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$599,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 9 Total Beds
  • Updated 3 days ago
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Great investment opportunity in Chicago's North Lawndale neighborhood! Newer-construction, legal 3-flat built in 2007 and fully occupied, offering immediate rental income from day one. Each spacious unit features 3 bedrooms, 2 full bathrooms, in-unit laundry, and nicely updated interiors. All three units have separate utilities, with tenants responsible for heat, gas, and electricity; owner pays water only. A solid opportunity for investors looking for an income-producing property with established tenants and minimal work needed. Take ownership and start enjoying the cash flow!

Full Property Details for 1632 S Homan Ave

General

  • Price: $599,000
  • HOA FEE: $600
  • Taxes: $7,711 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12746844

Rental Information

  • Complex Features: Street Lights, Street Paved

Interior

  • Basement: None

Rooms

Bathrooms

  • Total Bathrooms: 6
  • Upper - Full Baths: 6

Bedrooms

  • Total Bedrooms: 9

Additional Information

  • Other Features: Commuter Bus

Parking

  • Total Spaces: 3
  • Parking Features: Yes, Owned

Location

  • Area: CHI - North Lawndale
  • County: Cook
  • Township: West Chicago
  • Driving Directions: Ogden to Homan north to property

School Information

  • School District: 299
  • Elem School District: 299
  • Midd School District: 299
  • High School District: 299

Heating & Cooling

  • Heating Type: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Brick, Block
  • Exterior Const.: Brick, Block
  • Basement Desc.: None
  • Roof: Asphalt
  • Year Built: 2007

Unit Information

  • Units in Building: 3

Lot Features

  • Lot Size (Acres): 0.07
  • Lot Size Range: .25 to .49 Acre
  • Lot Dimensions: 25 x 125
  • Zoning: MULTI

Financial Considerations

  • Maint. Fee: $600
  • Insurance Fee: $4,400
  • Assessment Year: 2007
  • Tax Amount: $7,711.99
  • Tax Year: 2025
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 16234030320000

Listed by Re/Max 10

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— 1632 S Homan Ave —

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NMLS#: 1598647

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NMLS#: 1598647

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with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 1632 S Homan Ave

School District:Chicago Public School District 299
NameGradesDistance
Johnson Elementary School, Chicago, IL
1420 South Albany Avenue, Chicago, IL 60623
PK-80.5 mi
Farragut Career Academy High School
2345 South Christiana Avenue, Chicago, IL 60623
9-110.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Tax History for 1632 S Homan Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
100%
100%
2022
100%
100%
2021
100%
100%
2020
100%
100%
2019
—
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1632 S Homan Avenue, Chicago, IL 60623 (MLS# 12746844) is a Multi-Family property with 3 units containing 9 bedrooms and 0 full bathrooms. 1632 S Homan Avenue is currently listed for $599,000 and was received on August 31, 2026. Want to learn more about 1632 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.

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