Lawndale Homes under $750,000

Lawndale Homes under $750,000

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Newest Lawndale Homes under $750,000

1619 S Central Park Avenue, Chicago
$599,999
12 Beds ⋅ 3 Baths ⋅ 12793533 MLS ⋅ NEW Status
Get into North Lawndale today-and position yourself for tomorrow's potential! This proper Th This fully gut-renovated three-unit property combines spacious floor plans, modern amenities, and existing leases for an investment opportunity you'll want to see before making your next move. The building's two largest units-the four-bedroom main level and five-bedroom second floor-are already leased through the Section 8 Housing Choice Voucher program. These established leases provide an income-producing foundation, with the housing authority paying the approved subsidy portion directly to the owner, subject to program requirements. That means less initial leasing work for the next owner and rental assistance supporting a portion of the rent on the building's largest units. Renovated from the studs to the finishes by experienced investors, all three units feature private entrances, two forms of egress, and new, individually controlled central heating and air conditioning. Drawings, permits, and plans are accounted for. The main level offers four bedrooms, one full bathroom, impressive 9-foot ceilings, in-unit laundry, and an open-concept family room flowing into the kitchen. The second floor features a similar layout with five bedrooms, while the garden unit includes three bedrooms, one bathroom, and a dedicated laundry and storage room. Twelve total bedrooms. Three rebuilt units. Two established Section 8 leases. For buyers seeking rental income and long-term appreciation potential in North Lawndale, this property deserves a place at the top of the list. Don't wait until you're looking back at an opportunity you could have owned-schedule your showing today!

1619 S Central Park Avenue, Chicago

2248 S Kolin Avenue, Chicago
$499,900
5 Beds ⋅ 3 Baths ⋅ 12789574 MLS ⋅ ACTIVE Status
Welcome to one of the largest residential 2-flat properties you'll find in the highly sought-after North Lawndale neighborhood! This property has been fully rehabbed, with the renovation completed in August 2026, offering buyers the opportunity to own a beautifully updated multi-unit property with modern finishes and extensive improvements. Situated on double city lot, this unique property offers an abundance of land and flexibility rarely found in a multi-unit setting. The property sits on one lot with an additional lot on the north side of the property, providing exceptional outdoor space and plenty of room for parking, recreation, expansion, or storage. Business owners with multiple vehicles, work trucks, equipment, or additional parking needs-this could be the ideal property for you! The expansive lot configuration provides valuable space that is difficult to find in the city. Inside, the property features two beautifully remodeled 2-bedroom units, each offering one full bath, a kitchen, and a modern open-concept layout. The second-floor unit is duplexed into the attic, creating additional living flexibility and making the space ideal for an in-law suite, extended family, guests, or other living arrangements. The attic includes its own kitchen and bathroom while sharing central heat with the second-floor unit. The first- and second-floor living spaces each feature their own individual furnace and central heating, providing separate heating systems for each unit. All living areas have been thoughtfully remodeled with modern finishes and an inviting open-concept design. Located in the rapidly developing North Lawndale community, this property offers convenient access to Chicago's Medical District, downtown Chicago, major highways, dining, entertainment, and nightlife. Approximately a 15-minute drive to the Medical District and 25 minutes to downtown, making this an excellent location for both residents and commuters. Whether you're an investor looking for a versatile multi-unit property, an owner-occupant seeking additional living space, or a business owner in need of substantial parking and land, this property offers possibilities that are hard to find. Three lots. Two remodeled units. Recently completed rehab. Exceptional flexibility and space. Don't miss this opportunity-schedule your showing today! This one won't last long!

2248 S Kolin Avenue, Chicago

1233 S Spaulding Avenue, Chicago
$439,900
8 Beds ⋅ 3 Baths ⋅ 12786758 MLS ⋅ ACTIVE Status
Solid brick 3-flat in North Lawndale offering 8 bedrooms and 3 baths across three above-ground units with individually metered electricity and gas, plus an unfinished basement and 2-car garage. The updated, move-in-ready 1st-floor 2BR/1BA features a large open-concept eat-in kitchen and living area, a second spacious living area, in-unit washer/dryer, dishwasher hookups, and a large rear balcony-ideal for an owner-occupant or immediate rental income. The 2nd and 3rd floors each offer 3BR/1BA layouts with eat-in kitchens opening directly to large rear balconies, providing convenient outdoor dining space. The 2nd floor has W/D and dishwasher hookups, while the 3rd floor features central A/C and Chicago skyline views from the balcony. The 2nd- and 3rd-floor units offer value-add potential through future updates. Recent capital improvements include replacement of the water service line and front sidewalk, completed by the City in 2024; upgraded basement support columns replacing wood posts with steel (2021); rear stair improvements (2026); garage door replacement; and mechanical and appliance updates to the 1st- and 2nd-floor units (2020-2024). Near expansive Douglass Park, offering an outdoor pool, tennis and basketball courts, soccer fields, walking paths, a lagoon and fishing, plus additional recreational amenities. Convenient access to the Illinois Medical District, I-290, public transportation, and the Roosevelt Road corridor.

1233 S Spaulding Avenue, Chicago

3318 W Flournoy Street, Chicago
$380,000
5 Beds ⋅ 2 Baths ⋅ 12776067 MLS ⋅ ACTIVE Status
**Great Investment Opportunity Just Minutes from Downtown Chicago!** Discover the potential of this spacious **Brick Greystone two-unit property**, ideal for investors and owner-occupants looking to build equity or expand their real estate portfolio! This beautiful Chicago Greystone offers generous living spaces and extra-large bedrooms on both levels. The **second-floor unit features 3 bedrooms and 1 bathroom**, while the **first-floor unit offers 2 bedrooms and 1 bathroom with a duplex layout connecting to the unfinished basement**. Bring your vision and creativity to the basement, offering exciting possibilities for future improvements and customization, subject to applicable building codes and approvals. **Both units are currently vacant**, giving the next owner the flexibility to move right in, establish rental income, or make improvements to maximize the property's potential. The spacious, open backyard offers additional possibilities for a newly constructed garage, concrete parking slab, or outdoor entertainment space. Conveniently located with access to downtown Chicago, major expressways, shopping, dining, and public transportation. Whether you're a seasoned investor looking to expand your portfolio or an owner-occupant interested in house hacking, this **Chicago Greystone** offers space, character, flexibility, and outstanding value-add potential. **Bring your ideas, explore the possibilities, and make this investment your own!**

3318 W Flournoy Street, Chicago

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