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Six-Unit Brick Apartment Building
For Sale
Under Contract
$1,375,000

8649 W Foster Avenue, Chicago, IL 60656

Commercial Sale, Chicago, IL

Property SizeContact for details
Lot Size0.05 Acres
Days on Market94

Property Features for 8649 W Foster Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 12
Bathrooms 6
Full bathrooms 6
Rooms Bathroom 6, Bathroom 4, Basement, Bedroom 9, Bedroom 11, Bathroom 5, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 2, Bedroom 8, Bedroom 1, Bedroom 7, Bedroom 6, Bathroom 3, Bedroom 10, Bedroom 3, Bedroom 12
Basement Unfinished
Directions Cumberland to Foster West to 8649
Subdivision CHI - O'Hare
Standard status Active Under Contract
APN 12113100550000
Lot size 0.05 Acres

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 13714

Amenities

laundry room
storage cage
landscaping
snow removal

Building Details

Year built 1977
Floors in Building 3
Number of units 6
Building materials Brick
Listing Agency: Enterprise Realty Brokers Inc
Listed By: Velibor Popovic · License #475163375
Added: May 30 Changed: Aug 20 Last Checked: Aug 31 at 1:06PM
MLS# 12663094

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 1977 brick multifamily building contains 6 apartments, each configured with 2 bedrooms and 1.5 bathrooms. Most residences have been updated and are described as being in good condition. The full basement adds functional support space, including a laundry room, individual storage cages, and a larger room that may support additional storage income. The property is zoned MULTI on a 0.0527-acre lot.

Association responsibilities include landscaping, parking, snow removal, and water. The building is located at 8649 W Foster Avenue in Chicago, near a school and the Forest Preserve, with access to the Blue Line, I-90, and O'Hare. These surrounding transportation and recreational connections add context for the apartment layout and established residential setting.

Key Highlights

  • 6‑unit brick apartment building constructed in 1977
  • All 6 units offer 2 bedrooms and 1.5 bathrooms
  • Full basement includes laundry room with 2 washers and 2 dryers

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Furniture & Home Goods Bakery Auto Parts Store (Bike/Boat/Book/etc) Store Cosmetic Store Nail Salon

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

976
Businesses Nearby

Demographics for 60656, IL

28,474
Population
12,840
Households
2.2
Avg Household Size
40
Median Age
42%
College-Educated
92%
High-School Grad
3.2 sq mi
ZIP Area
8,898
Density / Sq Mi
$88,000
Median Household Income
$54,639
Median Earnings
$1,388
Median Rent
$344,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Apartment building - Well-maintained multifamily property with updated apartments, basement laundry, and dedicated storage.
Where is this apartment building located?
The property is located at 8649 W Foster Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: 6‑unit brick apartment building constructed in 1977; All 6 units offer 2 bedrooms and 1.5 bathrooms; Full basement includes laundry room with 2 washers and 2 dryers
More about this property
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