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    1264 S Saint Louis Ave Chicago, IL 60623

    For Sale
    $749,000

    Commercial Sale - Chicago, IL

    Property size:
    5,900 SF
    Lot size:
    0.78 Acres
    Days on Market:
    8
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 1264 S Saint Louis Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    APN
    16232020370000
    Size
    5,900 SF
    Lot size
    0.78 Acres

    Utilities

    Cooling system
    Multi Units, Window Unit(s)

    Building Details

    Year built
    1906
    Number of units
    6
    Architectural style
    Other

    Real Broker LLC (267) 241-1073 [email protected]

    Listing agent Christian Griffin (217) 960-8605 License #475171586

    Listing date Nov 28, 2025

    MLS# 12524907 Listing URL

    Copyright © 2025 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.

    Overview

    Homan Square 6-Unit Investment Property

    Located in Homan Square, this is a 6-unit multi-family investment property. The building has been extensively updated. Major improvements completed in 2020 include a new roof and porch, along with upgraded plumbing, HVAC systems, and electricals throughout the building. Additional recent upgrades include a newly installed concrete parking pad in the rear, a modern glass front entry door for enhanced security, and fresh tuckpointing completed this year. Each apartment has been refreshed with new paint and beautifully refinished hardwood floors. Bathrooms and appliances were upgraded this year, and two new water heaters have been added for improved efficiency. The roof has also been professionally resealed. The property contains 5,900 square feet and sits on a 0.78-acre lot. Residents are responsible for their own electric and gas. This property offers income potential and long-term value.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7132267
    Latitude
    41.864439

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    FAQs

    What type of property is this?
    Apartment building - Turnkey, upgraded 6-unit building in Homan Square, Chicago.
    Where is this apartment building located?
    The property is located at 1264 S Saint Louis Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $749,000.
    What are key features of this property?
    This property features: - Turnkey investment property with strong income potential in Homan Square.; - Major improvements completed in 2020: new roof, porch, upgraded plumbing, HVAC, and electrical systems.; - Low operating expenses due to tenants paying their own electric and gas.
    (217) 960-8605
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1264 S Saint Louis Ave Chicago, IL 60623
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