241-243 N. Homan Ave

For Sale

241-243 N. Homan Ave, Chicago, IL 60624

This Chicago property for sale is located at 241-243 N. Homan Ave. The general use of 241-243 N. Homan Ave is multi-family and it incorporates 5,208 square feet of class C multi-family space. The current listed sale price for 241-243 N. Homan Ave is $1,100,000. 241-243 N. Homan Ave is situated on a lot that is 0.11 acre in size.

Contacts

broker
Jack Petrando

Kiser Group

Property Details

  • Property Type Multi-Family
  • Property Size 5,208 SF
  • Units 12
  • Lot Size 0.11 Acre
  • Building Class C
  • Year Built 1897
  • Date Updated Jul 8, 2025
East Garfield ParkKiser Group is pleased to exclusively offer for purchase the sale of 241-243 N. Homan, a twelve (12) unit walkup located in Chicago’s historic East Garfield Park neighborhood. The property sits just two (2) blocks from Chicago's Green Line "El" train station at Kedzie and roughly seven (7) blocks from the I-290 Express, which both provide tenants a quick and easy commute to Chicago's downtown (roughly 10 minutes.) Furthermore, The property is located just steps away from Garfield Park, which features ponds & gardens, athletic facilities, & the renowned Garfield Park Conservatory. 241-243 N. Homan is comprised of nine (9) 2bd/1ba units and three (3) 1bd/1ba units. All of the units are extremely spacious with hardwood flooring. Recent capital improvements to the building consist of, but are not limited to: new individual furnaces with Air Conditioning & new individual water heaters, a newer roof, a newer 800-amp electrical service with breaker boxes in-unit, porch updates (2020), and copper plumbing throughout. 241-243 N. Homan provides an enormous amount of value-add potential. Through improved leasing and management, and bringing rents to market rate levels, an investor has the ability to achieve at a minimum a 10% cap rate and cash on cash return of 16% and beyond. Furthermore, the property is located in one of Chicago’s most desirable pockets of East Garfield Park, which continues to see a substantial amount of appreciation.
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Highlights

  • Adjoing Parking lot w/ 12 spaces
  • Desirable Unit Mix: Nine (9) 2bd/1ba and Three (3) 1bd/1ba Units
  • New Individual Furnaces with A/C
  • New Individual Water Heaters
  • Newer 800 Amp Electrical Service
  • On-site Laundry
  • Porch updates (2020)

Getting around

  • 62/100

    Walk Score ®

  • 72/100

    Transit Score ®

  • 84/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Chicago, IL
  • Neighborhood East Garfield Park
  • Zip Code 60624
  • Market Chicago

Points of Interest

  • Kedzie

    0.27 miles

  • Uber Tent

    2.05 miles

  • Cicero

    2.10 miles

  • Central Park

    2.22 miles

  • Kostner

    2.50 miles

  • California

    2.60 miles

  • Morgan

    3.07 miles

  • Logan Square

    3.11 miles

  • UIC-Halsted (Morgan Street)

    3.14 miles

  • UIC-Halsted (Peoria Street)

    3.24 miles

  • Falcon

    0.25 miles

  • Citgo

    0.51 miles

  • BP

    0.69 miles

  • Amstar

    0.81 miles

  • Marathon

    0.84 miles

  • Shell

    1.10 miles

  • EVgo

    2.65 miles

  • Electrify America

    2.88 miles

  • Blink ParkChip Garage - 1035 Van Buren

    3.04 miles

  • Tesla Destination Charger

    3.17 miles

  • f

    1.78 miles

  • G

    1.83 miles

  • Disabled

    1.84 miles

  • Bus Parking

    1.85 miles

  • Club/Premium

    1.86 miles

  • C Suites

    1.92 miles

  • K Suites

    1.95 miles

  • A

    1.96 miles

  • Hyatt Place Chicago - Medical / University District

    2.11 miles

  • Hyatt House Chicago - Medical / University District

    2.17 miles

  • Shamrock Motel

    2.27 miles

  • Hotel Chicago West Loop

    2.29 miles

  • Holiday Jones

    2.38 miles

  • IHSP Chicago Hostel

    2.44 miles

  • Courtyard by Marriott Chicago at Medical District / UIC

    2.45 miles

  • Alexandra's place

    2.49 miles

  • Urban Holiday Lofts

    2.50 miles

  • Karavan Motel

    2.60 miles

  • ALDI

    0.77 miles

  • Save-A-Lot

    1.11 miles

  • Central Park Fresh Market

    1.13 miles

  • Freshway Market

    1.28 miles

  • Pete's Market

    1.37 miles

  • Municipal Market

    1.53 miles

  • Mariano's Fresh Market

    1.80 miles

  • North Pulaksi Fresh Market

    1.80 miles

  • Cermak Produce

    1.85 miles

  • LCM Dollar

    1.88 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
Jack Petrando

Kiser Group

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