3516 W 13th Place Chicago, IL 60623
North Lawndale NeighborhoodEstimated payment $4,812/month
About This Home
Turnkey 6-unit greystone in North Lawndale, directly facing a public park, offering a 9-cap rate with clear upside in rents. Fully gut renovated just three years ago with new electrical, plumbing, HVAC, roof, and modern finishes throughout. Units feature updated kitchens with laminate countertops, stainless steel appliances, renovated baths, and new flooring. The building's prime location offers tenants unobstructed park views, immediate access to green space and recreational amenities, and convenient access to public transportation and neighborhood conveniences. A rare opportunity to acquire a stabilized, income-producing asset with strong growth potential in a rapidly improving submarket.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,889
Year Built
- Built in 1905
Additional Features
- 3-Story Property
- Lot Dimensions are 50x100
- Forced Air Heating and Cooling System
Listing and Financial Details
- The owner pays for snow removal
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $375
- Insurance Expense $5,500
- Maintenance Expense $4,800
- Manager Expense $4,800
- Other Expense $2,400
- Trash Expense $1,800
- Water Sewer Expense $3,200
- Operating Expense $34,364
- Gross Income $94,800
- Net Operating Income $60,436
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/01/2026 04/01/26 | For Sale | $725,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12599132
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
- 1264 S Saint Louis Ave
- 3534 W 13th Place
- 3548 W 13th Place
- 3544 W Douglas Blvd
- 1306 S Central Park Ave
- 3422 W 12th Place
- 1418 S Saint Louis Ave
- 1427 S Central Park Ave
- 1301 S Christiana Ave
- 1330 S Lawndale Ave
- 1116 S Homan Ave
- 1510 S Drake Ave
- 3660 W Grenshaw St
- 1510 S Millard Ave
- 1529 S Homan Ave
- 1525 S Lawndale Ave
- 1555 S Trumbull Ave
- 1239 S Avers Ave
- 1428 S Hamlin Ave
- 1539 S Christiana Ave
- 1264 S Saint Louis Ave Unit 1R
- 3512 W 12th Place Unit 1R
- 3539 W Grenshaw St
- 1420 S Central Park Ave Unit 1F
- 3342 W Douglas Blvd Unit 1
- 3626 W Grenshaw St Unit 3
- 3651 W Grenshaw St Unit G
- 3651 W Grenshaw St Unit 2
- 3651 W Grenshaw St Unit 1
- 1231 S Avers Ave
- 1231 S Avers Ave Unit 1
- 1549 S Christiana Ave Unit 3
- 1637 S Saint Louis Ave Unit Garden
- 3840 W Roosevelt Rd Unit A
- 3821 W Fillmore St Unit 2R
- 1530 N Kedzie Ave
- 1657 S Central Park Ave Unit 2
- 1635 S Christiana Ave Unit 3
- 1661 S Homan Ave Unit garden
- 1661 S Homan Ave Unit 1
Ask me questions while you tour the home.