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Chicago
$1,310,000
12477032 MLS
Pleased to present the exclusive offering of Central Avenue Apartments, a 17-unit multifamily property located in the Austin neighborhood of northwest Chicago. This well-maintained property represents an attractive investment with strong in-place income, immediate cash flow, and significant upside potential through strategic unit renovations and rent increases.The property is 100% occupied, offering stability for a new investor, with current rents well below market. With a light value-add program ($5,000 per unit upon turnover), rental income can be pushed to market levels, creating strong returns and long-term appreciation. Property Details Address: 1405-13 N. Central Ave., Chicago, IL 60651 Units: 17 Total SF: 10,816 List Price: $1,400,000 Occupancy: 100% Unit Mix & Rents Current Average Rent: $997 Pro Forma Average Rent: $1,291 Current Average PSF: $1.70 Pro Forma Average PSF: $2.18 Pro forma figures incorporate a $5,000 per unit renovation budget as leases naturally turn, enabling backfilling at higher market rent levels. Financial Highlights Current NOI: $113,627 Pro Forma NOI: $164,313 Current Cap Rate: 8.12% Pro Forma Cap Rate: 11.14% Current GRM: 6.88 Pro Forma GRM: 5.60 Price / SF: $129 Price / Unit: $82,353 Investment Highlights Stabilized Occupancy: 100% leased, offering immediate cash flow. Value-Add Upside: Below-market rents with ability to push to pro forma levels through unit turnovers and $5k/unit upgrades. Efficient Size: 17-unit property, manageable for both first-time investors scaling into multifamily or seasoned owners seeking additional cash flow. Northwest Chicago Location: Situated in the Austin neighborhood, with access to strong tenant demand, local employment centers, and public transportation. Attractive Financial Metrics: Opportunity to achieve an 11%+ cap rate and reduce GRM below 6 with modest renovations. Central Avenue Apartments offers investors a stabilized, cash-flowing multifamily asset in one of Chicago's largest neighborhoods. With immediate income, strong financial performance, and clear value-add potential, this property represents a compelling investment for both local and regional buyers seeking strong returns in the Chicago multifamily market.

Chicago

1258 N Mayfield Avenue, Chicago
$605,000
3 Beds ⋅ 4 Baths ⋅ 12550583 MLS
Best deal in the area for New construction Home!!! Welcome to this striking new construction home, thoughtfully designed with a clean, modern exterior featuring durable fiber cement siding, stone accents, and bold contemporary architectural lines. Situated on a fully fenced corner lot, the property offers exceptional curb appeal, added privacy, and abundant natural light throughout. Inside, the main level impresses with a bright, open-concept layout highlighted by wide-plank oak hardwood floors, recessed lighting, and sleek linear LED ceiling accents that create a refined, high-end ambiance. The living room is anchored by a custom electric fireplace feature wall, seamlessly flowing into a refined kitchen showcasing crisp white cabinetry, elegant quartz countertops, and a statement island perfectly balancing luxury, light, and functionality. The first floor also includes a private office, a stylish powder room, and direct access to the deck and backyard for effortless indoor-outdoor living. The second level offers 9-foot ceilings and three generously sized bedrooms, including a spacious primary suite with his-and-hers closets and a private ensuite bath. A conveniently located second-floor laundry adds everyday ease. The fully finished basement is ideal for entertaining or extended living, featuring a wet bar with beverage refrigerator, a family room with TV and fireplace wall insert, two additional bedrooms, and a full bathroom. The home extends seamlessly outdoors to a private rear yard with a wood deck, perfect for entertaining or quiet retreat. A detached oversized 2.5 garage, concrete side drive, and full perimeter fencing for convenience safety and privacy.

1258 N Mayfield Avenue, Chicago

1747 N Luna Avenue, Chicago
$600,000
7 Beds ⋅ 3 Baths ⋅ 12745807 MLS
Welcome to this beautifully renovated 2-unit flat with an additional in-law suite within the sought-after Austin neighborhood! Offering a total of 7 bedrooms, 3 bathrooms, a fully finished basement, and central air conditioning, this turnkey property is an exceptional opportunity for both owner-occupants and investors. The first-floor unit features a bright and spacious living room, a separate dining room, and a stunning newly renovated kitchen with white shaker cabinets, elegant quartz countertops, and stainless steel appliances. This unit also includes three bedrooms. The second-floor unit offers a similar inviting layout with a spacious living room, formal dining room, beautifully updated kitchen, two bedrooms, a full bathroom, and the added convenience of its own dedicated mechanical room. The recently finished basement provides excellent additional living space or income potential with two bedrooms, a full bathroom, kitchen and living area. Recent upgrades include beautiful hardwood floors throughout, new A/C condensers, a new injecting pump, three separate electrical meters and an updated garage equipped with a Wi-Fi-enabled garage door opener. Conveniently located near shopping, restaurants, parks, schools, and public transportation, this move-in-ready property offers the perfect combination of modern updates, versatility, and strong income potential. Whether you're looking to live in one unit while generating rental income or expand your investment portfolio, this is an opportunity you won't want to miss. Schedule your private showing today!

1747 N Luna Avenue, Chicago

1742 N Mayfield Avenue, Chicago
$595,000
6 Beds ⋅ 3 Baths ⋅ 12562544 MLS
This is your chance to break into one of the area's hottest neighborhoods at a significantly improved value. Welcome to this beautifully updated 2-flat with an additional in-law suite, offering the perfect setup for owner-occupants and investors alike. Each unit features an open-concept layout, two generous bedrooms, gleaming hardwood floors, and modern kitchens finished with marble countertops, soft-close cabinetry, and stylish designer touches. The updated bathrooms throughout reflect the same upscale finishes, creating a cohesive, move-in-ready feel. The in-law suite adds versatility-ideal for extended family, guest space, or additional rental income. Two units are currently occupied, providing immediate cash flow while still leaving room to add value.

1742 N Mayfield Avenue, Chicago

1801 N Lotus Street, Chicago
$530,000
6 Beds ⋅ 2 Baths ⋅ 12674708 MLS
Excellent opportunity to own a well-maintained brick two-flat featuring spacious, sun-filled units and numerous updates throughout. The first-floor apartment offers 6 rooms, 3 bedrooms, 1 full bath, beautiful hardwood floors, updated cabinetry with Formica countertops, fresh paint, and abundant natural light. The second-floor apartment mirrors the layout with 6 rooms, 3 bedrooms, 1 full bath, bright living spaces, and attractive hardwood flooring. The property also features a large finished basement with an open loft-style layout, providing additional flexible living, recreation, storage, or workspace possibilities. Additional highlights include: Two gas forced-air heating systems Beautiful hardwood floors throughout Freshly painted interiors Spacious rooms with excellent natural light Large backyard 2-car garage Solid brick construction Separate living spaces ideal for owner-occupants or investors Conveniently located near transportation, shopping, parks, and schools, this property offers strong owner-occupancy appeal as well as excellent rental potential. A rare opportunity to own a spacious, move-in-ready brick two-flat with a finished basement, garage, and large yard.

1801 N Lotus Street, Chicago

1653 N Mason Avenue, Chicago
$515,000
6 Beds ⋅ 4 Baths ⋅ 12640445 MLS
Excellent investment opportunity in Chicago! This well-maintained 2-unit building offers approximately 3,900 sq ft of living space and is ideal for investors or owner-occupants. Each unit features 3 bedrooms, 1 full bath, and spacious layouts with a total of 5 rooms per unit. The property includes a full finished basement with 2 additional bedrooms plus a separate office space. Separate utilities for the first and second floors add convenience and efficiency. Unit 1 offers new kitchen. Unit 2 offers washer and dryer hookup. Enjoy modern updates throughout, including hardwood floors, stainless steel appliances, and a well-kept interior. Exterior improvements include a new garage about a month old. This property has been well cared for and offers strong income potential in a desirable location. Don't miss this versatile, income-generating property! Back on market - previous buyer was unable to secure financing. Their loss is your gain!

1653 N Mason Avenue, Chicago

4840 W Wabansia Avenue, Chicago
$500,000
5 Beds ⋅ 3 Baths ⋅ 12687470 MLS
Don't miss this opportunity to own a beautifully maintained 2-unit building in Chicago's sought-after North Austin neighborhood. Offering the perfect blend of owner-occupant appeal and investment potential, this property presents an excellent opportunity to generate rental income while building long-term equity. The owner-occupied SECOND FLOOR unit has been meticulously maintained and thoughtfully updated, offering a bright, open-concept layout with hardwood floors, recessed lighting, modern fixtures, and in-unit laundry. The updated kitchen features quartz countertops, custom cabinetry, stainless steel appliances, and ample storage, while the spacious living and dining areas provide the perfect setting for everyday living and entertaining. The beautifully renovated bathroom showcases contemporary finishes and a spa-like walk-in shower, adding to the unit's overall appeal. Both units offer 2 bedrooms, 1 bathroom, formal living and dining rooms, hardwood floors, and enclosed rear porches that provide valuable additional storage space. Separate mechanical systems, including individual furnaces, water heaters, electrical panels and thermostats, add convenience and flexibility. You will also appreciate the expansive finished basement with a private entrance, adding significant usable space to the property. The basement features a large recreation area, separate bedroom/office room, full bathroom, and generous storage. This versatile space offers tremendous flexibility for tenant amenities, a home office, fitness area, recreation room, guest accommodations, or additional storage, enhancing both the property's functionality and long-term value. Outside, you'll find a fenced backyard designed for both relaxation and entertaining. The impressive 2.5-car garage features a double overhead door and substantial attic storage above, while the attached covered patio area creates the perfect outdoor gathering space. Complete with a ceiling fan and ample room for seating, grilling, and entertaining, it's an ideal spot to enjoy summer cookouts, family get-togethers, or simply unwind outdoors. Conveniently located just steps from the Grand/Cicero Metra station and close to grocery stores, restaurants, local shops, public transportation and everyday conveniences, this property offers both value and accessibility. Schedule your private tour today!

4840 W Wabansia Avenue, Chicago

4820 W Wabansia Avenue, Chicago
$495,000
6 Beds ⋅ 3 Baths ⋅ 12440038 MLS
Well-Maintained, Income-Generating Brick 2-Flat - Many Updates! Rehabbed in 2017 and meticulously maintained since, this AS-IS brick 2-flat is a fantastic opportunity for both owner-occupants and savvy investors. Featuring security cameras throughout, a large fenced yard, and a newer garage built in 2018 (replacing a former parking pad), this property is move-in ready for tenants or your own residence. Recent improvements include tuckpointing and updated concrete around the perimeter (2023), newer appliances in Unit 2, and an updated laundry room conveniently located next to the finished basement. Rental income offers excellent mortgage assistance or a strong cash flow investment. Prime location close to shopping and public transportation makes this property even more appealing. Live in one unit and rent the others, or add to your investment portfolio with confidence. Note: Owner and agent do not confirm the legality of the basement unit. Don't wait-schedule your showing today!

4820 W Wabansia Avenue, Chicago

4923 W Concord Place, Chicago
$494,850
6 Beds ⋅ 4 Baths ⋅ 12602018 MLS
Nestled in the up-and-coming North Austin neighborhood of Chicago, 4923 W Concord Pl is an outstanding investment opportunity that's ready to deliver both immediate cash flow and long-term potential. This solid 3-unit property has been recently updated and is perfect for savvy investors looking to grow their portfolio in a neighborhood that's on the rise. Each unit offers ample living space and charming features, appealing to tenants seeking comfortable and convenient urban living. The building has been well-maintained, with updates that make ownership worry-free. With strong rental demand in the area, this property is poised to generate consistent income right from the start. North Austin is quickly becoming a hotspot for investors and renters alike, thanks to its affordability and proximity to public transportation, parks, schools, and shopping. It's a community on the brink of transformation, with exciting developments and increasing property values making it a smart choice for forward-thinking buyers. Don't miss your chance to own a property that blends immediate returns with future growth potential. Whether you're a seasoned investor or just starting your journey, 4923 W Concord Pl is the opportunity you've been waiting for! All 3 units have been recently renovated. 1.5 car garage, coin laundry. Roof age silver coated within past 5 years. Walk to CTA Bus, retail, shopping, grocery, gym, Walmart, Metra and more! Seller nor broker represent legality of garden unit. Please note: there is no Homeowner exemption on the taxes.

4923 W Concord Place, Chicago

5310 W Bloomingdale Avenue, Chicago
$490,000
6 Beds ⋅ 3 Baths ⋅ 12531363 MLS
With updates already done and strong rental potential and high demand area in a fast -moving neighborhood, this building is the kind of opportunity investors love and home owners appreciate. Beautiful 2 Units brick building well-maintained property offers a total of 6 bedrooms and 3 full baths, 2nd unit offers 2 bedrooms 1 full bath, updated Kitchen Oak cabinets, granite countertops stainless steel appliances and open concept dining room. Hardwood floors through out 2nd unit. 1st unit offer open concept beautiful kitchen and dinning room, spacious living room . first unit appliances, washer and dryer are not staying Finished basement with 2 bedrooms and 1 full bath. Car garage was built in 2020 for 2 1/2 cars giving the home excellent curb appeal and long -term value. Offers concrete driveway and patio. prime location -just a short walk from shopping, dinning, parks, and public transportation. Whether you're searching for a home or a lucrative investment, this property check all the boxes. Broker is related to seller ***Broker Owned***

5310 W Bloomingdale Avenue, Chicago

5171 W Bloomingdale Avenue, Chicago
$487,000
7 Beds ⋅ 3 Baths ⋅ 12714528 MLS
MULTIPLE OFFERS RECEIVED! SELLER IS REQUESTING HIGHEST & BEST OFFERS TO BE SUBMITTED BY SUNDAY, JULY 26th @ 7PM. Exceptional opportunity to own a beautiful classic Chicago style brick 2 flat located in the North Austin neighborhood. This 2 flat offers excellent space and versatility. This property features two spacious 3-bedroom units plus a garden apartment. Each unit boasts a large eat-in kitchen with plenty of cabinet space, bright and airy living and dining rooms and spacious bedrooms. The first floor bathroom has been recently remodeled. The units have been freshly painted for a clean, move in ready feel. Additional updates include new windows on the rear porch, enhancing energy efficiency. Whether you're an investor or owner occupant, this property is a fantastic opportunity in a desirable area.

5171 W Bloomingdale Avenue, Chicago

5527 W Potomac Avenue, Chicago
$479,000
5 Beds ⋅ 3 Baths ⋅ 12578112 MLS
Legal 2-Flat Chicago Style Brick Building - Great Investment Opportunity Well-maintained legal 2-flat with a garden unit located in the North Austin neighborhood of Chicago. This classic Chicago-style brick building features hardwood floors throughout and updated kitchens and bathrooms in the main units. The property has been freshly painted and is move-in ready. The first and second floor units each have strong rental potential, with projected rents between $1,800-$2,200 per month. Additional features include a two-car garage, a private backyard with space for grilling and outdoor gatherings, and a secure iron gate fence surrounding the property. Located in North Austin, this property is close to community amenities and activities for youth and families, making it an attractive opportunity for both investors and owner-occupants.

5527 W Potomac Avenue, Chicago

4845 W Potomac Avenue, Chicago
$475,000
4 Beds ⋅ 2 Baths ⋅ 12567096 MLS
More affordable than renting! Don't miss this incredible opportunity to live in one unit and rent out the other. Completely remodeled with permits, giving you peace of mind! This solid 2-unit building with unfinished basement features two spacious units, each offering an open-concept living and dining area, 2 bedrooms, and 1 full bathroom. All major components have been updated, including new siding, electrical, HVAC systems, roof, and plumbing. Each unit showcases a modern kitchen with new stainless steel appliances, and gleaming quartz countertops, beautifully updated contemporary bathrooms, laundry room hookups, refinished hardwood floors, and new windows throughout. Situated on an oversized lot, the property includes a parking pad for up to three cars and is fully gated for added security. Low property taxes make this an even more attractive investment opportunity or ideal owner-occupied property. Located in booming North Austin, the property offers easy access to public transportation and major highways (I-290 & I-90). Close to schools, parks, shopping, restaurants, and everyday conveniences. A strong rental market with steady demand makes this a smart investment in a growing community.

4845 W Potomac Avenue, Chicago

1511 N Linder Avenue, Chicago
$460,000
5 Beds ⋅ 2 Baths ⋅ 12621389 MLS
You are invited to experience a completely reimagined and meticulously restored expression of Chicago's classic brick bungalow. 1511 N. Linder embraces the proud spirit and proven grit of the city's workforce housing. This inspired redesign not only honors that artisanal tradition; it transcends it, transforming the home into a refined oasis of modern luxury living. THE APPROACH The approach is intentional. Clean concrete steps rise through a manicured yard framed by iron fencing and fresh, custom landscaping. Step inside and the home opens with light, height, and inviting elegance. Solid wood flooring graces a generous front room designed for everyday ease, gathering, and the occasional celebration. THE LIVING SPACE A striking fireplace anchors the front room with luminous white stonework and warm architectural detail. It offers soft, quiet warmth and nurturing energy to the home, marrying form and function. THE KITCHEN The kitchen is a masterpiece of modern design. Custom cabinetry, a polished stone workspace, and curated fixtures come together with chef's precision to create an inspired hearth for elevated living and effortless hosting. THE BATHS Your baths offer comfort with a soft, airy feel. Curated finishes, designer tile, and layered ambient lighting all work in harmony to create a calm, spa-inspired retreat. SPACE TO LIVE Five bedrooms, a spacious home office, and two full baths allow for comfortable daily living, overnight company, or even long term guests. OUTDOOR LIVING A gorgeous rear deck extends your enjoyment outdoors. It invites both morning coffee and easy evening connection. Just beyond your rose garden backyard, an EV-ready two car garage offers smart energy savings. FINAL WORD Every finish reflects care. Every choice speaks to value. This home is a dream by design. You deserve to make it yours. Schedule your private showing today.

1511 N Linder Avenue, Chicago

5233 W Potomac Avenue, Chicago
$455,000
4 Beds ⋅ 2 Baths ⋅ 12690634 MLS
Charming solid brick two-flat in the Austin neighborhood offering strong investment potential and flexible living arrangements. Each unit features 2 bedrooms, a separate living room, and a formal dining room, along with a nice-sized kitchen featuring tile flooring. Hardwood floors run throughout the living, dining and bedroom areas, adding durability and classic character. A bonus room off one bedroom provides flexible use as a sunroom, enclosed porch, home office, or hobby space. Recent improvements include a recently coated roof and fresh interior paint, giving the property a clean, refreshed presentation. A decorative fireplace with electric insert capability adds additional charm. Full basement with front and rear access offers ample storage and strong potential for future finishing or customization. Detached garage framed, with exterior siding and concrete finishing work remains. Unit 1 is vacant and easy to show. Unit 2 is occupied by a family member also easy to show. Well-maintained structure with solid bones and value-add potential-ideal for investors or owner-occupants seeking additional income.

5233 W Potomac Avenue, Chicago

1400 N Lawler Avenue, Chicago
$455,000
4 Beds ⋅ 2 Baths ⋅ 12678547 MLS
Welcome to 1400 N. Lawler Ave., a beautifully renovated corner brick two-flat in Chicago's sought-after North Austin neighborhood. Completely rehabbed in 2022, this exceptional investment opportunity offers the perfect blend of modern updates, strong income potential, and timeless curb appeal. Situated directly across from the park, this impressive light beige brick building enjoys abundant natural light, open views, and a peaceful residential setting. Both units are currently leased, providing immediate cash flow from day one. Investors will appreciate the stable rental income, while owner-occupants have the flexibility to move into a unit in the future and offset living expenses with rental income. The unfinished basement presents incredible potential to create additional living space, expand income opportunities, or design the perfect owner's retreat. A brick two-car garage provides even more revenue potential through garage rentals or added convenience for occupants. Perfectly positioned near public transportation, major highways, shopping, restaurants, schools, and everyday conveniences, this property offers unmatched accessibility while maintaining the charm of a quiet, tree-lined block. Whether you're looking to expand your portfolio, generate passive income, or secure a property with future value-add opportunities, 1400 N. Lawler Ave. delivers on every level. A rare opportunity to own a turn-key, income-producing building in a prime location with endless possibilities for growth and appreciation.

1400 N Lawler Avenue, Chicago

4950 W Kamerling Avenue, Chicago
$440,000
5 Beds ⋅ 2 Baths ⋅ 12689069 MLS
GREAT OPPORTUNITY TO OWN THIS BEAUTIFULLY UPDATED 2-UNIT BUILDING IN A DESIRABLE AREA! MANY UPDATES INCLUDE 2 NEW KITCHENS WITH QUARTZ COUNTERTOPS, NEW BATHROOMS, FRESH PAINT THROUGHOUT, AND SHINY REFINISHED HARDWOOD FLOORS. FEATURES ALSO INCLUDE ALL NEW LIGHT FIXTURES, 2 NEW SETS OF APPLIANCES, ALL NEW RADIATORS, A NEW GARAGE DOOR, AND ALL NEW INTERIOR DOORS ON THE 2ND FLOOR. THE 1ST FLOOR FEATURES 2 BEDROOMS, 1 FULL BATH, SEPARATE SUNNY LIVING AND DINING ROOMS, AND A NEW KITCHEN WITH 42" CABINETS AND A WALK-IN CLOSET, PLUS A DEN. THE 2ND FLOOR OFFERS 3 BEDROOMS, A NEW FULL BATH, SPACIOUS LIVING ROOM, KITCHEN WITH WALK-IN CLOSET, REAR PORCH. SEMI-FINISHED BASEMENT INCLUDES A LAUNDRY AREA, UTILITY ROOM, WORKSPACE, AND PLENTY OF STORAGE. ENJOY THE 2-CAR GARAGE AND LARGE REAR PATIO. GREAT INVESTMENT OPPORTUNITY-LIVE IN ONE UNIT AND RENT OUT THE OTHER, OR MAKE IT YOUR OWN HOME SWEET HOME! Multiple offers, highest and best offers due Sunday 06/28/26 at 7 Pm. Thanks,

4950 W Kamerling Avenue, Chicago

1640 N Linder Avenue, Chicago
$440,000
4 Beds ⋅ 3 Baths ⋅ 12600067 MLS
Exceptionally maintained brick two unit in Chicago's North Austin neighborhood, an area with strong rental demand and convenient access to major amenities. The property offers multiple income producing possibilities, a detached 2-car garage, and a finished nonconforming basement level for added flexibility. Permits will be required to legalize the 3rd unit in the basement. Recent improvements and key features include: recently refreshed back porch (2026), newer roof (2021), fully enclosed back/side privacy fencing, separate utilities, full electrical upgrade to 200amp service, two newer A/C condensers, newer 2-car garage with concrete pad providing additional parking for up to 4 cars, and turnkey units with beautiful hardwood floors, updated vinyl luxury flooring, and trending paint colors throughout. First Floor: Living Room, Dining Room, Kitchen, 2 Bedrooms, 1 Bath, plus a tandem room suitable for a walk-in closet with electrical panel for full control. Stable tenancy in place with lease expiring June 2026. Second Floor: Living Room, Dining Room, Kitchen, 2 Bedrooms, 1 Bath, plus a tandem room suitable for a den, nursery, or office. This unit will be delivered vacant for immediate occupancy or rental. Basement (Nonconforming): Finished space with 2 bonus rooms and 1 Bath. With proper city approvals, this level can be positioned for rental use. Permits will be required to legalize the 3rd unit. This property is also a strong candidate for FHA 203K or renovation style financing, offering buyers an opportunity to complete the required basement conversion or deconversion while building long-term value. This quality, owner cared for brick two unit is a solid option for owner occupants or investors seeking a building with strong income potential in a high demand area.

1640 N Linder Avenue, Chicago



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