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$715,948
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Property Description
Exceptional opportunity to acquire a fully renovated six-unit brick multifamily property in Chicago's North Lawndale neighborhood. Situated on a 24 125 lot, the building offers approximately over 5000 SQF of a desirable unit mix of five 2-bedroom/1-bath apartments and one 3-bedroom/1-bath apartment. Delivered vacant, the building gives its next owner immediate control over tenant selection, lease terms, and management while providing the opportunity to lease each apartment at current market rents. Improvements include modern kitchens, renovated bathrooms, updated flooring, fresh finishes, and upgrades throughout. The unfinished basement provides additional storage and potential future value-add opportunities, subject to buyer due diligence and municipal approval. Conveniently located near CTA transportation, I-290, Little Village, Pilsen, parks, neighborhood amenities, and major employment centers. Ideal for an investor expanding a multifamily portfolio, completing a 1031 exchange, or seeking a renovated asset positioned for immediate lease-up. Offering Memorandum, projected rents, financial analysis, renovation information, and additional due-diligence materials are available upon request.
Full Property Details
Full Property Details for 1621 S Lawndale Ave
General
- Price: $715,948
- Taxes: $4,087 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12754144
- Updated: 9/15/2026
- Added to Site: 24 day(s) ago
Interior
- Basement: Unfinished
Location
- Area: CHI - North Lawndale
- County: Cook
- Driving Directions: 16th Street E/W to Lawndale, South to Address
- Location Details: In City Limits
Heating & Cooling
- Cooling Type: None
- Heating Type: Central Heat/Individual Controls, Other
Utilities
- Water: Municipal Water
- Onsite: Sewer Connected
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Unfinished
- Foundation: Brick/Mortar
- Stories/Levels: 3
- Square Feet: 5,364
- Current Bldg. Use: Multi-Family
- Year Built: 1905
- Built Before 1978: Yes
Lot Features
- Lot Dimensions: 24 x 125
- Frontage: City Street
- Zoning: MULTI
Financial Considerations
- Assessment Year: 1905
- Tax Amount: $4,087.49
- Tax Year: 2023
- Tenant Pays: None
Disclosures and Reports
- Property ID: 16233060070000
Listed by Keller Williams ONEChicago
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Schools
Schools serving 1621 S Lawndale 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 | 0.8 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 1621 S Lawndale Ave
Date
Details
Price
Change
Source
9/08/2026
Listed
$715,948
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1621 S Lawndale Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$3,811
—
$34,400
91%
2023
$3,811
3%
$18,000
—
2022
$3,715
2%
$18,000
—
2021
$3,632
-2%
$18,000
8%
2020
$3,717
-4%
$16,629
-13%
2019
$3,853
2%
$19,114
—
2018
$3,788
-17%
$19,114
-9%
2017
$4,542
8%
$21,026
—
2016
$4,211
9%
$21,026
—
2015
$3,853
-6%
$21,026
-5%
2014
$4,111
2%
$22,156
—
2013
$4,030
—
$22,156
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1621 S Lawndale Ave
1621 S Lawndale Avenue, Chicago, IL 60623 (MLS# 12754144) is a Commercial property. 1621 S Lawndale Avenue is currently listed for $715,948 and was received on September 08, 2026. Want to learn more about 1621 S Lawndale Avenue? Do you have questions about finding other Commercial 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.

