Contacts

Scott Siegel, MBA

CHICAGO REAL ESTATE AUTHORITY

Property Details

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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Attachments

LAWNDALE OM 10.17.24 (PDF) opens in new window

Getting around

62/100
Walk Score ®
64/100
Transit Score ®
66/100
Bike Score ®

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

Points of Interest

Central Park

0.49 miles
Kedzie

0.78 miles
Kostner

0.91 miles
Cicero

1.67 miles
54th/Cermak

2.08 miles
Uber Tent

2.81 miles
Ashland

3.09 miles
UIC-Halsted (Morgan Street)

3.57 miles
Halsted Street

3.64 miles
UIC-Halsted (Peoria Street)

3.67 miles

GoLo

0.38 miles
BP

0.39 miles
Shell

0.53 miles
Power Gas Station

0.72 miles
Exxon

0.87 miles
Citgo

0.96 miles
Amoco

0.97 miles
EVgo

2.62 miles
Electrify America

3.39 miles
Blink ParkChip Garage - 1035 Van Buren

3.52 miles

Visitor Parking

1.62 miles
Visitor Paerking

1.91 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

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
Courtyard by Marriott Chicago at Medical District / UIC

2.82 miles
Hotel Chicago West Loop

2.85 miles
Hyatt House

3.59 miles
Benedictine Bed and Breakfast

3.70 miles
Cicero Motel

3.70 miles

Freshway Market

0.74 miles
Save-A-Lot

1.06 miles
Supermercado La Chiquita

1.15 miles
Cermak Fresh Market

1.26 miles
ALDI

1.31 miles
Burlington

1.36 miles
Ross

1.42 miles
Little Village Discount Mall

1.44 miles
Pete's Market

1.57 miles
Workshop Apothecary

1.74 miles

In-Depth Research Available for this Property

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1500 S Lawndale Ave