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2318 S Homan Avenue
Chicago IL 60623 US

$700,000

Active Listing ID 12553916
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12 bed
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7.00 Bath (7 Full)
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Lot: 0.07 Acres
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Other

$700,000

Active Listing ID 12553916
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2318 S Homan Avenue 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.

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Property Features

  • Facts
  • Lot Size: 0.07 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 7

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 700000
  • unparsedaddress: 2318 S Homan Avenue
  • postalcity: Chicago
  • stateorprovince: IL
  • country: US
  • postalcode: 60623
  • bathroomsfull: 7
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.0717
  • lotsizeunits: Acres
  • lotsizearea: 0.0717
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 41.849279
  • longitude: -87.710401
  • listagentfullname: Davis Edgerly
  • listagentemail: davis.edgerly@33realty.com
  • listagentkey: 3yd-MREDIL-878010
  • listagentmlsid: 878010
  • listagentpreferredphone: (773) 327-4975
  • listagentofficephone: 7738497084
  • listofficekey: 3yd-MREDIL-84146
  • listofficemlsid: 84146
  • disclaimer: Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MREDIL
  • yearbuilt: 1908
  • listingcontractdate: 2026-03-04
  • listagenturl: http://www.33realty.com
  • countyorparish: Cook
  • parcelnumber: 16262110290000
  • constructionmaterials: Brick
  • numberofunitstotal: 6
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 3
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: None
  • rooms: Bedroom 12, Bedroom 5, Bedroom 10, Bathroom 4, Bathroom 1, Bathroom 5, Bathroom 6, Bedroom 8, Bathroom 3, Bedroom 7, Bathroom 2, Bedroom 4, Bedroom 11, Bathroom 7, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 6, Bedroom 9
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -87.7104, 41.849277
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"33 Realty", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"davis.edgerly@33realty.com", "ListBrokerageCity":"Chicago", "ListBrokerageCountry":"US", "ListBrokerageEmail":"info@33realty.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"33 Realty", "ListBrokeragePhone":"(773) 327-4975", "ListBrokeragePostalCode":"60614", "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"2636 N Lincoln", "ListBrokerageWebsiteUrl":"http://www.33realty.com", "ListOfficeAddress1":"357 W. Chicago Ave. ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"84146", "ListOfficeCity":"Chicago", "ListOfficeCountry":"USA", "ListOfficeEmail":"info@33realty.com", "ListOfficePostalCode":"60654", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Chicago, IL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/2318-S-Homan-Ave_Chicago_IL_60623_M86536-82316?f=listhub&s=MREDIL&m=12553916&c=rexren", "MLSModificationTimestamp":"2026-03-10 05:07:09", "Neighborhoods":[{"Description":null, "Name":"CHI - South Lawndale"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":9119, "TaxDescription":null, "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 3/10/2026 6:07:11 AM GMT
Source Updated Date: 3/11/2026 7:22:10 AM GMT

Courtesy of: Davis Edgerly, 33 Realty, davis.edgerly@33realty.com

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.