is near restaurants and stores on Roosevelt Avenue, with convenient access to bus stops and CTA train stations. Ample street parking is available. Located minutes from I-290 and approximately 10-15 minutes from downtown Chicago, the property offers access to expressways, public transportation, parks, and city amenities. The lot size is 0.06 acres.

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Location Insight

Map
Local Demand

City: Chicago
County: Cook
State: Illinois
Longitude: -87.716953
Latitude: 41.865161

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For sale
Triplexes
IL
Chicago
60623
1234 S Millard Avenue

What type of property is this?

Triplex - Renovated multi-family home in North Lawndale, Chicago.

Where is this triplex located?

The property is located at 1234 S Millard Avenue Chicago, IL.

What is the asking price?

The asking price for this property is $349,000.

What are key features of this property?

This property features: 3‑level multi‑family home built in 1904 with rooms including 4 bedrooms and 3 bathrooms plus a basement; 2026 renovations include new floors, new paint, new appliances, new kitchen cabinets, renovated bathrooms, and a new roof; Each unit has its own separate electricity and natural gas meters; unit 2 is on a month‑to‑month lease

1234 S Millard Avenue, Chicago, IL 60623

MULTI_FAMILY - Chicago, IL

Property Features for 1234 S Millard Avenue

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Renovated Chicago Industrial Flex Warehouse

Turnkey Restaurant Venue with PPA License

Turnkey Restaurant Venue with PPA License

Turnkey Restaurant Venue with Licenses

Turnkey Restaurant Opportunity in Chicago

Prime Retail Space in Chicago

Chicago Office Building with Parking

Convenience Store Retail Building with Parking

Chicago Commercial Buildings For Sale

Fulton River District Commercial Loft

Wicker Park Corner Retail Building

Corner Retail Suite in New Elevator Building

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