3538 W Grenshaw Street Chicago IL 60624 MLS #MRD12431890

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Six (6) unit brick apartment building located in Homan Square. Each unit is a 2 bed 1 bath, ~1000 square foot unit, offering convenience in leasing. All six units were rehabbed in the past few years have been well maintained. Mechanical Information: in-unit and separate furnaces + hot water tanks, updated roofing, newer windows. The building is fully occupied and 5/6 tenants are subsidized through Chicago Housing. Current Leasing info: Unit 1F: 3/15/24 – 3/14/26 ($1300 monthly rent) | Unit 2F: 12/12/21 MTM ($1350 monthly rent) | Unit 3F: 3/14/24 – 3/31/26 ($1270 monthly rent) | Unit :1R 1/1/2010 (MTM $850… Market Tenant, Not CHA) | Unit 2R: 10/23/23 – 10/31/25 ($1300 monthly rent) | Unit 3R: 6/1/2016 (MTM $1350 monthly rent). Unit 1F, 3F, 2R are all eligible to apply for the 12 month Chicago Housing Authority review process at the end of existing leases (10/31/25, 3/14/26, 3/21/2026) to the newly increased 2 bed voucher rate of $1900.

Property Details

Price:
$650,000
MLS #:
MRD12431890
Status:
Active
Beds:
12
Baths:
6
Type:
Commercial
Neighborhood:
chinorthlawndale
Listed Date:
Jul 30, 2025
Year Built:
1915
Chi – North LawndaleChinorthlawndale

Schools

Interior

Exterior

Financial

Net Operating Income
$77,495
Tax Year
2023
Taxes
$4,598

Listing Agent & Office

Joe Elwood
RE/MAX Professionals Select

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