Turnkey Six-Unit Greystone

1264 S Saint Louis Avenue Chicago, IL 60623

Claim this Listing
New
For Sale
$739,000

MULTI_FAMILY - Chicago, IL

Lot size:
0.78 Acres
Added:
Jul 6, 2026
Days on Market:
5
Last Refresh:
Jul 10 at 8:06 pm

Property Features for 1264 S Saint Louis Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTI
Bedrooms
15
Bathrooms
6
Rooms
Bedroom 15, Bathroom 1, Basement, Bedroom 3, Bedroom 8, Bathroom 4, Bedroom 13, Bedroom 10, Bedroom 4, Bedroom 11, Bedroom 6, Bedroom 12, Bedroom 5, Bathroom 2, Bathroom 3, Bedroom 7, Bedroom 14, Bedroom 2, Bedroom 9, Bathroom 5, Bedroom 1, Bathroom 6
Basement
Unfinished
Standard status
Active
APN
16232020370000
Lot size
0.78 Acres

Taxes and HOA fees

Tax Year
2023
Tax Annual Amount
6750

Utilities

Cooling system
Window Unit(s)

Building Details

Year built
1906
Floors in Building
3
Number of units
6
Building materials
Brick, Wood, Block

Listing agent Christian Griffin License #475171586

Listing office Real Broker LLC 50 S Main Street STE 200, New York, IL

Listing date Jul 6, 2026

MLS# 12696124 Listing URL

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.


Investment Insights

Based on property information with market context.

Turnkey six-unit greystone at 1264 S Saint Louis Avenue, Chicago, IL 60623, with all six units currently leased. The property features fixed-term leases in place into 2027 for stability, along with near-term rent upside on the month-to-month units. Interior updates include refreshed units with refinished hardwood. Exterior and major systems improvements include a new roof, rebuilt rear porch, tuckpointing, two water heaters, and a rear concrete parking pad.

The building is listed with MULTI zoning. It is CHA/Section 8 approved building-wide, providing government-backed housing program participation. The 2024 Cook County reassessment has been appealed and resolved, and taxes are documented through the current cycle.

For buyers seeking a streamlined acquisition, the offering is presented with a full rent roll and P&L available to qualified buyers. Reported finances are supported through DSCR/commercial and are described as covering debt service with room to spare. Leases extending into 2027 and the ongoing Section 8 approval status may support operational planning for an owner-operator or investor looking for a managed, income-producing multifamily asset.

Key Highlights

  • 6‑unit greystone; all six units are leased
  • Fixed‑term leases in place into 2027, with near‑term rent upside on the month‑to‑month units
  • Building‑wide CHA/Section 8 approved for government‑backed rent

Property Analytics

Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Law Firm Dental Office HVAC Service Skin Care Clinic Gym & Fitness Center Building Supply (Bike/Boat/Book/etc) Store Bakery Accounting Firm

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Fully leased six-unit building with fixed-term leases into 2027 and updated exterior and interior finishes.
Where is this apartment building located?
The property is located at 1264 S Saint Louis Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $739,000.
What are key features of this property?
This property features: 6‑unit greystone; all six units are leased; Fixed‑term leases in place into 2027, with near‑term rent upside on the month‑to‑month units; Building‑wide CHA/Section 8 approved for government‑backed rent
Contact an agent
More about this property
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