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    1455 S Avers Ave Chicago, IL 60623

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    For Sale
    $450,000

    Solid investment property featuring spacious units and strong cash flow.

    Property Features for 1455 S Avers Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1913

    Source: RE/MAX PARTNERS Agent LUIS ORTIZ

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    All-Brick 6-Unit Investment Opportunity

    This all-brick building contains six units, each featuring two bedrooms, separate living and dining rooms, and eat-in kitchens. Individual hot water tanks are present in each unit. The property is secured by a wrought iron fence. A new exterior porch has been installed. Four units are currently rented on a month-to-month basis, while two units are vacant.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    #BLKCUTZ! Barber Supply Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7224667
    Latitude
    41.9079374

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    FAQs

    What type of property is this?
    Apartment building - Solid investment property featuring spacious units and strong cash flow.
    Where is this apartment building located?
    The property is located at 1455 S Avers Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Strong cash flow potential from 6-unit building.; - Spacious 2-bedroom layouts with separate living and dining rooms.; - Two vacant units available for immediate rental income or owner-occupancy.
    Request Owner's contact information
    1455 S Avers Ave Chicago, IL 60623
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1455 S Avers Ave Chicago, IL 60623
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