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    5639 S Princeton Ave Chicago, IL 60621

    For Sale
    $400,000

    Commercial Sale - Chicago, IL

    Days on Market:
    130
    Last Refresh:
    Dec 7 at 6:06 pm

    Property Features for 5639 S Princeton Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR
    APN
    20162020330000

    Building Details

    Year built
    1907
    Number of units
    6
    Architectural style
    Other

    Hunter's Realty, Inc. (708) 628-2900 [email protected]

    Listing agent Kaela Clay (708) 628-2900 License #475190154

    Listing date Jul 31, 2025

    MLS# 12064508 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

    Englewood Multifamily Investment Opportunity

    This is an all-brick six-flat building located in the Englewood community of Chicago. Each of the six units features three bedrooms and one bathroom. The property is situated minutes from the Dan Ryan Expressway. Individual heating is present in each unit, and the kitchens and bathrooms have been updated throughout. The building is well-maintained and suitable for investors or owner-occupants. The property is being sold As-Is. The current cap rate is 12% with rents below market value. The zoning is classified as COMMR.
    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 Gym & Fitness Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6325818
    Latitude
    41.7915391

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    FAQs

    What type of property is this?
    Apartment building - Six-unit apartment building in Chicago's Englewood neighborhood, near Dan Ryan.
    Where is this apartment building located?
    The property is located at 5639 S Princeton Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: - High 12% Cap Rate; - All Brick 6-Flat Building; - Six 3-Bedroom, 1-Bath Units
    (708) 628-2900
    Request Owner's contact information
    5639 S Princeton Ave Chicago, IL 60621
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    Chicago, IL 60621
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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
    5639 S Princeton Ave Chicago, IL 60621
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