For Sale $599,900
Property Type Multi-Family
Units 10
Lot Size 0.08 Acre
Additional Rent Contact for pricing
# of Floors 3
Year Built 1920
Date Updated Oct 18, 2024

1500 S. Lawndale is a recently remodeled and upgraded 9-unit building plus a nonconforming 10th apartment! Currently configured with a pair of big 3BR 1BA units, 6 nicely sized 2BR/1BA apartments, a compact 1/1 and a cozy studio located in the former retail storefront (now legalized as ADUs). PLEASE NOTE: The storefront units are framed-out and require completion. All units are separately metered and the property boasts a new (2 yr) roof, plumbing, electrical, individual GFAs and original stained hardwood flooring. This building is being sold 'as-is' with no city violations. There's a LOT of rental upside and equity creation potential for the right value-add investor!

PLEASE NOTE: The Buyer will need to re-open and motion-up an old building court case. All of the work required under that court order has been completed and a city compliance sign-off is in hand. The new Buyer will need to finalize the release of the case. ALSO NOTE: The former storefront units require full build-out/completion. POF or PAL required to show. ONLY 1 unit of each type on the 3rd floor plus the former storefront will be shown. Seller makes no representation as to the legality of the non-conforming unit. Property is being sold on an 'as-is' basis.

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Contacts

Scott Siegel, MBA

CHICAGO REAL ESTATE AUTHORITY

Location

Getting Around

Walk Score ®
62/100 Somewhat Walkable
Transit Score ®
64/100 Good Transit
Bike Score ®
66/100 Bikeable

Map
Street

City Chicago, IL
Neighborhood North Lawndale
Zip Code 60623
Market Chicago

Points of Interest

Central Park

0.49 miles
Cicero

1.67 miles
54th/Cermak

2.08 miles
Racine

3.20 miles
UIC-Halsted (Morgan Street)

3.57 miles
Halsted Street

3.64 miles
Halsted

3.72 miles
UIC-Halsted (Halsted Street)

3.79 miles
Morgan

3.84 miles
Clinton

4.10 miles

GoLo

0.38 miles
BP

0.39 miles
Shell

0.53 miles
Amstar

0.72 miles
Exxon

0.87 miles
BP

0.88 miles
Amoco

0.97 miles
Citgo

1.04 miles
Citgo

1.07 miles
Shell

1.31 miles

Overflow Parking

1.79 miles
Lot W5

2.06 miles
Lot A4

2.26 miles
Lot A3

2.30 miles
Lot C4

2.33 miles
Lot B2

2.34 miles
Lot B4

2.36 miles
54th/Cermak Park & Ride

2.39 miles
Wood Street Parking Structure (WSPS)

2.41 miles
City of Chicago Auto Pound #6

2.41 miles

Karavan Motel

1.39 miles
Shamrock Motel

1.43 miles
Cindy Lyn Motel

2.11 miles
Hyatt Place Chicago - Medical / University District

2.48 miles
Hyatt House Chicago - Medical / University District

2.54 miles
Marriott at Medical District/UIC

2.82 miles
Hotel Chicago West Loop

2.85 miles
Hyatt House

3.59 miles
Alexandra's place

3.80 miles
Holiday Jones

3.80 miles

The SoulFood Lounge

0.17 miles
Soule

0.39 miles
New Pine Valley Restaurant

0.39 miles
Checkers

0.43 miles
Popeyes

0.47 miles
Taco Bell

0.58 miles
Subway

0.58 miles
Lou Malnati's Pizzeria

0.65 miles
Subway

0.68 miles
McDonald's

0.74 miles

Herzl Elementary School

0.07 miles
Herzl Child-Parent Center

0.15 miles
Olive Child-Parent Center

0.19 miles
Dvorak Elementary School

0.20 miles
William Penn Elementary School

0.22 miles
KIPP

0.25 miles
Former Henson Elementary School

0.30 miles
Lawndale Community Academy

0.32 miles
Alexanders Beauty School

0.41 miles
Ebenezer School

0.42 miles

Peter Cottontail Day Nursery

1.71 miles
New Zion Childcare Academy

2.25 miles
Adams Street Child Care Center

2.48 miles
Taylor Tots

2.93 miles
Little Folks Cottage Inc

3.15 miles
Brighton Park Early Learning Center

3.22 miles
Sunny Days Kid's Academy

3.23 miles
ABC Toon Town Day Care

3.26 miles
Morningside Children's Academy

3.34 miles
Happy Days Child Care Center

3.46 miles

Frequently Asked Questions

How much does 1500 S Lawndale Ave cost?

The space currently listed for sale at 1500 S Lawndale Ave asks for $599,900.

When was this property built?

1500 S Lawndale Ave was built in 1920.

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