1301 S Avers Ave

1301 S Avers Ave, Chicago, IL 60623

  • For Sale $600,000
  • 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

Contacts

broker
Noah Clark

Kiser Group

Location

Getting Around

  • Walk Score ®

    74/100 Very Walkable

  • Transit Score ®

    67/100 Good Transit

  • Bike Score ®

    64/100 Bikeable
Powered by Walk Score ®
  • 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

  • Checkers

    0.15 miles

  • Soule

    0.28 miles

  • Subway

    0.30 miles

  • The SoulFood Lounge

    0.36 miles

  • New Pine Valley Restaurant

    0.43 miles

  • Popeyes

    0.46 miles

  • Taco Bell

    0.58 miles

  • McDonald's

    0.79 miles

  • Lou Malnati's Pizzeria

    0.87 miles

  • Jerk Taco Man

    0.90 miles

  • Olive Child-Parent Center

    0.14 miles

  • Ebenezer School

    0.17 miles

  • CCA Academy

    0.20 miles

  • Alexanders Beauty School

    0.23 miles

  • Herzl Elementary School

    0.24 miles

  • Frazier International Magnet School

    0.33 miles

  • KIPP Ascend Middle School

    0.39 miles

  • William Penn Elementary School

    0.41 miles

  • Lawndale Community Academy

    0.43 miles

  • Gregory Elementary School

    0.44 miles

  • Herzl Child-Parent Center

    0.15 miles

  • Our Lady of Lourdes Child Development Center

    0.49 miles

  • Dorie Miller Child Parent Center

    1.20 miles

  • YMCA Child Care

    1.29 miles

  • New Zion Childcare Academy

    2.38 miles

  • Adams Street Child Care Center

    2.51 miles

  • Little Folks Cottage Inc

    2.90 miles

  • Luis Munoz Marin Primary Center

    2.92 miles

  • ABC Toon Town Day Care

    3.04 miles

  • Taylor Tots

    3.05 miles

Frequently Asked Questions

How much does 1301 S Avers Ave cost?

The space currently listed for sale at 1301 S Avers Ave asks for $600,000.

What is the total square footage of 1301 S Avers Ave?

1301 S Avers Ave totals 5,550 square feet.

When was this property built?

1301 S Avers Ave was built in 1922.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Noah Clark

Kiser Group

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