1554 S Homan, Chicago IL 60623
$499,900

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Property Description

Great Investment Opportunity in North Lawndale. Legal 3-unit building offering strong rental potential. Each spacious unit features 3 bedrooms and 2 bathrooms, including a primary suite with ensuite bath. Units are separately metered with gas heat and in-unit laundry. Rear parking provides 3 dedicated spaces. All three units are currently rented: two month-tomonth and one lease through 12/31. Total current rent is $4,440 per month, with room to increase after cosmetic updates. All units need cosmetic work. Perfect for investors or rehabbers seeking a project with excellent cash-flow upside. Convenient location close to public transportation and downtown. Sold As-Is.

Features & Information

Key Details

  • List Price $499,900
  • Property Taxes $8,045
  • Price/ Sq. Ft. Unavailable
  • Year Built 2011
  • Status Active (Private)

Rooms

  • Basement N

Building Information

  • Number of Units 3
  • Age of Building 11-15 Years
  • Heating & Cooling Natural Gas

Location

  • County Cook
  • Township West Chicago
  • Corporate Limits Chicago
  • Directions to Property 290 East S On Independence S On Homan To Property
  • Schools

  • Elementary School District 299
  • Junior High District 299
  • High School District: 299
  • Property Taxes

  • Tax 8045
  • Tax Year 2023
  • Tax Exemptions None
  • Parcel Identification Number 16232250440000

Utilities

  • Sewer Public Sew

Based on information submitted to the MLS GRID as of 9/16/2025 10:32 PM. 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.

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