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New Construction 3-Unit in Humbolt Park 542 Lawndale ave 1 Unit Apartment Building $799,000 ($799,000/Unit) Chicago, IL 60624
Executive Summary
New Construction in Booming Humboldt Park. Owner Occupants qualify for the $20,000 Grant from the Cook County Land Bank. Each unit features an open layout 3 bed/2 bath, featuring everything you would expect from a new construction development: stainless steel appliances, quartz countertops, and extra foam insulation. Each unit includes luxury vinyl flooring, in unit laundry and includes a rear parking spot. Perfect for owner-occupant buyers looking to utilise the Grant and offset their mortgage with the income from the other two units.
Property Facts
| Price | $799,000 | Lot Size | 0.07 AC |
| Price Per Unit | $799,000 | Building Size | 3,600 SF |
| Sale Type | Investment | Average Occupancy | 0% |
| No. Units | 1 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2026 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Building Class | C |
| Price | $799,000 |
| Price Per Unit | $799,000 |
| Sale Type | Investment |
| No. Units | 1 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 3,600 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built | 2026 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 3 | $2,500 | 1,250 |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 16-11-123-044-0000 | Improvements Assessment | $0 |
| Land Assessment | $35,020 | Total Assessment | $35,020 |
Property Taxes
Parcel Number
16-11-123-044-0000
Land Assessment
$35,020
Improvements Assessment
$0
Total Assessment
$35,020
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New Construction 3-Unit in Humbolt Park | 542 Lawndale ave