3548 W 13th Pl - Apartments FOR SALE


Chicago, IL 60623- Lawndale
$825,000 USD
847-347-9612
3548 W 13th Pl, Chicago, IL for Sale
$825,000 USD
Apartments - FOR SALE
1/53
null | 13.41% Cap Rate

3548 W 13th Pl
Chicago, IL 60623
Lawndale


HIGHLIGHTS

  • 8 Min drive from the Medical District
  • Washer and Dryer in each Unit
  • All units updated in 2025 and 2026

OVERVIEW

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 with 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 all units. 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.

FOR SALE DETAILS

PRICE

$825,000 USD

PRICE/SF

$133 USD /SF

# OF UNITS

6

PRICE/UNIT

$137,500

CAP RATE

13.41%

% LEASED

67%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1901

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

10

APN/PARCEL ID

16-23-202-022-0000

ASK ABOUT THIS PROPERTY

Camelia FalkiewiczCEA Property ManagementMore Info
847-347-9612

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Camelia FalkiewiczCEA Property ManagementMore Info
847-347-9612

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.