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2318 S Homan Ave Chicago, IL 60623

Sponsored
For Sale
$700,000

MULTI_FAMILY - Chicago, IL

Lot size:
0.07 Acres
Days on Market:
1
Last Refresh:
Mar 4 at 10:06 pm

Property Features for 2318 S Homan Ave

General Information

Property type
Residential Multi Family
Property subtype
Other
Standard status
Active
Zoning
MULTI
Rooms
Bedroom 7, Bedroom 9, Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 3, Bathroom 7, Bedroom 10, Bathroom 5, Bedroom 12, Bedroom 11, Bedroom 3, Bathroom 1, Bathroom 6, Bedroom 4, Bedroom 6, Bedroom 8, Bedroom 5, Bathroom 4
Bedrooms
12
APN
16262110290000
Lot size
0.07 Acres

Building Details

Year built
1908
Floors in Building
3
Number of units
6
Building materials
Brick

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Listing Contact
Davis Edgerly

33 Realty (773) 327-4975

Listing agent Davis Edgerly (773) 849-7084

Listing date Mar 4, 2026

MLS# 12553916

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.

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Property Insight Report

Overview

Updated Multifamily Investment Opportunity

Located in the vibrant Little Village neighborhood of Chicago, 2318 S Homan Ave is a well-maintained and thoughtfully updated 6-unit multifamily investment property. This solid brick building has seen extensive capital improvements, presenting an excellent opportunity for a savvy investor seeking both strong in-place cash flow and long-term upside. Each apartment is equipped with newer furnaces and hot water heaters, copper plumbing throughout, and updated kitchens featuring newer stoves, refrigerators, and select cabinet upgrades. The building has been fully updated with new electrical service, conduit and wiring with individual electrical panels for each unit. Exterior improvements include tuckpointing and a newly constructed two-car garage. Situated on a 0.0717-acre lot, there is also an opportunity to add a legal 7th unit in the unfinished attic space that spans the entire building. With stable operations and clear potential for rent growth through lease renewals, this property offers the ability to further enhance returns while benefiting from a well-improved asset. This multifamily investment with attractive current income and long-term appreciation potential is an excellent addition to any real estate portfolio. The property is zoned MULTI.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.710401
Latitude
41.849279

FAQs

What type of property is this?
Apartment building - Well-maintained 6-unit building in Little Village, Chicago.
Where is this apartment building located?
The property is located at 2318 S Homan Ave Chicago, IL.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: - Opportunity to add a legal 7th unit in the unfinished attic space.; - Fully updated with new electrical service, conduit, and wiring with individual electrical panels for each unit.; - Newer furnaces and hot water heaters in each apartment.
More about this property
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