Home Details for 1616 S St Louis Avenue

NEW CONSTRUCTION 3 UNIT COMING SOON! Introducing The Lumen - A New Standard in Modern Multi-Unit Living, designed with intention and built for longevity. The Lumen redefines what today's multi-unit living experience should feel like! This architecturally striking property blends clean, modern lines with thoughtfully curated interiors-creating a space that is as functional as it is visually compelling. Each residence is crafted to deliver a seamless balance of durability, style, and everyday livability. From the moment you step inside, you're met with a refined aesthetic-featuring quartz countertops, designer lighting, wood-look or engineered flooring, and spa-inspired bathrooms that elevate daily living. What sets The Lumen apart is its intentional design consistency-every unit is part of a cohesive architectural vision, while still offering elevated finish packages that range from modern classic to fully customized, design-forward collections. Whether you're drawn to clean, timeless finishes or bold, statement interiors, this property delivers a level of flexibility rarely seen in multi-unit construction. Beyond the units themselves, The Lumen extends the living experience through thoughtfully designed shared spaces-ideal for today's lifestyle. From co-working areas to resident lounges and secure storage, every detail is curated to enhance both comfort and long-term value. Ideal for owner-occupants, investors, and modern urban residents alike, this property offers the rare opportunity to own or invest in a building that prioritizes design, durability, and strong market appeal. The Lumen isn't just another multi-unit-it's a strategic asset, a lifestyle upgrade, and a forward-thinking investment all in one. Multiple finish packages available (upgrade tiers increase rental/resale value) Designed for strong tenant retention + premium rents - ideal for house hacking, long-term hold, or condo conversion strategy. Located in Chicago's rapidly appreciating North Lawndale neighborhood-an ideal opportunity to generate strong cash flow while capitalizing on long-term neighborhood growth. With low maintenance requirements and new building systems throughout, investors can expect reduced capital expenditures and stable, predictable performance. Strategically located near the transformative Ogden Commons development, this asset benefits from proximity to a $200M+ mixed-use project bringing new retail, healthcare, and hundreds of residential units to the immediate area. Continued phased delivery through 2026 is expected to further increase rental demand and support rising property values. North Lawndale is also a focal point of the City of Chicago's Missing Middle housing initiative, which is actively adding new multi-unit inventory and revitalizing underutilized land-driving population growth and strengthening rental comps across the neighborhood. Get in while it is still early! Additional momentum comes from the INVEST South/West initiative, which continues to channel public and private investment into key corridors-enhancing infrastructure, attracting businesses, and improving overall livability. With strong rental demand, new construction advantages, and multiple large-scale developments underway, this property is well-positioned for: Attractive cap rate potential, Consistent rental income across three units, Long-term appreciation driven by neighborhood reinvestment. This is a rare opportunity to acquire a turnkey, income-producing asset in a neighborhood on the rise. Ask about other addresses we have available.

• Heating Information

  • Natural Gas

• Basement

  • None