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$409,900
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Property Description
Incredible Investment Opportunity in North Lawndale! Don't miss your chance to own this beautifully updated and spacious Greystone 2-unit building in the heart of North Lawndale. Each unit features 4 generous bedrooms, a living room, formal dining room, gleaming hardwood floors, and updated kitchens. The property offers strong potential for both owner-occupants and savvy investors seeking consistent rental income. The first-floor unit is vacant and move-in ready, while the second-floor unit-currently owner-occupied-will be delivered vacant at closing. Separate utilities and a gas forced-air heating system provide added convenience and flexibility for tenants. This solid building is situated in a desirable, rapidly growing neighborhood. Whether you're looking to live in one unit and rent the other or fully lease both, this is a turnkey opportunity to generate cash flow and build equity.
Full Property Details
Full Property Details for 1540 S St Louis Ave
General
- Sold For: $409,900
- Taxes: $1,203 (2023)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12437690
- Added to Site: 166 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 2
Bedrooms
- Total Bedrooms: 8
Parking
- Total Spaces: 2
- Parking Features: On Site, Owned
- Parking On-Site: Yes
Location
- Area: CHI - North Lawndale
- County: Cook
- Driving Directions: OGDEN TO DRAKE, RIGHT ON 15TH, RIGHT ON ST. LOUIS TO PROP
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Water: Lake Michigan
Structural Information
- Construction: Stone
- Exterior Const.: Stone
- Basement Desc.: Unfinished, Full
- Year Built: 1898
- Built Before 1978: Yes
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Standard Chicago Lot
- Lot Dimensions: 25 x 125
- Zoning: MULTI
Financial Considerations
- Assessment Year: 1898
- Tax Amount: $1,203
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 16232230370000
Listed by Realty of America, LLC
Sold by Re/Max In The Village
Get Pre-Approved Today
Schools
Schools serving 1540 S St Louis Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Dvorak Technology Acad Elementary School 3615 West 16th Street, Chicago, IL 60623 | K-8 | 0.1 mi |
Farragut Career Academy High School 2345 South Christiana Avenue, Chicago, IL 60623 | 9-11 | 0.7 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 1540 S St Louis Ave
Date
Details
Price
Change
Source
10/01/2025
Sold
$409,900
-2.38%
MLS
8/04/2025
Listed
$419,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1540 S Saint Louis Avenue, Chicago, IL 60623 (MLS# 12437690) is a Multi-Family property that was sold at $409,900 on October 01, 2025. Want to learn more about 1540 S Saint Louis 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.

