North Lawndale Multi-Unit Investment
For Sale
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1239 S Avers Avenue, Chicago, IL 60623
Cash-flowing 3-unit property with 11 bedrooms and 5 bathrooms.
Property SizeContact for details
Days on Market163
Property Features for 1239 S Avers Avenue
General Information
Standard status
Active
Property subtype
Multifamily
Zoning
RT-4
Building Details
Year Built
1913
Listing Agency:
Second City Real Estate
(708) 979-0852
Listed By:
Melchor Domantay · License #IL 475187492
Source:
Crexi
Added: Mar 12
Changed: Aug 8
Last Checked: Aug 3 at 3:32AM
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 Second City Real Estate
Investment Insights
Based on property information with market context.
Located in Chicago's North Lawndale neighborhood, this multi-unit building presents an opportunity for investors or owner-occupants. The property features 3 legal units, offering a total of 11 bedrooms and 5 bathrooms. The spacious floor plans are designed to maximize rental income or accommodate larger households, with abundant natural light throughout. The property is ideally suited for house hacking, allowing owners to live in one unit while generating rental income from the others. The location provides convenient access to public transportation, schools, parks, local amenities, major expressways, and downtown Chicago. North Lawndale is experiencing ongoing investment and redevelopment, making this an attractive opportunity to invest in a growing neighborhood with long-term potential.
Key Highlights
- House hack opportunity: Live in one unit and rent out the other two for income.
- Cash‑flowing 3‑unit building with strong rental income potential.
- 11 bedrooms and 5 bathrooms across all units.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
965
Businesses Nearby
Explore this area
Business Placement
Demographics for 60623, IL
87,649
Population
31,300
Households
2.8
Avg Household Size
32
Median Age
14%
College-Educated
69%
High-School Grad
5.4 sq mi
ZIP Area
16,231
Density / Sq Mi
$44,040
Median Household Income
$32,642
Median Earnings
$1,054
Median Rent
$221,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Cash-flowing 3-unit property with 11 bedrooms and 5 bathrooms.
Where is this triplex located?
The property is located at 1239 S Avers Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: House hack opportunity: Live in one unit and rent out the other two for income.; Cash‑flowing 3‑unit building with strong rental income potential.; 11 bedrooms and 5 bathrooms across all units.
