1842 S Saint Louis Avenue
Chicago, IL 60623
Map
- 10 beds
- 3 baths
- – sqft
- 3,049 sqft lot
- 1898 build
- – on site
More homes
Presenting this fantastic Investment Opportunity in the vibrant North Lawndale Neighborhood. This spacious Refurbished Legal 2-Flat Greystone with three rental opportunities features two units with 4bedrooms/1bath each and a finished 2bed/1bath Lower Level in-Law unit that has a front & rear egress. Whether you're looking to make this your forever home or invest in a rental opportunity, this building with LOW TAXES ($2,540 W/OUT a Homeowner's Exemption) offers tremendous potential. With no current tenant leases, the income-generating potential is wide open for investors. Healthy Rental Comps show low market times and up to $2,583 for a 4bed/1bath rental without parking. See MLS#:11955268 for similar sized comparable rental located at 1635 S Central Park. A great comparable for a 2bed/1 bath Rental is located at 1915 S Avers (MLS#:12026088). This unit rented for $1,650 in two days. Making the estimated Monthly Rental Yield $6,816 and $81,792 annually. The cost of doing business is everything when it comes to multi-family ownership. That is why we covered all the essentials; all units have separate heating & in-unit washer & dryers. Please note: seller does not warrant the legality of the in-law garden unit. However, the property is located in one of the five ADU pilot areas, the "West Zone." Apply for a Additional Dwelling Unit zoning change at www*chicago*gov/adu to add the lower level as a legal ADU and further increase value. COMPETITIVE ADVANTAGE: Your tenants will love our spacious living spaces with separate dining rooms, eat-in kitchens and the BRAND NEW decks. This is an ideal opportunity for owner-occupants or investors looking to capitalize on a strong rental market with potential for rental growth and a stable tenant base. This is your end of Summer Must Have! If you've been debating whether to buy or not, this is your sign to DO IT!
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Apr 6, 2025
•
MLS# 12187061 —
The Building
-
Year Built:1898
-
Rebuilt:No
-
New Construction:false
-
Architectural Style:Greystone
-
Roof:Rubber
-
Basement:Full
-
Foundation Details:Concrete Perimeter
-
Exterior Features:Deck
-
Other Equipment:CO Detectors, Water Heater-Gas
Interior
-
Rooms Total:16
Location
-
Directions:Ogden to St. Louis Ave. North to property
-
Location:87688
-
Location:27150
The Property
-
Parcel Number:16234080360000
-
Property Type:Residential Income
-
Location:N
-
Lot Features:Corner Lot, Fenced Yard
-
Lot Size Dimensions:25X125
-
Lot Size Acres:0.07
-
Zoning:MULTI
-
Waterfront:false
-
Additional Parcels:false
Listing Agent
- Contact info:
- Agent phone:
- (312) 498-8473
- Office phone:
- (312) 498-8473
Taxes
-
Tax Year:2023
-
Tax Annual Amount:2540.39
Beds
-
Bedrooms Total:10
-
Bedrooms Possible:10
Baths
-
Baths:3
-
Full Baths:3
The Listing
-
Short Sale:Not Applicable
-
Special Listing Conditions:None
Heating & Cooling
-
Heating:Natural Gas, Forced Air
Utilities
-
Sewer:Public Sewer
-
Water Source:Public
Schools
-
Elementary School:Crown Elementary School Comm Acd
-
Elementary School District:299
-
Middle Or Junior School:Crown Elementary School Comm Acd
-
Middle Or Junior School District:299
-
High School:Farragut Career Academy Senior H
-
High School District:299
The Community
-
Community Features:Curbs, Gated, Sidewalks, Street Lights, Street Paved
Parking
-
Parking Total:2
-
Parking Features:Off Alley, Off Street, Alley Access
-
Parking Onsite:Yes
-
Parking Ownership:Owned
Extra Units
-
Other Structures:None
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
12/12/24
Dec 12, 2024
|
Sold | MRED | $490,000 | 3.2% |
|
10/26/24
Oct 26, 2024
|
Pending | MRED | $475,000 | |
|
10/12/24
Oct 12, 2024
|
Listed / Active | MRED | $475,000 | 120.9% |
