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
| Office | Chicago Real Estate Resources |
|---|