1266 S Saint Louis Ave

North Lawndale is a historic neighborhood on Chicago’s West Side, recognized for its architectural character, established residential streets, and strong community identity. The neighborhood features a notable concentration of historic greystone buildings and is home to Malcolm X College. From an investment perspective, North Lawndale offers access to an established residential market, proximity to major employment centers, and convenient connectivity via the CTA Pink Line and Eisenhower Expressway (I-290). Its historic housing stock and ongoing neighborhood investment contribute to its appeal among multifamily investors.Essex Realty Group, LLC is pleased to present the opportunity to acquire 1266 S Saint Louis Ave, a six-unit multifamily building located in Chicago’s North Lawndale neighborhood on the Southwest Side. The property consists of four (4) two-bedroom, one-bathroom apartments and two (2) three-bedroom, one-bathroom apartments. The building underwent an extensive gut renovation in 2024–2025, featuring significant capital improvements throughout, including a new roof, all-copper plumbing, new 400-amp electrical service, individual furnaces and water heaters, and new vinyl windows. Additional improvements include new wooden porches and decking, substantial tuckpointing, and kitchen range hoods vented to the exterior. Tenants are responsible for their own utilities, while ownership pays water. Currently four of the building’s six units are occupied, with two vacant, rent-ready apartments offering an opportunity for an investor to increase income through lease-up. Combined with the extensive recent capital improvements and updated building systems, the property presents an opportunity to acquire a substantially renovated multifamily asset with existing rental income and additional upside through stabilization.