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Brick Quadplex Requiring Rehabilitation
For Sale
$275,000
Pending

1541 S Saint Louis Avenue, Chicago, IL 60623

Vacant multifamily property with varied layouts, original hardwood floors, separate furnaces, and no garage.

Property SizeContact for details
Days on Market51

Property Features for 1541 S Saint Louis Avenue

General Information

Standard status Pending
Property subtype MULTI_FAMILY

Property Condition

Severity Repairs Needed
Evidence in need of rehab

Site & Location

Neighborhood Lawndale

Units

Unit Mix 3 x 3BR/1.5BA, 1 x 1BR/1BA
Multifamily Units 4

Taxes and HOA fees

Annual Taxes $6,555

Building Details

Year Built 1923
Construction brick
Listing Agency: Property Plug
Listed By: Brianna Gulia · License #471021902
Source: Dawnmckennagroup
Added: Sep 6 Changed: Oct 25 Last Checked: Oct 24 at 10:16PM

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 Property Plug

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Investment Insights

Based on property information with market context.

This legal brick quadplex at 1541 S Saint Louis Ave contains four vacant units and is being sold as-is with existing violations. The property requires rehabilitation and includes three three-bedroom, 1.5-bath units plus a garden unit with one bedroom and one bath.

Each residence has separate living and dining rooms, additional sun rooms, and hardwood flooring. Individual furnaces serve the units. There is no garage, and the sale is subject to the property’s existing violations. The building was constructed in 1923 and is located in North Lawndale, Chicago.

Key Highlights

  • Legal brick quadplex with 4 vacant units
  • Three 3‑bed, 1.5‑bath units plus a 1‑bed, 1‑bath garden unit
  • Separate living and dining rooms with additional sun rooms

Property Analytics

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Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

1,160
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - Vacant multifamily property with varied layouts, original hardwood floors, separate furnaces, and no garage.
Where is this quadplex located?
The property is located at 1541 S Saint Louis Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Legal brick quadplex with 4 vacant units; Three 3‑bed, 1.5‑bath units plus a 1‑bed, 1‑bath garden unit; Separate living and dining rooms with additional sun rooms
More about this property
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