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$ 205,000
Est. payment | /mo
6 Beds
2 Baths
$ 205,000
Est. payment | /mo
6 Beds
2 Baths
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12551854
Style Contemporary
Bedrooms 6
Year Built 1903
Annual Tax Amount $1,800
Tax Year 2024
Lot Dimensions 4708
Property Sub-Type Two to Four Units
Property Description
Remarks: Welcome to 1615 S Trumbull Ave, a solid brick 2-flat located in the rapidly appreciating North Lawndale community, just moments from Douglas Park, local retail corridors, and multiple transit options. This property offers both immediate upside and long-term growth, making it an excellent opportunity for investors, developers, or owner-occupants looking to build equity. The building features spacious units, generous bedroom counts, a driveway, and a layout ideal for rental income or a future renovation project. Previous rents were significantly below market, creating a clear value-add opportunity to increase cash flow. For those considering a flip, newly renovated comparables are trading north of $500K, and brand-new construction 3-unit buildings are expected to break ground on the block in 2026 with projected pricing above $700K+. Residents will enjoy easy access to parks, schools, grocery, and major commercial corridors, as well as a short commute to the Loop (approx. 5.5 miles) and Chicago's lakefront (approx. 6 miles). Whether you're looking to hold as a rental, complete a full renovation, or explore a luxury redevelopment strategy, this property sits in a location poised for continued growth.
Location
State IL
County Cook
Area Chi - North Lawndale
Zoning MULTI
Rooms
Basement Finished, Full
Interior
Heating Natural Gas
Fireplace N
Building
Dwelling Type Two to Four Units
Building Description Brick, No
Sewer Public Sewer
Water Lake Michigan
Structure Type Brick
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Sean McDonald of Berkshire Hathaway HomeServices Chicago
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "