1856 S Avers Avenue, Chicago, IL 60623

• 8 beds |
• 6 baths

Property Description

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.

Listing Status:

Active

Data Last Updated:

October 11, 2026 at 7:18AM

Listing Office:

Chicago Real Estate Resources : 312-477-9181

Listing Agent:

Ian Luscombe : 312-477-9181

MLS ID:

12774264

Interior

• Basement: Partially FinishedFull
• Heating: Natural GasForced Air

Exterior

• Parking: YesParking spaces: 3

Location

• Originating MLS: mred
• School District: 299
• County: Cook

Lot

• Zoning: 16233100390000

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: mred
• Ownership: Fee Simple