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    7250 S Langley Ave Chicago, IL 60619

    Under Contract
    For Sale
    $354,900

    Commercial Sale - Chicago, IL

    Property size:
    3,660 SF
    Lot size:
    0.07 Acres
    Days on Market:
    67
    Last Refresh:
    Dec 8 at 12:06 pm

    Property Features for 7250 S Langley Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    MULTI
    APN
    20272130410000
    Size
    3,660 SF
    Lot size
    0.07 Acres

    Building Details

    Year built
    1888
    Number of units
    7
    Architectural style
    Other

    Keller Williams Preferred Realty (708) 798-1111 [email protected]

    Listing agent Alicia Bowens (708) 798-1111 License #471021624

    Listing date Oct 3, 2025

    MLS# 12349032 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

    Chicago Multifamily Investment Opportunity

    This 7-unit brick building is located in Chicago's Greater Grand Crossing neighborhood, near the new Obama Presidential Library, Metra stations, shopping, and public transportation. The property features six 1-bedroom, 1-bath units and one 3-bedroom, 1-bath unit. A new roof was installed in 2023, and new front windows and three new furnaces were added in 2020. Tenants are responsible for their own gas and electric, while the owner covers water, common gas, and lighting expenses. Additional features include a detached 2-car garage and basement laundry facilities. There is potential to add an additional unit. Currently, three units are rented, and four are vacant. The property is being sold as-is and offers an opportunity to secure an income-producing asset in an area undergoing revitalization.
    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
    -87.6082881
    Latitude
    41.7625134

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    FAQs

    What type of property is this?
    Apartment building - 7-unit building near Obama Library with income potential.
    Where is this apartment building located?
    The property is located at 7250 S Langley Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $354,900.
    What are key features of this property?
    This property features: - Prime location in Chicago's rapidly growing Greater Grand Crossing neighborhood, near the Obama Presidential Library, Metra, shopping, and public transportation.; - New roof (2023), new front windows (2020), and three new furnaces (2020) reduce future maintenance costs.; - Attractive mix of six 1-bedroom/1-bath units and one 3-bedroom/1-bath unit attracts a variety of tenants.
    (708) 798-1111
    Request Owner's contact information
    7250 S Langley Ave Chicago, IL 60619
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    Chicago, IL 60619
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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
    7250 S Langley Ave Chicago, IL 60619
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