1856 S Avers Avenue, Chicago, IL

$800,000

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8

Beds

About 1856 S Avers Avenue

Completely gut-rehabbed brick 3-flat featuring an oversized unit mix rarely found in today's market. Renovated in 2022, this turn-key investment consists of two spacious 3 bed/2 bath units and one 2 bed/2 bath unit, all featuring updated kitchens, stainless steel appliances, modern finishes, individual HVAC systems, and strong tenant appeal. The property generates approximately $82,200 in annual gross income with additional upside through rent growth and the potential to convert the lower level into a garden unit. Additional amenities include common laundry, three parking spaces, and low-maintenance mechanical systems. An ideal opportunity for investors seeking immediate cash flow, minimal capital expenditures, and long-term appreciation potential in the growing Lawndale market.

Features of 1856 S Avers Avenue

MLS® # 12774264
Price $800,000
Bedrooms 8
Bathrooms 0.00
Year Built 1916
Type Residential Income
Sub-Type Two to Four Units
Status Active

Community Information

Address 1856 S Avers Avenue
Area CHI - North Lawndale
City Chicago
County Cook
State IL
Zip Code 60623

Amenities

Parking Spaces 3
Parking Yes
Is Waterfront No
Has Pool No

Interior

Heating Natural Gas, Forced Air
Fireplace No
Has Basement Yes
Basement Partially Finished, Full

Exterior

Exterior Brick

School Information

District 299

Additional Information

Days on Market 7
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeChicago Real Estate Resources

Listing Map

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