For Sale
$625,000

4326 W. 17thChicago, IL 60623

Historic North Lawndale, value-add opportunity.

Overview

Added:
Jan 17
Days on market:
82
This 16-unit walk-up building at 4326 W. 17th St in Chicago's historic North Lawndale neighborhood presents a compelling value-add investment opportunity. Priced at $625,000, this property offers six 1-bedroom/1-bathroom units and seven 2-bedroom/1-bathroom units, all spacious. The building is currently completely vacant, allowing a new owner to immediately begin renovations. While many components are updated, a thorough rehabilitation is needed; images detail the scope of work. Two new water heaters were installed (2020 & 2021). The property's location offers convenient access to Chicago's downtown via the Pink Line "El" train station (Kostner stop), approximately a 10-minute commute. Importantly, this building sits within a federally designated Opportunity Zone, providing potential tax incentives for investors. The 8,500 square foot building is situated on a 0.195 acre lot. This presents a rare chance to acquire a structurally sound asset and capitalize on the neighborhood's potential. The price per unit is approximately $39,000.

Highlights

  • Sixteen-unit walk-up building in Chicago's North Lawndale neighborhood.
  • Located three blocks from Pink Line "El" station, offering easy downtown access.
  • Vacant building presents a value-add opportunity in a federally designated Opportunity Zone.

Property Details for 4326 W. 17th

Property type
Residential income homes, Residential income properties
Square Feet
8,500 SF
Price / Square Foot
$73.53
Buildings
1
Stories
4
Elevators
N/A
Lot Size (sq. ft)
8,500 SF
Units
16

Location Insight

City
Chicago
County
State
Illinois

FAQs

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4326 W. 17th
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