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Renovated Six-Unit Brick Apartment Building
For Sale
$715,948

1621 S Lawndale Avenue, Chicago, IL 60623

Commercial Sale, Chicago, IL

Property SizeContact for details
Lot Size0.07 Acres
Days on Market14

Property Features for 1621 S Lawndale Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 13
Bathrooms 6
Full bathrooms 6
Rooms Bedroom 8, Bedroom 11, Bedroom 12, Bedroom 4, Bedroom 3, Bathroom 3, Bedroom 13, Bedroom 2, Bathroom 2, Basement, Bedroom 7, Bedroom 10, Bedroom 9, Bathroom 1, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 6, Bathroom 6, Bedroom 5
Basement Unfinished
Directions 16th Street E/W to Lawndale, South to Address
Subdivision CHI - North Lawndale
Standard status Active
APN 16233060070000
Lot size 0.07 Acres

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 4087

Building Details

Year built 1905
Floors in Building 3
Number of units 6
Building materials Brick
Listing Agency: Keller Williams ONEChicago · Keller Williams Realty
Listed By: Christopher Anthony · License #475151235
Added: Sep 8 Changed: Sep 15 Last Checked: Sep 21 at 11:06PM
MLS# 12754144

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This six-unit brick apartment building was built in 1905 and has undergone extensive renovation. The unit mix includes five 2-bedroom/1-bath apartments and one 3-bedroom/1-bath apartment. Interior improvements include refreshed kitchens and bathrooms, new flooring, updated finishes, and other property-wide upgrades. All apartments are delivered vacant, allowing the next owner to establish leasing and management arrangements from the outset.

An unfinished basement provides storage space and may offer additional future utility subject to buyer due diligence and municipal approval. The property is located in Chicago’s North Lawndale neighborhood near CTA transportation, I-290, Little Village, Pilsen, parks, neighborhood amenities, and major employment centers.

Key Highlights

  • Six‑unit multifamily property delivered vacant
  • Five 2‑bedroom/1‑bath apartments and one 3‑bedroom/1‑bath apartment
  • Renovated kitchens, bathrooms, flooring, finishes, and other improvements

Property Analytics

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Current Use

Greater Progressive Baptist Church

Suggested Use

Top Pick Real Estate Agency Law Firm Skin Care Clinic (Bike/Boat/Book/etc) Store HVAC Service Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,190
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
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Frequently Asked Questions

What type of property is this?
Apartment building - Vacant multifamily building with updated interiors, an unfinished basement, and a five-bedroom-two-bedroom unit mix.
Where is this apartment building located?
The property is located at 1621 S Lawndale Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $715,948.
What are key features of this property?
This property features: Six‑unit multifamily property delivered vacant; Five 2‑bedroom/1‑bath apartments and one 3‑bedroom/1‑bath apartment; Renovated kitchens, bathrooms, flooring, finishes, and other improvements
More about this property
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