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Updated Duplex Apartment Building
For Sale
$260,000

7923 S Lowe Avenue, Chicago, IL 60620

MULTI_FAMILY - Chicago, IL

Property SizeContact for details
Days on Market125

Property Features for 7923 S Lowe Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 4, Bedroom 1, Basement, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 3
Basement Unfinished, Full
Elementary school district 299
Middle school district 299
High school district 299
Directions 80th St to Lowe South
Subdivision CHI - Auburn Gresham
Standard status Active
APN 20831300800000

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 2612

Utilities

Sewer type Public Sewer
Heating system Natural Gas

Building Details

Year built 1891
Building materials Frame
Listing Agency: Real Broker, LLC
Listed By: Mike Matariyeh
Added: Apr 8 Changed: Aug 5 Last Checked: Aug 10 at 1:06AM
MLS# 12613124

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 updated two-unit duplex apartment building features frame construction and a practical two-bedroom-plus-bedroom/bath layout across the units. The property includes a basement, and the home is heated with natural gas. Public sewer service is in place, supporting straightforward residential operations.

The building was constructed in 1891 and is located on a quiet cul-de-sac. It is described as being steps from a coming soon Metra train station and minutes from the expressway, positioning it for tenant convenience.

Zoned MULTI, this duplex is designed for occupancy as a rental property with independent unit living. The combination of recent updates and residential infrastructure already in place can support day-to-day management for an investor or an owner-occupant seeking rental support.

Key Highlights

  • Two‑unit duplex apartment building
  • Recently updated interiors and finishes
  • Frame construction built in 1891

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Skin Care Clinic Gym & Fitness Center Cafe & Coffee Shop

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

2
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

746
Businesses Nearby

Demographics for 60620, IL

66,514
Population
30,008
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
88%
High-School Grad
7.0 sq mi
ZIP Area
9,502
Density / Sq Mi
$48,805
Median Household Income
$36,285
Median Earnings
$1,093
Median Rent
$187,900
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?
Duplex - Two-unit duplex with recent updates, frame construction, natural gas heat, and public sewer service.
Where is this duplex located?
The property is located at 7923 S Lowe Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Two‑unit duplex apartment building; Recently updated interiors and finishes; Frame construction built in 1891
More about this property
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