$285,000
Chicago, IL 60623
About This Property
Welcome to 1615 S Trumbull Ave, a solid brick 2-flat located in the rapidly appreciating North Lawndale community, just moments from Douglas Park, local retail corridors, and multiple transit options. This property offers both immediate upside and long-term growth, making it an excellent opportunity for investors, developers, or owner-occupants looking to build equity. The building features spacious units, generous bedroom counts, a driveway, and a layout ideal for rental income or a future renovation project. Previous rents were significantly below market, creating a clear value-add opportunity to increase cash flow. For those considering a flip, newly renovated comparables are trading north of $500K, and brand-new construction 3-unit buildings are expected to break ground on the block in 2026 with projected pricing above $700K+. Residents will enjoy easy access to parks, schools, grocery, and major commercial corridors, as well as a short commute to the Loop (approx. 5.5 miles) and Chicago's lakefront (approx. 6 miles). Whether you're looking to hold as a rental, complete a full renovation, or explore a luxury redevelopment strategy, this property sits in a location poised for continued growth.
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