Six-Unit Apartment Building with
New
For Sale
$2,400,000
1723 W Foster Avenue, Chicago, IL 60640
Commercial Sale, Chicago, IL
Property SizeContact for details
Lot Size0.15 Acres
Days on Market2
Property Features for 1723 W Foster Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTI
Bedrooms
14
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 6, Bedroom 14, Bedroom 11, Bedroom 4, Bedroom 3, Bedroom 8, Bathroom 6, Bedroom 2, Bathroom 8, Bathroom 7, Bedroom 5, Bedroom 12, Bedroom 1, Bathroom 5, Bathroom 2, Bathroom 3, Bedroom 7, Bedroom 9, Bedroom 10, Bathroom 1, Bedroom 13, Bathroom 4
Directions
Foster East Or West to property at 1723-25 NO SIGN ON PROPERTY
Subdivision
CHI - Uptown
Standard status
Active
APN
14074030070000
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
30109
Utilities
Utilities
Water Available
Cooling system
Central Air
Amenities
crown molding
hardwood floors
decorative fireplaces
separate dining rooms
granite countertops
stainless steel appliances
built-in hutches
central HVAC
in-unit washer/dryer
coin-operated laundry
family rooms
Building Details
Year built
1923
Floors in Building
3
Number of units
6
Building materials
Brick, Concrete
Roof type
Rubber
Listing Agency:
Baird & Warner
(312) 242-1000
Listed By:
Peter Fotopoulos · License #471010854
(312) 265-8000
Added: Sep 23
Last Checked: Sep 24 at 5:06PM
MLS# 12761599
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.
Built in 1923, this brick-and-concrete apartment building contains six residences: four two-bedroom, one-bathroom apartments and two three-bedroom, two-bathroom duplexes. The units offer hardwood flooring, crown molding, decorative fireplaces, separate dining areas, granite kitchen counters, stainless steel appliances, and built-in hutches. Central HVAC serves all apartments. The duplexes add side-by-side laundry and lower-level family rooms, while the remaining units use coin-operated laundry. All six apartments are currently rented, and the property carries MULTI zoning.
Recent and prior capital work includes a tear-off roof completed approximately 2 years ago, rebuilt parapet walls, 400-amp electrical service, copper plumbing, a 160-gallon high-efficiency water heater installed in 2014, and furnaces replaced approximately 5 years ago. The property also includes a 4-car brick garage with rebuilt trusses and a newer rubber roof. The 0.1492-acre site is located on W Foster Avenue in Chicago, between Andersonville and Ravenswood/Lincoln Square, near the Foster/Clark corridor, public transportation, and Lake Michigan.
Recent and prior capital work includes a tear-off roof completed approximately 2 years ago, rebuilt parapet walls, 400-amp electrical service, copper plumbing, a 160-gallon high-efficiency water heater installed in 2014, and furnaces replaced approximately 5 years ago. The property also includes a 4-car brick garage with rebuilt trusses and a newer rubber roof. The 0.1492-acre site is located on W Foster Avenue in Chicago, between Andersonville and Ravenswood/Lincoln Square, near the Foster/Clark corridor, public transportation, and Lake Michigan.
Key Highlights
- Six apartments: four 2‑bedroom/1‑bath units and two 3‑bedroom/2‑bath duplexes
- All 6 units are currently rented
- 4‑car brick garage with rebuilt trusses and newer rubber roof
Property Analytics
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Current Use
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,210
Businesses Nearby
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Business Placement
Demographics for 60640, IL
65,941
Population
40,850
Households
1.6
Avg Household Size
38
Median Age
63%
College-Educated
92%
High-School Grad
2.4 sq mi
ZIP Area
27,475
Density / Sq Mi
$71,030
Median Household Income
$59,264
Median Earnings
$1,374
Median Rent
$363,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully rented apartments feature updated kitchens, central HVAC, and a varied unit mix including duplex layouts.
Where is this apartment building located?
The property is located at 1723 W Foster Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Six apartments: four 2‑bedroom/1‑bath units and two 3‑bedroom/2‑bath duplexes; All 6 units are currently rented; 4‑car brick garage with rebuilt trusses and newer rubber roof
