13-Unit Walk-Up Apartment
New
For Sale
$1,100,000
1619 South Komensky Avenue, Chicago, IL 60623
Spacious apartments with hardwood floors, in-unit furnaces, and recent building improvements near transit and retail services.
Property Size10,450 SF
Days on Market6
Property Features for 1619 South Komensky Avenue
General Information
Standard status
Active
Size
10,450 SF
Property subtype
Multi-Family
Building Details
Building Size
10,450 SF
Units
13
Listing Agency:
Kiser Group
Listed By:
Jack Petrando
Source:
Commercialcafe
Added: Aug 25
Changed: Aug 30
Last Checked: Aug 30 at 1:38PM
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 Kiser Group
Investment Insights
Based on property information with market context.
This 13-unit walk-up apartment building in Chicago’s Lawndale neighborhood includes two 3-bedroom units, four 2-bedroom units, and seven 1-bedroom units. The apartments feature hardwood flooring throughout, while in-unit furnaces support individual heating. Property improvements include approximately 50% new windows, porches completed in 2019, a newer water heater installed in 2017, remodeled units, and updated copper plumbing.
The property is one block from Pulaski Road and 16th Street, providing access to public transportation and retail options. The Chicago Pink Line station at Pulaski is three blocks away and provides rail service to downtown Chicago. The asset offers a 9.03% cap rate, with projected performance of a 9.91% cap rate or higher and a 21.39% cash return through improved leasing, management, and rents already achieved within the building.
The property is one block from Pulaski Road and 16th Street, providing access to public transportation and retail options. The Chicago Pink Line station at Pulaski is three blocks away and provides rail service to downtown Chicago. The asset offers a 9.03% cap rate, with projected performance of a 9.91% cap rate or higher and a 21.39% cash return through improved leasing, management, and rents already achieved within the building.
Key Highlights
- 13‑unit walk‑up apartment building in Chicago’s Lawndale neighborhood
- Unit mix includes two 3‑bedroom, four 2‑bedroom, and seven 1‑bedroom apartments
- Hardwood flooring throughout; in‑unit furnaces in the apartments
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,124
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?
Apartment building - Spacious apartments with hardwood floors, in-unit furnaces, and recent building improvements near transit and retail services.
Where is this apartment building located?
The property is located at 1619 South Komensky Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 13‑unit walk‑up apartment building in Chicago’s Lawndale neighborhood; Unit mix includes two 3‑bedroom, four 2‑bedroom, and seven 1‑bedroom apartments; Hardwood flooring throughout; in‑unit furnaces in the apartments
