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$599,000
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Property Description
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
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
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Schools
Schools serving 1632 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 | 0.5 mi |
Farragut Career Academy High School 2345 South Christiana Avenue, Chicago, IL 60623 | 9-11 | 0.6 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
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.
Estimate the Cost
Estimate the Cost for 1632 S Homan Ave
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.

