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2420 S Sawyer Ave
Multi-Family
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$489,000

2420 S Sawyer Ave, Chicago

59% below median
6 bd·3 ba·0 sqft
South Lawndale

2420 S Sawyer Ave, Chicago, IL

6 bd · 3 ba · 0 sqft Multi-Family listed at $489,000 in the South Lawndale neighborhood.

About this home

Solid brick, 3-unit building in a rapidly developing neighborhood, fully renovated in 2023 and completely move-in ready. Each unit features separate furnaces (2023), central A/C (2023), and in-unit washer/dryer (2023), offering independent utilities and modern convenience for tenants. Quality finishes and numerous recent upgrades make this a true turnkey, income-ready investment with minimal maintenance needs. Rear parking pad with a new metal bi-folding security gate adds valuable off-street parking. Ideally located just minutes from the planned Saint Anthony Hospital campus at Focal Point, a major mixed-use development expected to bring healthcare, jobs, and economic growth to the area, enhancing long-term rental demand and appreciation potential. A strong addition to any portfolio and an excellent opportunity for an owner-occupant seeking rental income.

Property details

Price
$489,000
Bedrooms
6
Bathrooms
3
Type
Multi-Family
Days on market
59
Est. property tax
$10,171/yr · $848/mo · 2.08% IL avg
Last sold
$253,000 · Feb 2023

Estimated monthly payment

Down payment20% ($97,800)
Interest rate6.75%
Principal & Interest$2,537
Property Tax$448
Insurance$150
Total$3,136/mo

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Price history

$533K$270K$6K$50K on Feb 89 (Sold)$295K on Sep 21 (Initial list)$295K on Apr 22 (Price change)$295K on Apr 22 (Relisted)$295K on Apr 22 (Price change)$285K on May 22 (Relisted)$285K on Sep 22 (Price change)$275K on Oct 22 (Initial list)$253K on Jan 23 (Sold)$489K on Feb 26 (Initial list)$489K on Apr 26 (Relisted)
$50K · Feb 89$489K · Apr 26
  1. Apr 16, 2026$489,000Relisted
  2. Feb 25, 2026$489,000Initial list price
  3. Jan 20, 2023$253,000Sold
  4. Oct 25, 2022$275,000Initial list price
  5. Sep 30, 2022$285,000Price change
  6. May 27, 2022$285,000Relisted
  7. Apr 16, 2022$295,000Price change
  8. Apr 4, 2022$295,000Relisted
  9. Apr 1, 2022$295,000Price change
  10. Sep 21, 2021$295,000Initial list price
  11. Feb 24, 1989$50,000Sold

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

Map of 2420 S Sawyer Ave, Chicago
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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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