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1424 S Avers Ave
Multi-Family
New
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$639,999

1424 S Avers Ave, Chicago

46% below median
12 bd·7 ba·0 sqft
North Lawndale

1424 S Avers Ave, Chicago, IL

12 bd · 7 ba · 0 sqft Multi-Family listed at $639,999 in the North Lawndale neighborhood.

About this home

Fully renovated 4-unit brick building in North Lawndale offering strong in-place rental income. The property consists of three units with 3 bedrooms and 2 full bathrooms, plus a legal garden unit with 3 bedrooms and 1 bathroom. Each unit features separate forced air heating and central air conditioning, providing efficiency and tenant convenience. The building includes four furnaces and four A/C systems. Interiors have been updated, offering modern layouts and finishes. Rear porch presents an opportunity for future improvement. Additional features include a common laundry area (equipment not included), vinyl windows, and a well-maintained structure with ongoing roof maintenance. Units are occupied, with several operating on month-to-month arrangements, providing flexibility for future management. Solid investment opportunity with updated units, strong unit mix, and immediate income potential. Property sold As-Is.

Property details

Price
$639,999
Bedrooms
12
Bathrooms
7
Type
Multi-Family
Days on market
19
Est. property tax
$13,312/yr · $1,109/mo · 2.08% IL avg
Last sold
$350,000 · Dec 2023

Estimated monthly payment

Down payment20% ($128,000)
Interest rate6.75%
Principal & Interest$3,321
Property Tax$587
Insurance$150
Total$4,057/mo

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Price history

$684K$420K$156K$200K on Jan 05 (Sold)$430K on Sep 19 (Initial list)$399K on Aug 20 (Price change)$399K on Sep 20 (Price change)$379K on Oct 20 (Initial list)$379K on Jan 21 (Price change)$365K on Sep 23 (Initial list)$350K on Oct 23 (Sold)$350K on Dec 23 (Sold)$640K on Apr 26 (Initial list)
$200K · Jan 05$640K · Apr 26
  1. Apr 6, 2026$639,999Initial list price
  2. Dec 15, 2023$350,000Sold
  3. Oct 20, 2023$350,000Sold
  4. Sep 11, 2023$365,000Initial list price
  5. Jan 7, 2021$379,000Price change
  6. Oct 21, 2020$379,000Initial list price
  7. Sep 29, 2020$399,000Price change
  8. Aug 5, 2020$399,000Price change
  9. Sep 12, 2019$429,900Initial list price
  10. Jan 10, 2005$200,000Sold

Location

This home is located in Chicago, IL. Browse more Chicago listings on the Chicago market page or explore the full Chicago market report.

About Chicago: Chicago is the most populous city in the U.S. state of Illinois and in the Midwestern United States. Located on the western shore of Lake Michigan, it is the third-most populous city in the United States, with a population of 2.74 million at the 2020 census. The Chicago metropolitan area has 9.41 million residents and is the third-largest metropolitan area in the country. Chicago is the seat of Cook County, the second-most populous county in the U.S. (source: Wikipedia)

Climate: Average year-round temperature is 51°F with 211 dry days per year and 39.9 inches of annual rainfall.

Location

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Home Intelligence

Neighborhood (zip 60623)

This neighborhood is primarily renter-occupied (38% owner-occupied). Median age is 34.4; 9% hold a bachelor's degree; median household income is $37,814.

Median income
$37,814
Median age
34.4
Owner-occupied
37.8%
Bachelor's degree
9.0%
Census median home value
$203,400

Source: US Census Bureau American Community Survey 5-year estimates.

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