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$500,000
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Property Description
Discover the perfect investment opportunity with this newly rehabbed 2-unit property featuring an in-law arrangement adding another bedroom and bathroom, separate utilities & in-unit laundry hook up for each floor, ensuring convenience and privacy for the tenants. Located in a highly sought-after neighborhood, this property offers easy access to public transportation, making commuting a breeze. Each unit is designed for comfortable living, with modern finishes and plenty of space. In addition, the vacant lot next door, 1522 S Homan Ave, is available for purchase at a discounted price, offering endless potential for expansion or additional development. Whether you're an investor looking for a solid income-producing asset or a homeowner seeking extra space, this property checks all the boxes. Don't miss out on this rare find in a prime location!
Full Property Details
Full Property Details for 1520 S Homan Ave
General
- Sold For: $500,000
- Taxes: $2,473 (2023)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12207064
- Added to Site: 434 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 3
Bedrooms
- Total Bedrooms: 6
Additional Information
- Other Features: Commuter Bus, Commuter Train
Parking
- Parking Type: None
Location
- Area: CHI - North Lawndale
- County: Cook
- Driving Directions: 15TH Street TO HOMAN AVE PROPERTY IS ON RIGHT SIDE OF STREET
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Water: Public
Structural Information
- Exterior Const.: Stone
- Basement Desc.: Full
- Year Built: 1907
- Built Before 1978: Yes
- Remodeled/Updated: 2024
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 3125
Financial Considerations
- Assessment Year: 1907
- Tax Amount: $2,473.57
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 16232250290000
Listed by AMA Real Estate Services Inc
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Schools
Schools serving 1520 S Homan Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Johnson Elementary School, Chicago, IL 1420 South Albany Avenue, Chicago, IL 60623 | PK-8 | 0.4 mi |
Manley Career Academy High School 2935 West Polk Street, Chicago, IL 60612 | 12-11 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1520 S Homan Ave
Date
Details
Price
Change
Source
2/21/2025
Sold
$500,000
5.26%
MLS
1/02/2025
Price Reduced
$474,999
-5%
MLS
11/09/2024
Listed
$499,999
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1520 S Homan Avenue, Chicago, IL 60623 (MLS# 12207064) is a Multi-Family property that was sold at $500,000 on February 21, 2025. Want to learn more about 1520 S Homan 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.


