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    7552 S Lafayette Ave Chicago, IL 60620

    Under Contract
    For Sale
    $590,000

    Commercial Sale - Chicago, IL

    Days on Market:
    94
    Last Refresh:
    Dec 10 at 10:06 am

    Property Features for 7552 S Lafayette Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    20284050400000

    Building Details

    Year built
    1927
    Number of units
    10
    Architectural style
    Other

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

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

    Listing date Sep 8, 2025

    MLS# 12064703 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 Apartment Building For Sale

    This ten-unit, walk-up apartment building is located in the Park Manor neighborhood of Chicago. The property features a unit mix of eight 1-bedroom, 1-bathroom units and two studio apartments, each with 1 bathroom. All units are equipped with hardwood flooring and individual heat and gas. The property is situated less than one block from the I-94 Express, providing convenient transportation access for tenants. The property is being sold As-Is and has a 9.9% cap rate with an annual gross income of $98,928.
    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
    -87.626347
    Latitude
    41.756898

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    FAQs

    What type of property is this?
    Apartment building - Ten-unit apartment building in Chicago's Park Manor neighborhood.
    Where is this apartment building located?
    The property is located at 7552 S Lafayette Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $590,000.
    What are key features of this property?
    This property features: - 9.9% Cap Rate; - Generate $98,928 Annual Gross Income; - Ten (10) unit apartment building
    (708) 628-2900
    Request Owner's contact information
    7552 S Lafayette Ave Chicago, IL 60620
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    Chicago, IL 60620
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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
    7552 S Lafayette Ave Chicago, IL 60620
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