Properties

Features
: None
Address Map
US
IL
Cook
Chicago
60623
Homan
2318
Avenue
W88° 17' 22.7''
N41° 50' 57.4''
Go west on 26th St, turn right on north Homan Ave till you see the building on the left about 2.5 blocks north.
CHI - South Lawndale
CHI - South Lawndale
S
S
MULTI
Additional Information
: Brick
: Multi-Family
Circuit Breakers,Separate Meters,Service - 201 to 600 Amps
Circuit Breakers,Separate Meters,Service - 201 to 600 Amps
25X125
6
6
3
33 Realty
Davis Edgerly
Financial
9118.58
Listing Information
878010
84146
MRED
Listing Information
Contingent
2026-04-26T10:15:21Z
2026-04-13T18:59:49Z
Property Description

2318 S Homan Ave is a well-maintained and thoughtfully updated 6-unit multifamily investment property located in the heart of Chicago’s vibrant Little Village neighborhood. This solid brick building has seen extensive capital improvements, presenting an excellent opportunity for a savvy investor seeking both strong in-place cash flow and long-term upside. Each apartment is equipped with newer furnaces and hot water heaters, copper plumbing throughout, and updated kitchens featuring newer stoves, refrigerators, and select cabinet upgrades. The building has been fully updated with new electrical service, conduit and wiring with individual electrical panels for each unit. Exterior improvements include tuckpointing and a newly constructed two-car garage. There is also an opportunity to add a legal 7th unit in the unfinished attic space that spans the entire building. With stable operations and clear potential for rent growth through lease renewals, this property offers the ability to further enhance returns while benefiting from a well-improved asset. A strong multifamily investment with attractive current income and long-term appreciation potential-an excellent addition to any real estate portfolio.

Commercial Sale For Sale

2318 S Homan Avenue, Chicago, Illinois 60623

$700,000
Listing ID#12553916
QR Code
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 12553916
Price : $700,000
Year Built : 1908
Listing Status : Active Under Contract
Contact Agent