1540 S Saint Louis Avenue

Chicago, Illinois 60623
Closed / MLS #11808545 / Multiple Unit (2-4) / North Lawndale
Listing information updated 9/21/2023 at 1:03am
Welcome to your dream investment opportunity! This magnificent greystone building presents a rare chance to own a large and spacious 2-unit property in a sought-after location. Boasting classic charm and modern updates, this gem is perfect for both homeowners and investors looking to maximize their returns. The first floor of this greystone beauty features an impressive layout with 4 bedrooms and 1 bath. Currently vacant, this unit is ready for immediate occupancy, making it an ideal space for homeowners looking to settle in right away. Alternatively, savvy investors can take advantage of the rental income potential by leasing this unit to generate additional cash flow. The second floor mirrors the first in terms of its generous proportions, comprising 4 bedrooms and 1 bath. Currently, this unit is occupied by a tenant participating in the Chicago Housing Authority (CHA) program, providing a steady monthly income of $1,389. The existing tenancy adds an attractive aspect to this property, guaranteeing a reliable income stream for the fortunate new owner. Separate utilities for each unit ensure convenience and flexibility for both occupants. You'll appreciate the gas forced air heating system, ensuring comfort during the cooler months. Additionally, the beautiful hardwood floors add warmth and character to the entire property, enhancing its overall appeal. The property was previously gut rehabbed with approved plans and permits. The careful renovations have preserved the historical features of the greystone while seamlessly integrating modern conveniences. Don't miss this incredible opportunity to own a spacious greystone building with endless potential. Whether you're looking to settle down and generate rental income or seeking a wise investment, this property offers the best of both worlds. Act now and make this remarkable greystone building yours today!

Full Features

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Natural Gas
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Standard Chicago Lot

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Listing Office: YBRS Realty Inc.

Listing Office Phone: 847.757.2777

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 9/21/2023 at 1:03am. 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.

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1540 S Saint Louis Avenue is a multiple unit (2-4) which sold for $290,000. 1540 S Saint Louis Avenue features 8 Beds, 2 Baths. This multiple unit (2-4) has been listed on @properties since June 14th, 2023. The nearest transit stops include Kedzie CTA Green line.