
Fulton Grace
Listed by Fulton Grace
$679,000
542 N LAWNDALE AVE CHICAGO IL 60624
Details
APN 16111230440000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,900
Units 3
Cap Rate 8.00%
Class B
Year Built 2026
Lot Size (SqFt) 2,980
Parking Spaces 2 spaces
Parking Per SqFt 0.51
Multifamily | 8.00% CAP | 3 Units
Marketing description
Stunning New Construction 2-Unit in the Heart of Booming Humboldt Park! Owner-occupants may qualify for up to a $20,000 grant through the Cook County Land Bank program, making this an incredible opportunity to own a luxury home while generating rental income. The ground-floor 2-bed / 2-bath unit is currently rented for $1,900 per month, helping offset your mortgage from day one. Above, the spectacular duplex-up lives like a single-family home with an ideal blend of modern luxury, thoughtful design, and expansive living space. The main level of the duplex features a sun-filled open-concept layout perfect for entertaining, complete with a designer kitchen showcasing quartz countertops, high-end stainless steel appliances, custom finishes, and enhanced foam insulation for added comfort and efficiency. A half bathroom on the main level adds convenience for guests and everyday living. Upstairs, retreat to an oversized luxury primary suite featuring two massive walk-in closets and a spa-inspired bathroom with both a soaking tub and a separate glass shower. Two additional spacious bedrooms and another full bath complete the upper level. Both units offer luxury vinyl flooring, in-unit laundry, and garage parking. Whether you're an investor or an owner-occupant looking to build wealth while living in style, this is a rare opportunity in one of Chicago's fastest-growing neighborhoods. Opportunities like this are hard to find - a brand-new construction property that combines luxury living, rental income, and potential grant assistance all in one of the city's most exciting and rapidly appreciating areas.
Investment highlights
New Construction in Booming Humboldt Park. Owner Occupants qualify for the $20,000 Grant from the Cook County Land Bank. Each unit features an open layout 3 bed/2 bath, featuring everything you would expect from a new construction development: stainless steel appliances, quartz countertops, and extra foam insulation. Each unit includes luxury vinyl flooring, in unit laundry and includes a rear parking spot. Perfect for owner occupant buyers looking to utilise the Grant and offset their mortgage with the income from the other two units.
Listing Contacts

Fulton Grace
Listed by Fulton Grace
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