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Renovated 3-Unit Brick Triplex
New
For Sale
$800,000

1856 S Avers Avenue, Chicago, IL 60623

Residential Income, Chicago, IL

Property SizeContact for details
Days on Market2

Property Features for 1856 S Avers Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 8
Bathrooms 6
Full bathrooms 7
Half bathrooms 2
Rooms Bedroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 4, Bathroom 5, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 6, Bathroom 7, Bedroom 6, Bedroom 5, Bathroom 8, Bathroom 9, Bedroom 8, Basement, Bedroom 7
Parking 3
Basement Full, Partially Finished
Elementary school district 299
Middle school district 299
High school district 299
Directions From I-55, exit at Pulaski Rd and head north to 19th Street. Proceed east to Avers Avenue and continue north to the property at 1856 S Avers Ave. Property is located on the east side of Avers Avenue between 18th Street and 19th Street.
Subdivision CHI - North Lawndale
Standard status Active
APN 16233100390000

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 2329

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Forced Air
Water source Public

Amenities

Common Laundry

Building Details

Year built 1916
Building materials Brick
Listing Agency: Chicago Real Estate Resources
Listed By: Ian Luscombe · License #475167887
Added: Oct 1 Last Checked: Oct 2 at 8:06AM
MLS# 12774264

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.

At 1856 S Avers Avenue in Chicago, this brick triplex contains three apartments: two with three bedrooms and two bathrooms each, plus one with two bedrooms and two bathrooms. The building dates to 1916 and underwent a gut renovation in 2022. Apartment features include updated kitchens, stainless steel appliances, modern finishes, and individual HVAC systems.

Residents have access to common laundry and three parking spaces. The property also includes a basement.

Key Highlights

  • Three‑unit brick property renovated in 2022
  • Two apartments with 3 bedrooms and 2 bathrooms each; one with 2 bedrooms and 2 bathrooms
  • Individual HVAC systems in all units

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Skin Care Clinic (Bike/Boat/Book/etc) Store Hotel & Motel Locksmith

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

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,209
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
View Realmo Analytics

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?
Triplex - The three apartments have individual HVAC systems, updated kitchens, and shared laundry facilities.
Where is this triplex located?
The property is located at 1856 S Avers Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Three‑unit brick property renovated in 2022; Two apartments with 3 bedrooms and 2 bathrooms each; one with 2 bedrooms and 2 bathrooms; Individual HVAC systems in all units
More about this property
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