1301 S Avers Ave

For Sale

1301 S Avers Ave, Chicago, IL 60623

This Chicago property for sale is located at 1301 S Avers Ave. The general use of 1301 S Avers Ave is multi-family and it incorporates 5,550 square feet of class C multi-family space. The current listed sale price for 1301 S Avers Ave is $600,000.

Contacts

broker
Noah Clark

Kiser Group

Property Details

  • Property Type Multi-Family
  • Property Size 5,550 SF
  • Units 7
  • Building Class C
  • Year Built 1922
  • Date Updated Jul 8, 2025
North LawndaleKiser Group is pleased to exclusively offer for purchase the sale of 1301 S. Avers, a vintage seven (7) unit walk-up located in Chicago’s historic Lawndale neighborhood. The property sits on the corner intersection of 13th Street and Avers, and is tucked away on a quiet, tree-lined street. Additionally, the property conveniently sits just one block from Roosevelt Rd, which provides tenants with an abundance of public transit and retail options. Furthermore, the property is roughly 10-minute walk to Chicago's Blue Line, "El" train station at Pulaski and the I-290 Express, which both provide tenants a quick and easy commute to Chicago's downtown (roughly 10 minutes). 1301 S. Avers is comprised of three (3) 3bd/1ba units and four (4) 2bd/1ba units. All of which, however, are incredibly spacious. Recent capital improvements to the building consist of, but are not limited to: individual furnaces with & individual water heaters, a new silver-coated roof, a re-wired electrical service with breaker boxes in-unit, and updated copper plumbing. 1301 S. Avers presents an investor with a unique opportunity to acquire a stabilized, cash-flowing asset with a significant value-add play. From day one, an investor will realize a cap rate over 7%. Through improved leasing & management and raising rents to market rate levels, an investor has the opportunity to achieve a cap rate of 10.47% and a cash return of over 19%.
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Highlights

  • Breaker Boxes In Each Unit
  • Desirable Unit Mix: Four (4) 2BD/1BA & Three (3) 3BD/1BA
  • Individual Furnaces
  • Individual Hot Water Heaters
  • Majority Copper Plumbing
  • Newly Silver Coated Roof
  • Value Add 7th Garden Unit

Getting around

  • 74/100

    Walk Score ®

  • 67/100

    Transit Score ®

  • 64/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Chicago, IL
  • Neighborhood North Lawndale
  • Zip Code 60623
  • Market Chicago

Points of Interest

  • Central Park

    0.78 miles

  • Kostner

    0.96 miles

  • Kedzie

    1.06 miles

  • Cicero

    1.42 miles

  • 54th/Cermak

    2.02 miles

  • Uber Tent

    2.83 miles

  • Ashland

    3.35 miles

  • UIC-Halsted (Morgan Street)

    3.66 miles

  • UIC-Halsted (Peoria Street)

    3.77 miles

  • Halsted Street

    3.81 miles

  • BP

    0.12 miles

  • GoLo

    0.16 miles

  • Shell

    0.24 miles

  • Amoco

    0.74 miles

  • Citgo

    0.75 miles

  • Power Gas Station

    0.92 miles

  • EVgo

    2.76 miles

  • Electrify America

    3.47 miles

  • Blink ParkChip Garage - 1035 Van Buren

    3.60 miles

  • Blink

    3.90 miles

  • Visitor Parking

    1.92 miles

  • Lot W5

    2.17 miles

  • Visitor Paerking

    2.20 miles

  • 54th/Cermak Park & Ride

    2.32 miles

  • Lot A4

    2.37 miles

  • Lot A3

    2.40 miles

  • Lot B2

    2.44 miles

  • Lot C4

    2.44 miles

  • Shamrock Motel

    1.24 miles

  • Karavan Motel

    1.29 miles

  • Cindy Lyn Motel

    2.16 miles

  • Hyatt Place Chicago - Medical / University District

    2.55 miles

  • Hyatt House Chicago - Medical / University District

    2.62 miles

  • Hotel Chicago West Loop

    2.90 miles

  • Courtyard by Marriott Chicago at Medical District / UIC

    2.91 miles

  • Hyatt House

    3.64 miles

  • Holiday Jones

    3.72 miles

  • Alexandra's place

    3.74 miles

  • Freshway Market

    0.75 miles

  • Save-A-Lot

    0.77 miles

  • ALDI

    1.32 miles

  • Cermak Fresh Market

    1.37 miles

  • Burlington

    1.40 miles

  • Supermercado La Chiquita

    1.43 miles

  • Ross

    1.72 miles

  • Little Village Discount Mall

    1.73 miles

  • Pete's Market

    1.81 miles

  • Workshop Apothecary

    1.97 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Noah Clark

Kiser Group

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