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$800,000

1856 Avers Ave

Chicago, IL
Active
8
Bedrooms
1916
Year Built
32
Days On Market

Completely gut-rehabbed brick 3-flat featuring an oversized unit mix rarely found in today's market. Renovated in 2022, this turn-key investment consists of two spacious 3 bed/2 bath units and one 2 bed/2 bath unit, all featuring updated kitchens, stainless steel appliances, modern finishes, individual HVAC systems, and strong tenant appeal. The property generates approximately $82,200 in annual gross income with additional upside through rent growth and the potential to convert the lower level into a garden unit. Additional amenities include common laundry, three parking spaces, and low-maintenance mechanical systems. An ideal opportunity for investors seeking immediate cash flow, minimal capital expenditures, and long-term appreciation potential in the growing Lawndale market.

Listing Information

Listing Updated
26 days ago
Listed By
Ian Luscombe · Chicago Real Estate Resources, 7733279300
MLS#
12774264
Source
Midwest Real Estate Data (MRED)
Status
Active

Facts & Features

Location

Community Information

Address
1856 S Avers Ave, Chicago, IL 60623
City
Chicago
County
Cook
Zip Code
60623

Architecture

Bedrooms
8
Year Built
1916
Construction Materials
Brick
Garage Spaces
0

Features & Amenities

Heating
Forced Air, Natural Gas

Property Features

Water
Public
Sewer
Public Sewer

Tax & Financial Information

List Price
$800,000
Annual Taxes
$2,329

Schools

100/100
Cardenas Elementary School
Elementary · Grades PK–08 · 0.6 mi
City
Chicago
Students
1,153
Student body
95% Hispanic / Latino · 5% Black · 0% White
Free/reduced lunch
97%
Phone
(773) 534-1465
99/100
KIPP Chicago Chrtrs - Ascend Academy
Elementary · Grades KG–08 · 0.2 mi
City
Chicago
Students
922
Student body
94% Black · 4% Hispanic / Latino · 1% Two or More Races
Free/reduced lunch
95%
Phone
(773) 521-4399
54/100
Penn Elementary School
Elementary · Grades PK–08 · 0.2 mi
City
Chicago
Students
281
Student body
90% Black · 9% Hispanic / Latino · 1% American Indian / Alaska Native
Free/reduced lunch
100%
Phone
(773) 534-1665
54/100
North Lawndale Prep Charter - Christ
High · Grades 09–12 · 0.7 mi
City
Chicago
Students
313
Student body
98% Black · 1% Hispanic / Latino · 0% Two or More Races
Free/reduced lunch
98%
Phone
(773) 542-1490
53/100
Crown Elementary Community Acd Fine Arts Center
Elementary · Grades KG–08 · 0.5 mi
City
Chicago
Students
103
Student body
87% Black · 12% Hispanic / Latino · 1% Two or More Races
Free/reduced lunch
77%
Phone
(773) 534-1680
53/100
Hughes C Elementary School
Elementary · Grades PK–08 · 0.6 mi
City
Chicago
Students
268
Student body
98% Black · 2% Hispanic / Latino · 0% American Indian / Alaska Native
Free/reduced lunch
99%
Phone
(773) 534-1762
53/100
Lawndale Elementary Community Academy
Elementary · Grades PK–08 · 0.7 mi
City
Chicago
Students
222
Student body
97% Black · 3% Hispanic / Latino · 1% White
Free/reduced lunch
99%
Phone
(773) 534-1635
53/100
Yccs-Cca Academy High School
High · Grades 09–12 · 0.7 mi
City
Chicago
Students
124
Student body
95% Black · 5% Hispanic / Latino
Free/reduced lunch
99%
Phone
(773) 762-2272

School ratings are provided for informational purposes only and are subject to change. Attendance boundaries are for reference only — contact the school or district directly to verify enrollment eligibility.

Historical Data

Price History

DateEventPrice
10/01/2026Listed for sale$800,000

Listed by Ian Luscombe · Chicago Real Estate Resources · 7733279300

Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, Midwest Real Estate Data (MRED). All rights reserved.

Last Updated: October 7, 2026 at 5:10 AM | Source: Midwest Real Estate Data (MRED) | MLS#: 12774264

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