3516 W 13th Place Chicago, IL 60623
North Lawndale NeighborhoodEstimated payment $4,668/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 |
|---|---|---|---|---|
| 04/29/2026 04/29/26 | Price Changed | $695,000 | -4.1% | -- |
| 04/01/2026 04/01/26 | For Sale | $725,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12599132
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Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
- 1264 S Saint Louis Ave
- 1306 S Central Park Ave
- 3544 W Douglas Blvd
- 1253 S Millard Ave
- 1234 S Millard Ave
- 3430 W 12th Place
- 3418 W 13th Place
- 1418 S Saint Louis Ave
- 1427 S Central Park Ave
- 1141 S Saint Louis Ave
- 1330 S Lawndale Ave
- 1317 S Homan Ave
- 1439 S Saint Louis Ave
- 1435 S Trumbull Ave
- 1301 S Christiana Ave
- 1500 S Trumbull Ave
- 1525 S Lawndale Ave
- 1215 S Spaulding Ave
- 1428 S Hamlin Ave
- 1359 S Avers Ave
- 1316 S Millard Ave Unit B
- 1423 S Drake Ave Unit B
- 3651 W Grenshaw St Unit G
- 3651 W Grenshaw St Unit 2
- 3651 W Grenshaw St Unit 1
- 3422 W Grenshaw St Unit 3422 W Grenshaw St, Chica
- 1555 S Millard Ave Unit 2R
- 3825 W 14th St Unit 3825 West 14th Street
- 1426 S Avers Ave Unit 2
- 1621 S Lawndale Ave Unit 2-2
- 1621 S Lawndale Ave Unit 2-3
- 1621 S Lawndale Ave Unit 3-3
- 1621 S Lawndale Ave Unit 3-1
- 1621 S Lawndale Ave Unit 3-2
- 1621 S Lawndale Ave Unit 2-1
- 1637 S Saint Louis Ave Unit 2
- 1637 S Saint Louis Ave Unit Garden
- 1637 S Saint Louis Ave Unit 1
- 3858 W Grenshaw St Unit 3858 Grenshaw
- 1319 S Harding Ave Unit 3F
Ask me questions while you tour the home.