Updated Quadplex With Four
For Sale
Contact for pricing
Pending
1242 S Lawndale Ave, Chicago, IL 60623
Each residence offers a two-bedroom, one-bathroom layout with individual furnaces and access to shared basement laundry.
Property SizeContact for details
Days on Market143
Property Features for 1242 S Lawndale Ave
General Information
Standard status
Pending
Total Parking Spaces
2
Property subtype
Multifamily
Occupancy
100%
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Gross Income
$48,744
Amenities
coin laundry
porch
secured gate
Listing Agency:
Kale Realty
Listed By:
Abdulla Latief · License #IL
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Sep 1 at 10:22AM
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 Kale Realty
Investment Insights
Based on property information with market context.
This four-unit residential income property includes three legal units plus an additional bonus unit, with every residence configured as two bedrooms and one bathroom. The property is fully occupied and has received extensive improvements, including updated plumbing, electrical systems, bathrooms, appliances, rear doors, and transoms. Individual furnaces serve the units, while a newer water heater and basement coin-operated laundry add practical building amenities.
Major exterior work includes a tear-off roof completed in 2022, tuckpointing, parapet wall repairs, and porches completed in 2016. The outgoing sewer line was replaced in 2022, and a secured rear concrete parking pad accommodates two cars. The property has no violations or deferred maintenance reported. In-place cap rate is 10%+, with a pro forma cap rate of 11%+.
Major exterior work includes a tear-off roof completed in 2022, tuckpointing, parapet wall repairs, and porches completed in 2016. The outgoing sewer line was replaced in 2022, and a secured rear concrete parking pad accommodates two cars. The property has no violations or deferred maintenance reported. In-place cap rate is 10%+, with a pro forma cap rate of 11%+.
Key Highlights
- Four total units: three legal units plus one bonus unit
- All 4 units are configured with 2 bedrooms and 1 bathroom
- Fully occupied with an in‑place cap rate of 10%+
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,397
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Each residence offers a two-bedroom, one-bathroom layout with individual furnaces and access to shared basement laundry.
Where is this quadplex located?
The property is located at 1242 S Lawndale Ave Chicago, IL.
What are key features of this property?
This property features: Four total units: three legal units plus one bonus unit; All 4 units are configured with 2 bedrooms and 1 bathroom; Fully occupied with an in‑place cap rate of 10%+
