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$640,000
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Property Description
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.
Full Property Details
Full Property Details for 1424 S Avers Ave
General
- Sold For: $640,000
- Taxes: $7,461 (2024)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12610398
- Added to Site: 49 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 7
Bedrooms
- Total Bedrooms: 12
Additional Information
- Other Features: Commuter Bus, Commuter Train
Parking
- Total Spaces: 3
- Parking Features: Yes, Owned
Location
- Area: CHI - North Lawndale
- County: Cook
- Driving Directions: East on 16th St north on Avers to property
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Natural Gas, Forced Air
Utilities
- Water: Lake Michigan
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Finished, Full
- Built Before 1978: Yes
- Remodeled/Updated: 2026
Unit Information
- Units in Building: 4
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 25 x 125
Financial Considerations
- Tax Amount: $7,461
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 16231160270000
Listed by Realty of America, LLC
Sold by Redfin Corporation
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Schools
Schools serving 1424 S Avers Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Penn Elementary School 1616 South Avers Avenue, Chicago, IL 60623 | PK-8 | 0.3 mi |
Infinity Math Science & Tech High School 3120 South Kostner Avenue, Chicago, IL 60623 | 9-12 | 1.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1424 S Avers Ave
Date
Details
Price
Change
Source
5/12/2026
Sold
$640,000
—
MLS
4/05/2026
Listed
$639,999
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1424 S Avers Avenue, Chicago, IL 60623 (MLS# 12610398) is a Multi-Family property that was sold at $640,000 on May 12, 2026. Want to learn more about 1424 S Avers Avenue? Do you have questions about finding other Multi-Family real estate for sale in North Lawndale? You can browse all North Lawndale real estate or contact a Coldwell Banker agent to request more information.

