Properties

Features
: Natural Gas
: Full , Walk-Out Access , Finished
: Owned , Yes
: Public Sewer
Address Map
US
IL
Cook
Chicago
60623
Kedzie
1307
Avenue
W88° 17' 40.9''
N41° 51' 51.6''
KEDZIE NORTH OR SOUTH TO 13TH TO PROPERTY.
CHI - North Lawndale
S
Neighborhood
299
299
299
Additional Information
: Brick
3,000 SQ FT
: Public , Lake Michigan
Chicago Real Estate Authority
Scott Siegel
Financial
10163
Listing Information
Mathew Kizhakkadathu
1012571
88321
Chicago Real Estate Authority
180691
88321
New
2026-07-16T23:17:03Z
MRED
: None
2026-07-14T17:50:15Z
Property Description

Turnkey 4-unit brick greystone, fully gutted and rebuilt in 2020, offering four spacious 3-bedroom /1-bath units (12 bedrooms total) plus a finished walkout garden level and two exterior parking spaces. Steps from Douglass Park and the Pink Line, and minutes to the Illinois Medical District, the West Loop, and I-290 – a location drawing steady renter demand and sustained investor interest along the revitalizing Ogden corridor. Each unit was rebuilt with modern kitchens, updated baths, and separate mechanicals, positioning the building for immediate lease-up at current market rents. Comparable renovated 3-bedroom units in North Lawndale are leasing in the $1,500-$1,800 range, giving a new owner a clear path to strong, stabilized cash flow with value-add upside on any below-market unit. Tax advantage: The 2025 assessment was successfully appealed at the Cook County Board of Review, reducing the assessed value from 50,400 to 40,174 – roughly a 20 pct reduction and an estimated annual savings of about $2,000. Post-appeal real estate taxes are projected in the ~$7,600-$8,100 range, materially lowering carrying costs and directly improving NOI for an income-focused buyer. Ideal for an investor seeking stabilized West Side cash flow or an owner-occupant house-hacker. As a 4-unit, the building qualifies for the Fannie Mae 5 pct-down owner-occupant program (2-4 units), which – unlike FHA – does not require the property to pass the self-sufficiency (net rental income) test, widening the buyer pool. Financing eligibility subject to buyer qualification. Offering memorandum with rent roll and expense detail available on request.

Residential Income For Sale

1307 S Kedzie Avenue, Chicago, Illinois 60623

  • Bedrooms : 12
  • Bathrooms : 4
$630,000
Listing ID#12697348
QR Code
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 12697348
Price : $630,000
Bedrooms : 12
Rooms : 24
Bathrooms : 4
Year Built : 1897
Listing Status : Active
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