3003 Kedvale Avenue, South Lawndale, Chicago, Illinois 60623


$450,000

Sold
Status: Closed
Sqft: 0
Cost/Sqft:
Beds: 11
Baths: 0
Year Built: 1907
Property Taxes: $7,806
Days On Market: 179
Lot Size: 0,07
Map
Street View

Description

Pleased to offer the opportunity to purchase a 4,017 SF brick multifamily building located at 3003 S Kedvale Ave, Chicago, IL 60623. The property consists of four spacious units, making it a high-income-producing asset with strong tenant demand. Three units each feature three generously sized bedrooms, separate dining and living rooms, and private porch access for additional storage, while the fourth unit has a two-bedroom, one-bathroom layout, with separate dining and kitchen. Building is fully stabilized, providing immediate rental income and strong cash flow. Only one rental rate is close to the current market rent, offering the potential for immediate rental upside with strategic adjustments for the remaining three. At full stabilization, the property benefits from lower tax liabilities, increasing netoperating income (NOI). Utilities are equipped with four separate gas meters and four separate electrical meters, ensuring tenant-paid utilities and reduced owner expenses. The property has a mix of copper and galvanized plumbing. Electrical updates and tuckpointing: 2015. Roof: ten years old. Heaters for Units 1, 2, and 4: 2022. Boilers-Units 1 and 4: 2018, Unit 2: 2022, Unit 3: 2023. 4th unit windows: 2024. The building also includes a sump pump for added safety. Parking features a detached 2.5-car garage, with two vehicles currently housed at a charge of 150 Dollars per month, and ample enclosed backyard space, providing additional tenant value. All units feature true hardwood flooring throughout, ensuring long-term durability and appeal. The Little Village rental market continues to show strong demand, with competitive lease rates in the 60623 zip code; full rental rate study for the market within our complete offering details which you may request. With 4,017 SF of total building space, the property delivers a high rental revenue per square foot, making it an excellent turnkey investment for cash flow-focused buyers. This property is positioned in one of Chicago's strongest rental submarkets, offering prime access to transit, recreation, and long-term anchor businesses, including the 31st Street Bus (Route 31) just steps from the property and the Pulaski Road Bus (Route 53) accessible within a 5-minute walk, providing direct connections to surrounding neighborhoods. The property is minutes from I-55 (Stevenson Expressway) ramps, allowing for seamless access to downtown Chicago and beyond. The property is also close to Piotrowski Park, a key community staple offering recreational facilities and hosting numerous community events, and the property is located on the same block as Chicago Fire Department Engine Company 109, enhancing safety and potential insurance benefits. Surrounded by essential services, grocery stores, and national retailers, the area also features Home Run Inn Pizza, a long-term anchor business nearby. This turnkey multifamily asset in Little Village offers strong rental upside, minimal expenses, and a strategic Chicago location, making it an ideal investment for both experienced and first-time multifamily investors. Contact The Listing Agent Directly For The Complete Offering Details.

Property Specifics

Multi-unit
1907
No
0.07
Cook
— / —
12312814
16274290020000

Property History

DATE: EVENT: PRICE: SOURCE:
7 Jul, 2025 Sold $450,000 MRED MLS
4 May, 2025 Under contract $450,000 MRED MLS
16 Mar, 2025 Listed for sale $450,000 MRED MLS

Room Specifics

All Bedroom Info:
Total Bedrooms: 11
Bedrooms Above Ground: 11
Bedrooms Below Ground: 0
Second Bedroom Info:
Dimensions: —
Location: —
Floor Type: —
Third Bedroom Info:
Dimensions: —
Location: —
Floor Type: —
Fourth Bedroom Info:
Dimensions: —
Location: —
Floor Type: —
Fifth Bedroom Info:
Dimensions: —
Location: —
Floor Type: —
Sixth Bedroom Info:
Dimensions: —
Location: —
Floor Type: —
Seventh Bedroom Info:
Dimensions: —
Location: —
Floor Type: —
Eighth Bedroom Info:
Dimensions: —
Location: —
Floor Type: —
Ninth Bedroom Info:
Dimensions: —
Location: —
Floor Type: —
Tenth Bedroom Info:
Dimensions: —
Location: —
Floor Type: —
Bedroom Info:
Dimensions: —
Location: —
Floor Type: —
Bathroom Info:
Full Bathrooms: 4
Partial Bathrooms: —
Bathroom Amenities: —
Bathroom in Basement: —
Additional Rooms Info:
Rooms: —
Basement: —
Basement Description: —

Other Specifics

2.5
25X125
Not in DB

Tax History

Year Property Taxes
2025 $7,806

Nearby Similar Homes

2845 Kedvale Avenue, Chicago, Illinois 60623
For Sale
$329,900
5 beds / 0.0 baths / 0 ft2
Multi-unit / Built: 1913
34

2839 Karlov Avenue, Chicago, Illinois 60623
For Sale
$300,000
6 beds / 0.0 baths / 0 ft2
Multi-unit / Built: 1903
179

2828 Keeler Avenue, Chicago, Illinois 60623
For Sale
$221,900
4 beds / 0.0 baths / 0 ft2
Multi-unit / Built: 1900
63

2737 Karlov Avenue, Chicago, Illinois 60623
For Sale
$209,000
7 beds / 0.0 baths / 0 ft2
Multi-unit / Built: 1897
483

2652 Komensky Avenue, Chicago, Illinois 60623
For Sale
$260,000
4 beds / 0.0 baths / 0 ft2
Multi-unit / Built: 1893
212

2721 Pulaski Road, Chicago, Illinois 60623
For Sale
$435,000
5 beds / 0.0 baths / 0 ft2
Multi-unit / Built: —
26

Nearby Sold Comparables

2855 Kedvale Avenue, Chicago, Illinois 60623
Sold
$139,000
4 beds / 0.0 baths / 0 ft2
Multi-unit / Built: 1910
5167

3000 Karlov Avenue, Chicago, Illinois 60623
Sold
$365,000
6 beds / 0.0 baths / 0 ft2
Multi-unit / Built: 1920
422

2851 Kedvale Avenue, Chicago, Illinois 60623
Sold
$35,333
5 beds / 0.0 baths / 0 ft2
Multi-unit / Built: —
5544

2858 Karlov Avenue, Chicago, Illinois 60623
Sold
$99,000
5 beds / 0.0 baths / 0 ft2
Multi-unit / Built: 1919
2829

3014 Karlov Avenue, Chicago, Illinois 60623
Sold
$50,000
6 beds / 2.0 baths / 0 ft2
Multi-unit / Built: —
5469

Chicago, Illinois 60623
Sold
$245,000
6 beds / 2.0 baths / 0 ft2
Multi-unit / Built: —
6798


Contact Agent

Listing Provided By

Keller Williams ONEChicago