1307 S Kedzie Avenue, Chicago, IL 60623
Cook County
Key Facts
Description
Turnkey 4-unit brick greystone, fully gutted and rebuilt in 2020, offering four spacious 3-bedroom /1-bath units (12 bedrooms total) plus a finished walkout garden level and two exterior parking spaces. Steps from Douglass Park and the Pink Line, and minutes to the Illinois Medical District, the West Loop, and I-290 - a location drawing steady renter demand and sustained investor interest along the revitalizing Ogden corridor. Each unit was rebuilt with modern kitchens, updated baths, and separate mechanicals, positioning the building for immediate lease-up at current market rents. Comparable renovated 3-bedroom units in North Lawndale are leasing in the $1,500-$1,800 range, giving a new owner a clear path to strong, stabilized cash flow with value-add upside on any below-market unit. Tax advantage: The 2025 assessment was successfully appealed at the Cook County Board of Review, reducing the assessed value from 50,400 to 40,174 - roughly a 20 pct reduction and an estimated annual savings of about $2,000. Post-appeal real estate taxes are projected in the ~$7,600-$8,100 range, materially lowering carrying costs and directly improving NOI for an income-focused buyer. Ideal for an investor seeking stabilized West Side cash flow or an owner-occupant house-hacker. As a 4-unit, the building qualifies for the Fannie Mae 5 pct-down owner-occupant program (2-4 units), which - unlike FHA - does not require the property to pass the self-sufficiency (net rental income) test, widening the buyer pool. Financing eligibility subject to buyer qualification. Offering memorandum with rent roll and expense detail available on request.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1897
Lot Dimensions
3,000 SQ FT
Parking Spaces
2
Ownership
Fee Simple
Days on Market
3
MLS® Listing#
12697348
Property Features
- Heating:
- Natural Gas
- Basement:
- Finished, Full, Walk-Out Access
- Construction:
- Brick
- Sewer:
- Public Sewer
- Water Source:
- Public
HOA & Tax
- Annual Tax:
- $10,163 (2024)
- Parcel #:
- 16241020030000
Directions
KEDZIE NORTH OR SOUTH TO 13TH TO PROPERTY.
Affordability Calculator
$126,000
Estimated monthly payment
$3,353/mo
Principal $504,000 · Est. interest $703,125 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Chicago, IL
- $389,939
- Median Listing Price
- 45
- Median Days on Market
- 1,444
- Median Sq Ft
- $273
- Median Price / Sq Ft
- 4,582
- Active Listings
- This home’s price is 62% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Chicago, IL.
Location
- 1307 S Kedzie Avenue, Chicago, IL 60623
Nearby Schools
St Agatha Catholic Academy
School · 0.1 mi away
Johnson Elementary School
Elementary · 0.2 mi away
North Lawndale College Prep High School
School · 0.2 mi away
Collins Academy High School
Secondary · 0.2 mi away
Kipp Ascend Primary
Elementary · 0.3 mi away
Learn Charter School
Elementary · 0.3 mi away
Chicago Public Schools
School · 0.4 mi away
Power House High School
Secondary · 0.4 mi away
Lawndale Community Academy
School · 0.4 mi away
DRW College Prep
Secondary School · 0.4 mi away
Howland Charter School
School · 0.4 mi away
North Lawndale Prep High School
Secondary · 0.4 mi away
Chicago Public Schools
School · 0.4 mi away
Saic at Homan Square
School · 0.5 mi away
Legacy Charter School
Elementary · 0.5 mi away
Chalmers School of Excellence
Elementary · 0.5 mi away
Manley Career Academy High School
Secondary · 0.5 mi away
Kellman Corporate Community Elementary
Elementary · 0.5 mi away
Altus Academy
School · 0.5 mi away
Pope Elementary School
Elementary · 0.6 mi away
Commute Calculator
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EXIT Agents in Chicago
Listing Courtesy: Chicago Real Estate Authority - 7739681110
Last Updated: 2026-07-14