3543 N. LAWNDALE AVENUE

Property Overview

Interra Realty has been exclusively engaged to market 3543 N. Lawndale Avenue, Chicago, for sale. The subject investment property is a 12 unit, walk-up style apartment building in the Avondale Neighborhood of Chicago’s northwest side. Avondale has been one of the city’s most popular neighborhoods for both residents and investors and many believe that it’s well positioned to continue to achieve strong rent growth and appreciation.

The property was fully gut renovated between 2018-19. At that time, the building received all new systems and significant envelope upgrades. Additionally, the apartments received modern finishes, in-unit laundry, and individual HVAC. All first floor units were duplexed into the garden level.

The building offers a superior unit mix to most competitive properties in the submarket, with half of the units being 3 bed / 2 bath duplexes. Additional revenue is generated by four on-site parking spaces.

Highlights

  • Quiet Residential Pocket in Popular Avondale Neighborhood
  • Full Gut Renovation in 2018-19
  • All New Building Systems with Individual HVAC
  • Great Unit Mix Comprised of 50% 3BD/2BA Duplexes
  • Four On-Site Parking Spaces

Key Details

Sale Price
$3,630,000
Number of Units
Twelve (12)
Submarket
Avondale