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2631 S Sawyer Ave, Chicago, IL, 60623

4beds
2baths
--sqft
$350,000
--price/sqft
$2,710/moest. monthly cost
$108,400/yrincome needed

About This Home

Excellent opportunity to own a spacious, income-producing two-unit brick building in the heart of South Lawndale (Little Village), Chicago. This well-maintained property offers ample of living space across two generously sized units, & finished in-law arrangement, making it ideal for an owner-occupant or an investor seeking strong rental income potential. Each unit features a functional layout with ample living space, multiple bedrooms, and full bathrooms, providing flexibility for tenants or extended family living. The solid brick exterior reflects classic Chicago craftsmanship with fresh paint, while the interior offers spacious rooms filled with natural light. Whether you're looking to live in one unit and rent the other, rent all for maximum cash flow, or hold as a long-term investment in a high-demand rental corridor, this property delivers versatility and upside potential. Located just steps from shopping, restaurants, schools, parks, and public transportation, the property benefits from strong neighborhood density and consistent rental demand. A rare opportunity to acquire a large two-flat in a vibrant, centrally located community. Book your private tour today!

Getting Around

89
WalkingVery Walkable
62
TransitGood Transit
69
BikeBikeable

Schools

4/10
5/10
Madero Middle SchoolGrades 6-80.2 mi

Construction

Condition

  • Year built: 1888

Materials

  • Construction materials: Brick,Block

Notable Dates

  • Major remodel year: 2025

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 3

Heating

  • Heating features: Natural Gas

Property

Details

  • Parcel number: 16264070120000
  • Special condition: None

Lot

  • Lot size: 1,386 sqft

Parking

  • Total spaces: 2
  • Parking features: No Garage,Yes,Attached,Detached,Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Heat Wave
Tornado
Winter Weather
Tsunami

FEMA Declared Disasters Across Illinois Counties

Flood
Other
Severe Storm
Straight Line Winds
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,769$21,228
Home Insurance *$307$3,684
Property Taxes $504$6,048
Electricity $130$1,569
Total$2,710$32,520
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$92,914/yr
40% on housing$81,300/yr
45% on housing$72,266/yr

Illinois FAIR Plan Programs

Illinois FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,961Commercial: 62
Total Premiums$4.35M
Total Exposure$370.02M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 15.1%
15.1%
0%30.0%
Electricity Growth Rate10-year average: 5.5%
5.5%
0%15.0%
Property Taxes Growth Rate2-year average: -0.8%
-0.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 60623$217
Cook County$225

vs Homes Sold Last Month

Median $/sqft

ZIP 60623$160
Cook County$219

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-26Listed for sale$350,000

For Sale by Agent

AgentIliana Castaneda
BrokerageSmart Home Realty

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