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$ 99,999
Est. payment /mo
New
1806 S Homan AVE Chicago, IL 60623
6 Beds
2 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12424342
Bedrooms 6
Year Built 1903
Annual Tax Amount $1,203
Tax Year 2023
Lot Dimensions 3125SQFT
Property Sub-Type Two to Four Units
Property Description
Investor Special in Booming North Lawndale! Incredible opportunity to purchase a full gut-rehab project in one of Chicago's most rapidly appreciating neighborhoods. Located just steps away from recent sales like 1520 S Homan (sold at 500,000), this property offers immense upside with after-repair values (ARV) consistently ranging from $475,000 to $500,000. Ideal for seasoned investors or buyers using an FHA 203k loan with experienced contractor, this property is your chance to create instant equity in a thriving market. Take advantage of the strong rental market or flip potential-renovated homes nearby command top dollar. Don't miss this prime investment opportunity to capitalize on North Lawndale's explosive growth! Multiple comps at 500k reach out to listing agent for CMA.
Location
State IL
County Cook
Area Chi - North Lawndale
Rooms
Basement Unfinished, Full
Interior
Heating Other
Fireplace N
Building
Dwelling Type Two to Four Units
Building Description Brick, No
Water Public
Structure Type Brick
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition Short Sale
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Vincent Roofe • Exit Strategy Realty