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Six-Unit Brick Apartment Building
For Sale
Under Contract
$465,000

7317 S Union Avenue, Chicago, IL 60621

Commercial Sale, Chicago, IL

Property SizeContact for details
Lot Size0.11 Acres
Days on Market181

Property Features for 7317 S Union Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 27
Bathrooms 21
Full bathrooms 21
Rooms Bedroom 5, Bathroom 12, Bedroom 16, Bathroom 20, Bedroom 20, Bathroom 5, Bedroom 17, Bedroom 9, Bedroom 2, Bathroom 15, Bathroom 1, Bedroom 11, Bathroom 13, Bathroom 18, Bedroom 14, Bedroom 24, Bedroom 25, Bathroom 6, Bathroom 2, Bathroom 19, Bathroom 7, Bedroom 12, Bedroom 18, Bedroom 22, Bedroom 10, Bedroom 4, Bedroom 19, Bedroom 21, Bathroom 10, Bedroom 27, Bathroom 3, Bedroom 1, Bathroom 9, Bedroom 3, Bathroom 11, Bedroom 7, Bedroom 8, Bedroom 26, Bedroom 6, Bedroom 15, Bathroom 17, Bathroom 21, Bedroom 13, Bathroom 4, Bathroom 16, Bedroom 23, Bathroom 14, Bathroom 8
Directions Halsted St. to 74th St. east to Union then north to address Between Halsted St. and Laramie Ave. on Union Ave
Subdivision CHI - Englewood
Standard status Active Under Contract
APN 20281150050000
Lot size 0.11 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 6430

Building Details

Year built 1916
Floors in Building 3
Number of units 6
Building materials Brick, Concrete
Listing Agency: Century 21 Circle · Coldwell Banker Real Estate
Listed By: Mark Ahmad · License #471007186
Added: Feb 26 Changed: Aug 20 Last Checked: Aug 26 at 6:06AM
MLS# 12576409

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.

This 1916 apartment property is a six-unit brick building with a 0.1148-acre lot. The unit mix includes three two-bedroom, one-bath apartments and three one-bedroom, one-bath apartments. Each residence has its own furnace and air-conditioning system, while the building includes a full basement with a furnace and rough plumbing that could support the creation of two additional units, subject to applicable requirements. Three apartments feature updated kitchens, hardwood flooring, and stainless-steel appliances.

The property is located in Chicago’s Englewood neighborhood near CTA bus service, the 79th Street Red Line station, and Gresham Station on the Rock Island District Metra line. Lake Shore Drive and other major roads are within minutes. Because the building is tenant occupied, interior access requires advance buyer approval.

Key Highlights

  • Six‑unit apartment building with three two‑bedroom units and three one‑bedroom units
  • 1916 brick construction on a 0.1148‑acre lot
  • Full basement includes a furnace and rough plumbing for potential creation of 2 additional units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Gym & Fitness Center Skin Care Clinic Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

749
Businesses Nearby

Demographics for 60621, IL

29,570
Population
15,348
Households
1.9
Avg Household Size
36
Median Age
12%
College-Educated
78%
High-School Grad
3.8 sq mi
ZIP Area
7,782
Density / Sq Mi
$33,235
Median Household Income
$29,961
Median Earnings
$1,017
Median Rent
$161,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Zoned MULTI with a full basement and individually heated and cooled units.
Where is this apartment building located?
The property is located at 7317 S Union Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Six‑unit apartment building with three two‑bedroom units and three one‑bedroom units; 1916 brick construction on a 0.1148‑acre lot; Full basement includes a furnace and rough plumbing for potential creation of 2 additional units
More about this property
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