3548 W 13th Place Chicago, IL 60623
North Lawndale NeighborhoodEstimated payment $4,542/month
About This Home
This 6-unit multifamily property, featuring 2 additional Garden units prepared with gas, electric, and plumbing, is ready to accommodate 2 additional units. It is located just 8 minutes from the Medical District, offering an exceptional investment opportunity in the vibrant North Lawndale neighborhood. Built in 1901, this Class C property generates immediate cash flow and offers value-add potential, benefiting from its prime location within both an Opportunity Zone and Enterprise Zone 1, which provides substantial tax incentives for investors. This property features three 3-bedroom, 1-bathroom units and three 2-bedroom, 1-bathroom units, all of which have in-unit washers and dryers, catering to families and working professionals. This desirable unit mix ensures stable occupancy in a market undergoing revitalization and economic growth. Completely renovated 5 out of 6 units, and working on the 6th unit to be renovated. Refinished the Roof in August 2025. The property benefits from its proximity to transportation, schools, and amenities, ensuring strong tenant demand and long-term growth opportunities.
Listing Agent
@properties Christie's International Real Estate License #475189076 Listed on: 10/01/2025

Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,610
Year Built
- Built in 1903
Home Design
- Brick Exterior Construction
- Stone Siding
Additional Features
- 3-Story Property
- Lot Dimensions are 35 x 150
- Central Heating
Community Details
Overview
- 6 Units
Building Details
- Operating Expense $10,500
- Gross Income $10,200
- Net Operating Income $107,400
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
10/01/2025 10/01/25 | For Sale | $799,999 | +60.0% | -- |
03/26/2025 03/26/25 | Sold | $500,000 | 0.0% | $80 / Sq Ft |
01/23/2025 01/23/25 | Pending | -- | -- | -- |
01/07/2025 01/07/25 | For Sale | $500,000 | +11.1% | $80 / Sq Ft |
11/19/2019 11/19/19 | Sold | $450,000 | -9.8% | -- |
09/11/2019 09/11/19 | Pending | -- | -- | -- |
09/05/2019 09/05/19 | For Sale | $499,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12482421

APN: 16232020220000
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