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$599,900

  • For Sale
  • Active
  • Commercial
  • Updated 6 days ago
See This Home
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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!

Full Property Details for 1500 S Lawndale Ave

General

  • Price: $599,900
  • Taxes: $9,076 (2022)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12191016
  • Updated: 10/25/2024
  • Added to Site: 14 day(s) ago

Location

  • Area: CHI - North Lawndale
  • County: Cook
  • Township: West Chicago
  • Driving Directions: When heading west on I-290 W take exit 26A toward Independence Boulevard, merge onto W Congress Pkwy, turn left onto S Independence Blvd, turn right onto S Hamlin Ave, turn left onto W 15th St, turn right and the property will be on the left.

Heating & Cooling

  • Heating Type: Forced Air, Gas

Structural Information

  • Exterior Const.: Brick, Stone
  • Stories/Levels: 3
  • Current Bldg. Use: Multi-Family
  • Year Built: 1911
  • Built Before 1978: Yes

Lot Features

  • Lot Size (Acres): 0.07
  • Lot Size (Sq. Ft.): 3,406
  • Lot Dimensions: 3406

Financial Considerations

  • Insurance Fee: $5,546
  • Assessment Year: 1911
  • Tax Amount: $9,076
  • Tax Year: 2022
  • Tenant Pays: Electricity, Heat, Sewer

Disclosures and Reports

  • Property ID: 16231270200000

Listed by Chicago Real Estate Authority

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— 1500 S Lawndale Ave —

  • Chicago Real Estate Authority

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NMLS#: 1598647

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Be ready to buy your new home!

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NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 1500 S Lawndale Ave

School District:Chicago Public Schools
RatingNameGradesDistance
3
Herzl Elementary School
3711 W Douglas Blvd, Chicago, IL 60623
PK-80.1 mi
1
Farragut Career Academy High School
2345 S Christiana Ave, Chicago, IL 60623
9-120.9 mi
Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1500 S Lawndale Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/17/2024
Listed
$599,900
531.47%
MLS
10/19/2017
Sold
$95,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1500 S Lawndale Ave

Year
Property Taxes
Change
Tax Assessment
Change
2022
$13,216
46%
$64,036
42%
2021
$9,077
-27%
$44,991
-19%
2020
$12,370
408%
$55,343
358%
2019
$2,434
-73%
$12,076
-74%
2018
$9,131
163%
$46,078
385%
2017
$3,472
-45%
$9,500
-70%
2016
$6,312
9%
$31,516
—
2015
$5,775
-14%
$31,516
-13%
2014
$6,747
62%
$36,364
59%
2013
$4,163
-30%
$22,888
-31%
2012
$5,961
—
$33,220
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Chicago Real Estate Authority

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1500 S Lawndale Avenue, Chicago, IL 60623 (MLS# 12191016) is a Commercial property. 1500 S Lawndale Avenue is currently listed for $599,900 and was received on October 17, 2024. Want to learn more about 1500 S Lawndale Avenue? Do you have questions about finding other Commercial real estate for sale in North Lawndale? You can browse all North Lawndale real estate or contact a Coldwell Banker agent to request more information.

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