1842 S St Louis Ave

$490,000
Last Sold Price
10
Beds
3,600 Sq. Ft.
$136 / Sq. Ft.
3,600
Sq. Ft.
$136
per Sq. Ft.

Description

Presenting this fantastic Investment Opportunity in the vibrant North Lawndale Neighborhood. This spacious Refurbished Legal 2-Flat Greystone with three rental opportunities features two units with 4bedrooms/1bath each and a finished 2bed/1bath Lower Level in-Law unit that has a front & rear egress. Whether you're looking to make this your forever home or invest in a rental opportunity, this building with LOW TAXES ($2,540 W/OUT a Homeowner's Exemption) offers tremendous potential. With no current...Presenting this fantastic Investment Opportunity in the vibrant North Lawndale Neighborhood. This spacious Refurbished Legal 2-Flat Greystone with three rental opportunities features two units with 4bedrooms/1bath each and a finished 2bed/1bath Lower Level in-Law unit that has a front & rear egress. Whether you're looking to make this your forever home or invest in a rental opportunity, this building with LOW TAXES ($2,540 W/OUT a Homeowner's Exemption) offers tremendous potential. With no current tenant leases, the income-generating potential is wide open for investors. Healthy Rental Comps show low market times and up to $2,583 for a 4bed/1bath rental without parking. See MLS#:11955268 for similar sized comparable rental located at 1635 S Central Park. A great comparable for a 2bed/1 bath Rental is located at 1915 S Avers (MLS#:12026088). This unit rented for $1,650 in two days. Making the estimated Monthly Rental Yield $6,816 and $81,792 annually. The cost of doing business is everything when it comes to multi-family ownership. That is why we covered all the essentials; all units have separate heating & in-unit washer & dryers. Please note: seller does not warrant the legality of the in-law garden unit. However, the property is located in one of the five ADU pilot areas, the "West Zone." Apply for a Additional Dwelling Unit zoning change at www chicago gov/adu to add the lower level as a legal ADU and further increase value. COMPETITIVE ADVANTAGE: Your tenants will love our spacious living spaces with separate dining rooms, eat-in kitchens and the BRAND NEW decks. This is an ideal opportunity for owner-occupants or investors looking to capitalize on a strong rental market with potential for rental growth and a stable tenant base. This is your end of Summer Must Have! If you've been debating whether to buy or not, this is your sign to DO IT!
  1. Listed by Karla Mina • MPower Residential Brokerage LLC

Sold By @properties Christie's International Real Estate

Property Details for 1842 South St Louis Avenue

Area
CHI - North Lawndale
Township
West Chicago
Ownership
Fee Simple
Num Of Parking Spaces
2.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas, Forced Air
Architectural Style
Greystone
Zoning
MULTI
LISTING UPDATED: 07/29/2025 09:36 AM

Property Details for 1842 South St Louis Avenue

StatusClosed
MLS #12187061
Days on Market15
Taxes$2,540 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 3 Flat
Year Built1898
Lot Size0.07 AC / 3,049 SF
CountyCook County
Add your commute

Building Information for 1842 South St Louis Avenue

Stories-Residences3Year Built1898Building Size-Lot Size0.07 AC / 3,049 SF

Payment Calculator

$2,779 per month

30 year fixed, 6.845% Interest

Principal and Interest

$2,567

Property Taxes

$212

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1842 South St Louis Avenue

General Information
School Information
  • Elementary School District: 299
  • Elementary School: Crown Elementary School Comm Acd
  • Jr High Middle School: Crown Elementary School Comm Acd
  • High School District: 299
  • High School: Farragut Career Academy Senior H
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Parking: None
  • Parking Details: Off Alley, Off Street, Alley Access, On Site, Owned
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num Of Rooms: 16
  • Bedrooms (Below Grade): 0
  • Community Features: Curbs, Gated, Sidewalks, Street Lights, Street Paved
  • Basement Type: Finished, Exterior Entry, Full
  • Bedrooms Possible: 10
  • Basement Description: Finished, Exterior Access
  • # Full Baths in Building: 3
  • # Half Baths in Building: 0
  • Num of Baths: 3.0
Exterior Features
  • Fencing: Fenced
  • Patio And Porch Features: Deck
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
  • Other Equipment: CO Detectors, Water Heater-Gas
Property/Lot Information
  • Exterior Property Features: Deck
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2024
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Description: Corner Lot
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 25X125
  • Total # Units in Building: 3.0
  • Other Structures: None
  • Waterfront: No
  • Exterior Building Type: Brick, Stone
  • Construction: Brick, Stone
  • Roof Type: Rubber
  • Foundation Details: Concrete Perimeter
  • General Information: None
  • North Coordinate: 0
  • South Coordinate: 1800
  • East Coordinate: 0
  • West Coordinate: 2300
  • Lot Size Source: County Records
  • 3 Br Un In Bldg: Yes
  • Conversion: N
Property and Assessments
  • Public Document Count: 2
  • Document Date: 2024-10-17T19:38:58
  • Photos Count: 18
  • Deconversion: N
  • OpenHouse Count: 1
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Fuel Expense: $.00
  • Gross Income: $.00
  • Other Addl Income: Parking Space/s
  • Net Operating Income: $.00
  • Professional Management Expense: $.00
Unit 1
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 0
Unit 2
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 0
Unit 3
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 0

Property History for 1842 South St Louis Avenue

DateEvent & SourcePriceAppreciation
Dec 12, 2024

Sold

MRED #12187061

$490,000
Oct 26, 2024

Pending

MRED #12187061

Oct 12, 2024

Listed (Active)

MRED #12187061

$475,000
Oct 11, 2024

Cancelled

MRED #12136903

$475,000
Oct 11, 2024

Listed (Active)

MRED #12136903

$475,000
May 17, 2024

Sold

MRED #11999978

$215,000
Apr 25, 2024

Pending

MRED #11999978

Apr 16, 2024

Listed (Active)

MRED #11999978

$175,000
Mar 15, 2019

Sold

MRED #10144493

$92,000
Feb 4, 2019

Listed (Active)

MRED #10144493

$160,000
Dec 21, 2018

Pending

MRED #10144493

Nov 27, 2018

Listed (Active)

MRED #10144493

$160,000
Nov 16, 2018

Expired

MRED #09988022

$160,000
Jun 16, 2018

Listed (Active)

MRED #09988022

$160,000
Nov 3, 2015

Sold

MRED #08948483

$59,320
Sep 17, 2015

Pending

MRED #08948483

Jun 9, 2015

Listed (Active)

MRED #08948483

$72,000
Feb 14, 2015

Expired

MRED #08770449

$32,000
Nov 6, 2014

Listed (Active)

MRED #08770449

$32,000
Jun 10, 2012

Expired

MRED #07971822

$60,000
Apr 6, 2012

Listed (Active)

MRED #07971822

$75,000
DateEvent & SourcePrice
12/12/2024

Sold

MRED #12187061

$490,000
10/26/2024

Pending

MRED #12187061

10/12/2024

Listed (Active)

MRED #12187061

$475,000
10/11/2024

Cancelled

MRED #12136903

$475,000
10/11/2024

Listed (Active)

MRED #12136903

$475,000
05/17/2024

Sold

MRED #11999978

$215,000
04/25/2024

Pending

MRED #11999978

04/16/2024

Listed (Active)

MRED #11999978

$175,000
03/15/2019

Sold

MRED #10144493

$92,000
02/04/2019

Listed (Active)

MRED #10144493

$160,000
12/21/2018

Pending

MRED #10144493

11/27/2018

Listed (Active)

MRED #10144493

$160,000
11/16/2018

Expired

MRED #09988022

$160,000
06/16/2018

Listed (Active)

MRED #09988022

$160,000
11/03/2015

Sold

MRED #08948483

$59,320
09/17/2015

Pending

MRED #08948483

06/09/2015

Listed (Active)

MRED #08948483

$72,000
02/14/2015

Expired

MRED #08770449

$32,000
11/06/2014

Listed (Active)

MRED #08770449

$32,000
06/10/2012

Expired

MRED #07971822

$60,000
04/06/2012

Listed (Active)

MRED #07971822

$75,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1842 South St Louis Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - K to 8
Charter - 9 to 12
Rating
School
Distance
Farragut Career Academy High School
Public9 to 12

Legacy Elementary Charter School
CharterK to 8

North Lawndale Prep Charter - Christ
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of MPower Residential Brokerage LLC

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 07/29/2025 09:36 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.