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    The Largest CRE Database in the US with Over 1 Million Listings

    6933 S Washtenaw Ave Chicago, IL 60629

    Sponsored
    For Sale
    $450,000

    MULTI_FAMILY - Chicago, IL

    Days on Market:
    96
    Last Refresh:
    Feb 1 at 10:06 pm

    Property Features for 6933 S Washtenaw Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    Rooms
    Bathroom 2, Basement, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 4, Bathroom 3, Bedroom 2
    Bedrooms
    4
    Bathrooms
    2
    APN
    19244150170000
    Parking
    3
    Parking features
    Owned, Off Alley
    Exterior features
    Balcony
    Basement
    Unfinished, Full

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Water source
    Public

    Building Details

    Year built
    1928
    Building materials
    Brick

    We can help!

    Listing Contact
    Manuel Torrejon-Regalado

    Keller Williams Chicago ONEChicago (312) 216-2422

    Listing agent Manuel Torrejon-Regalado (312) 730-2029

    Listing date Oct 29, 2025

    MLS# 12474808 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.

    Learn more

    Property Insight Report

    Overview

    Turnkey Multifamily Asset in Chicago

    Located at 6933 S Washtenaw Ave in Chicago, IL 60629, this three-unit multifamily asset features a total building area of 4,503 SF and a net rentable area of 4,351 SF. The property has undergone comprehensive capital improvements in 2023, including replacement of all furnaces and compressors, boilers, and hot-water tanks, a full plumbing upgrade with copper water lines, cast-iron main and 2 PVC range line, complete electrical replacement, a new roof, new first and second-floor windows, refreshed front and side facades, and new hardscape and turf landscaping. The units have forced-air HVAC for heating and cooling. Utilities are separated with three gas meters and four electric meters including common service. The current unit program features two near-identical two-bedroom apartments with closets, separate living and dining rooms, rehabbed kitchens with stainless appliances and ~7-ft islands, and recess lighting throughout the living areas; Unit 2 also includes a large balcony. Current rents are $1,500 and $1,575. Both tenancies are structured on month-to-month lease terms. The lower level has its own HVAC system, compressor, and water tank from 2023, and presents an opportunity to finish a ~1,018 SF unit. Additional income opportunities include three outdoor parking spaces and an owner-owned coin-operated washer and dryer. The property is zoned RS-3 and is located within Chicago Lawn's Lithuanian Plaza/Marquette Park submarket, directly across from McKay Elementary School and near Nativity of the Blessed Virgin Mary and St. Adrian churches. Transit access is strong with CTA bus routes #67, #63, #49, and #94 providing connections to Orange Line rail stations. Recreational amenities include Marquette Park. The area continues to benefit from long-term investment drivers, including the proposed $150M redevelopment of Ford City Mall into a ~913k SF campus along the 79th Street Corridor.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    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
    -87.690302
    Latitude
    41.767245

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    FAQs

    What type of property is this?
    Triplex - Three-unit multifamily property with recent upgrades and income potential.
    Where is this triplex located?
    The property is located at 6933 S Washtenaw Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Turnkey property featuring comprehensive 2023 capital improvements.; - Month-to-month lease terms offer immediate flexibility.; - Opportunity to finish the ~1,018 SF lower level for additional income.
    (312) 730-2029
    Request Owner's contact information
    6933 S Washtenaw Ave Chicago, IL 60629
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    Chicago, IL 60629
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    6933 S Washtenaw Ave Chicago, IL 60629
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    We can help!
    Listing Contact
    Manuel Torrejon-Regalado
    Real Estate License ID: 475165475
    (312) 730-2029
    Learn more
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