This week’s lineup includes a 3-unit foreclosure priced 45% below stabilized comps — with an unfinished basement ready to become a fourth income stream.
Also on deck: a mid-rehab duplex picked up for half its former list price — cleanup done, value-add work halfway home, and 15% yield potential once stabilized.
Then a sub-$50K multi-unit trading 77% below last year’s value — a pure sweat-equity play with six-figure ARV upside.
And finally, a 4-unit cash-flow deal where each tenant pays their own utilities — priced like a used car and projecting a 36% gross yield.
Free readers get The Triplex Comeback breakdown.
Paid subscribers get all four foreclosure plays.
Passive Cash-Flowing Properties
Buy shares of investment properties, earn rental income & appreciation for anywhere from $100 to $20k — let Arrived take care of the rest.
🏚️ The Triplex Comeback
$170,000 ask on 8-bed/3-bath brick three-unit + unfinished basement with space for a fourth.
45% below comps and ready for a full reposition with strong yield upside.
💸 The Rehab Relay
$149,900 ask on 4-bed/2-bath duplex where cleanup’s done and reno’s halfway home.
Pick up a near-finished project at half its former price and capture 15% returns.
🏘️ The $40K Flip
$40,600 ask on 4-bed/3-bath multi-unit with garage on a solid foundation.
77% under last year’s value — rare six-figure ARV potential at entry-level cost.
🏠 The Fourplex Cash Cow
$59,900 ask on 7-bed/4-bath four-unit with separate meters and corner-lot visibility.
36% projected gross yield and still 50% below prior list — an instant income play.
1841 S Avers Ave, Chicago, IL 60623
$170,000 | 8 beds | 3 baths | 3-unit Multi-Family | Built 1903 | 2,900 sqft lot
🏚️ Judicial Foreclosure in North Lawndale with Rare 3-Unit Configuration
Three full units (3-bed, 3-bed, 2-bed) with large living rooms, formal dining areas, and full kitchens in each.
Basement is unfinished but has potential to convert into a fourth unit or duplex the first floor for an oversized owner’s suite.
Property needs full renovation but offers strong upside in one of Chicago’s fastest-gentrifying submarkets.
💡 Pro Tip:
Similar renovated 3-flats in North Lawndale trade $350K–$425K+
Basement conversion could add 800–900 sqft & boost rent roll 40 %+
Brick construction reduces exterior rehab costs
Located minutes from Ogden Ave & I-290 = strong renter demand
💰 Financial Snapshot
Est. Market Value (ARV): $375,000–$400,000 (based on nearby sales)
Current Ask: $170,000
Tax Assessed Value: $129,990
Annual Taxes: $2,050
Lot Size: 2,900 sqft (25 × 116)
Layout: 3 units (3/1 + 3/1 + 2/1) + unfinished basement
Parking: 2 on-site spaces
Heating: Gas
Construction: Brick
Built: 1903
⚠️ Heads Up
Needs full interior rehab (plumbing + electrical + HVAC + roof check)
No existing rent roll (vacant)
Judicial foreclosure—confirm title clean post-auction
Older gas and mechanicals
🏆 Best For
Value-add multifamily investors
BRRRR buyers
North Lawndale market entry plays
Why it works:
At $170K for 3 units (~$56K per unit), this property sits ~45 % below stabilized comps.
Post-rehab rents of $1,250–$1,400 per unit yield projected 12–14 % gross returns with long-term equity growth as Lawndale gentrifies.