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Listing provided courtesy of Triton Realty Group LLCMREDas Distributed by MLSGrid- MLS# 12651355MLS Provider

1509 N Avers AvenueChicago, IL 60651

Commercial · 8 Beds · 0.13 Acres
$1,169,000 Active

1509 N Avers Avenue Overview

Time on Site:
26 days
Visits:
1

Triton Realty is proud to present a rehabbed 6-unit multifamily building at 1507 N Avers in Humboldt Park. This center-entrance property offers an excellent investment opportunity in one of Chicago's high-demand rental markets. The building features five legal units plus one non-conforming sixth unit and has been completely updated throughout with modern finishes. Each unit boasts updated kitchens with stainless steel appliances, white shaker cabinets, and elegant quartz countertops, along with beautiful hardwood flooring and fully rehabbed bathrooms featuring classic subway tile. The spacious layouts include four 3-bedroom 1-bath units, one 4-bedroom 1-bath unit, and one 1-bedroom 1-bath unit. Additional updates included new electrical throughout with in unit panel, copper plumb ing and newer boiler. Additional tenant appeal comes from the private back decks off the rear of the units, while rear-lot parking provides convenient extra income potential. Centrally located with easy access to Humboldt Park and public transportation, this turnkey multifamily property is ideal for investors seeking strong cash flow and long-term value in this up-and-coming Chicago neighborhood.

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1509 N Avers Avenue Facts & Features

  • Type Commercial
  • Lot 0.13 Acres

Details

General

Income/Expenses

  • Other Expense: 1200
  • Electric Expense: 541
  • Fuel Expense: 7639
  • Gross Income: 128400
  • Gross Scheduled Income: 129200
  • Insurance Expense: 4500
  • Maintenance Expense: 2100
  • Net Operating Income: 76905
  • Operating Expense: 45075
  • Trash Expense: 1686
  • Water Sewer Expense: 3600

Building Information

  • Year Built: 1920

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Humboldt Park
  • Township: West Chicago

Rent/Lease Information

  • Tenant Pays: Electricity

Tax Information

  • Tax Annual Amount: $14,709.00
  • Tax Year: 2024

General Information

  • Parcel Number: 16021030210000
  • Property Type: Commercial Sale

Interior

General Information

  • Cooling: Window Unit(s)
  • Stories: 3

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Acres: 0.13
  • Lot Size Dimensions: 51 X 120
  • Lot Size Square Feet: 6076

General Information

  • Number Of Units Total: 6

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Beds Total: 3
  • Baths Total: 1
  • Units Total: 4

Unit 2 Details

  • Unit Type: Unit 2
  • Beds Total: 4
  • Baths Total: 1
  • Units Total: 1

Unit 3 Details

  • Unit Type: Unit 3
  • Beds Total: 1
  • Baths Total: 1
  • Units Total: 1

Unit 4 Details

  • Unit Type: Unit 4
  • Beds Total: 0
  • Units Total: 0

Unit 5 Details

  • Unit Type: Unit 5
  • Beds Total: 0
  • Units Total: 0

Unit 6 Details

  • Unit Type: Unit 6
  • Beds Total: 0
  • Units Total: 0

Unit 7 Details

  • Unit Type: Unit 7
  • Beds Total: 0
  • Units Total: 0

1509 N Avers Avenue Neighborhood

Community

60651 (Chicago) Demographics

34
Median Age
18,218
Population Density (per sq. mile)
22%
College Educated
$41,107
Estimated Median Income
8,812
Estimated Total Home Owners
11,120
Estimated Total Renters
44% / 56%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1509 N Avers Avenue Monthly Cost

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$
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Jim Luxem Jr
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1509 N Avers Avenue Market Data

Based on the last 30 days in this zip code

$380,393
Average List Price
$220
Average Price per Square Foot
12
Properties Sold
72
Average Days on Market
45
Properties for Sale
Calculations provided by Reliance Network

1509 N Avers Avenue History

Date Event Value Agent
6/8/2026Source: MRED Status Change
Active
6/3/2026Source: MRED Added to Database
June 03, 2026
7/31/2025Source: MRED Added to Database
July 23, 2025