This well-maintained brick 3-unit building presents an excellent investment opportunity. Each of the spacious units boasts 4 bedrooms, 1 bath, hardwood floors, and gas forced air, ensuring comfortable living for tenants. With separate utilities, managing the property is a breeze. Currently, all units are leased to CHA tenants, generating a solid gross income of $4,412. The first and second-floor tenants are on a month-to-month arrangement, providing the flexibility for the new owner to occupy one unit while maintaining rental income from the others. The third-floor tenant is secured with a lease in place until March 2024. Don't miss out on this income-producing gem in a well-maintained condition.
Closed
$420,000
1541 S Hamlin Ave, Chicago, IL 60623
12beds
--sqft
Multi Family
Built in 1958
-- sqft lot
$599,600 Zestimate®
$--/sqft
$1,830 Estimated rent
Home value
$599,600
$534,000 - $672,000
$1,830/mo
Zestimate® history
Owner options
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$1,830/mo
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$1,830/mo
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$2,982/mo
Est. payment
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$2,982/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Sam Shah 847-757-2777,
YBRS Realty Inc.
Bought with:
Ainhoa Garcia Jimenez
Realty of Chicago LLC
Nancy Sanchez
Realty of Chicago LLC
Source: MRED as distributed by MLS GRID,MLS#: 11896943
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas, Forced Air
Features
- Basement: Partially Finished,Full
Property
Lot
- Size: 4,216 Square Feet
- Dimensions: 34X124
Details
- Parcel number: 16231260120000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- New construction: No
- Year built: 1958
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan
Community & HOA
Location
- Region: Chicago
Financial & listing details
- Tax assessed value: $430,000
- Annual tax amount: $2,283
- Date on market: 9/29/2023
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 12/15/2025 | Listing removed | $2,400 |
Source: Zillow Rentals Report a problem | ||
| 11/25/2025 | Listed for rent | $2,400+20% |
Source: Zillow Rentals Report a problem | ||
| 2/16/2025 | Listing removed | $2,000 |
Source: Zillow Rentals Report a problem | ||
| 2/5/2025 | Price change | $2,000-11.1% |
Source: Zillow Rentals Report a problem | ||
| 1/29/2025 | Price change | $2,250-6.3% |
Source: Zillow Rentals Report a problem | ||
| 1/10/2025 | Price change | $2,400-11.1% |
Source: Zillow Rentals Report a problem | ||
| 1/7/2025 | Listed for rent | $2,700+42.1% |
Source: Zillow Rentals Report a problem | ||
| 1/24/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 1/8/2024 | Listed for rent | $1,900+17.3% |
Source: Zillow Rentals Report a problem | ||
| 12/11/2023 | Sold | $420,000+5.3% |
Source:  MRED as distributed by MLS GRID #11896943 Report a problem | ||
| 10/5/2023 | Contingent | $399,000 |
Source: MRED as distributed by MLS GRID #11896943 Report a problem | ||
| 9/29/2023 | Listed for sale | $399,000+1895% |
Source: MRED as distributed by MLS GRID #11896943 Report a problem | ||
| 2/12/2021 | Listing removed | -- |
Source: Zillow Rental Network_1 Report a problem | ||
| 2/4/2021 | Listed for rent | $1,620 |
Source: Zillow Rental Network_1 Report a problem | ||
| 4/30/2020 | Sold | $20,000+53.3% |
Source: MRED as distributed by MLS GRID #10599313 Report a problem | ||
| 4/8/2020 | Pending sale | $13,050 |
Source: Su Familia Real Estate Inc #10599313 Report a problem | ||
| 4/6/2020 | Price change | $13,050-31.3% |
Source: Su Familia Real Estate Inc #10599313 Report a problem | ||
| 2/19/2020 | Pending sale | $19,000 |
Source: Su Familia Real Estate Inc #10599313 Report a problem | ||
| 2/4/2020 | Price change | $19,000-79.1% |
Source: Su Familia Real Estate Inc #10599313 Report a problem | ||
| 1/11/2020 | Pending sale | $91,000 |
Source: Su Familia Real Estate Inc #10599313 Report a problem | ||
| 12/31/2019 | Listed for sale | $91,000 |
Source: Su Familia Real Estate Inc #10599313 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $43,000 +280% |
| 2023 | $2,396 +2.6% | $11,317 |
| 2022 | $2,336 +2.3% | $11,317 |
| 2021 | $2,283 -56% | $11,317 -51.2% |
| 2020 | $5,188 -3.3% | $23,213 -12.7% |
| 2019 | $5,363 +1.7% | $26,604 |
| 2018 | $5,272 -58.8% | $26,604 -55% |
| 2017 | $12,782 +7.9% | $59,175 |
| 2016 | $11,852 +9.3% | $59,175 |
| 2015 | $10,844 +15.5% | $59,175 +16.9% |
| 2014 | $9,389 +2% | $50,605 |
| 2013 | $9,204 +1.4% | $50,605 |
| 2012 | $9,081 +3.3% | $50,605 -6.3% |
| 2010 | $8,787 +512% | $53,998 +1.8% |
| 2008 | $1,436 +237.3% | $53,025 +21.9% |
| 2007 | $426 -93.2% | $43,489 |
| 2006 | $6,243 +324.3% | $43,489 +196.9% |
| 2005 | $1,472 -9.2% | $14,650 |
| 2004 | $1,620 +151.2% | $14,650 |
| 2003 | $645 -11.6% | $14,650 +33.8% |
| 2002 | $730 -6.6% | $10,949 |
| 2001 | $781 -32.2% | $10,949 |
| 2000 | $1,151 -23.8% | $10,949 +40.2% |
| 1999 | $1,510 | $7,810 |
Find assessor info on the county website
Neighborhood: Lawndale
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Nearby schools
GreatSchools rating
- 2/10Penn Elementary SchoolGrades: PK-8Distance: 0.1 mi
- 1/10Farragut Career Academy High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- District: 299
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$599,600
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Estimated market value
$599,600
- Illinois
- Cook County
- Chicago
- 60623
- Lawndale
- 1541 S Hamlin Ave
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