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24-Unit Mixed-Use Building
For Sale
$1,800,000

1-15 N Keeler Avenue, Chicago, IL 60624

Remodeled apartments and six retail spaces share a corner-lot building with on-site laundry and central air in the commercial units.

Property SizeContact for details
Lot Size0.20 Acres
Days on Market164

Property Features for 1-15 N Keeler Avenue

General Information

Standard status Active
Lot size 0.20 Acres
Property subtype MULTI_FAMILY
Zoning B3-2

Financials

Cap Rate 12.65%
Opportunity Zone Yes

Site & Location

Corner Location Yes
Highway Access Yes
Road Access Yes
Public Transit Yes

Units

Unit Mix 5 x studio, 5 x 1BR, 8 x 2BR
Multifamily Units 18

Taxes and HOA fees

Annual Taxes $32,973

Amenities

cashless laundry

Building Details

Year Built 1901
Buildings 1
Tenancy Multi
Listing Agency: Keller Williams Preferred Realty
Listed By: Michael Frank · License #475129769
Source: Harkinsandassociates
Added: Mar 19 Changed: Aug 28 Last Checked: Aug 26 at 9:40AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Preferred Realty

Investment Insights

Based on property information with market context.

This mixed-use building combines 18 remodeled apartments with six retail spaces. The residential component includes five studios, five one-bedroom units, and eight two-bedroom units. Updated kitchens and bathrooms are fitted with refrigerators, ranges, and microwave ovens, while hardwood flooring extends through the living areas and bedrooms. Retail suites feature central air, and cashless laundry is available on site.

The building occupies a 50-by-175-foot corner lot at 1-15 N Keeler Avenue in Chicago. Transit access includes the Pulaski CTA Green and Blue Line stops, with the 290 Expressway nearby. Garfield Park Conservatory, parks, gardens, athletic facilities, and Tilton Elementary School are also in the surrounding area, and the Chicago Loop is approximately five miles away.

Electrical service is rated at 1,200 amps. The boiler and water heater were replaced in 2023. The property is located within an opportunity zone and has a reported 12.65% cap rate.

Key Highlights

  • 24‑unit mixed‑use building with 18 apartments and 6 retail spaces
  • Apartment mix includes 5 studios, 5 one‑bedrooms, and 8 two‑bedrooms
  • 50‑by‑175‑foot corner lot with 1,200 Amp electrical service

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Skin Care Clinic Kitchen & Bath Showroom (Bike/Boat/Book/etc) 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

18
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,067
Businesses Nearby

Demographics for 60624, IL

37,547
Population
16,250
Households
2.3
Avg Household Size
34
Median Age
13%
College-Educated
77%
High-School Grad
3.5 sq mi
ZIP Area
10,728
Density / Sq Mi
$32,607
Median Household Income
$30,924
Median Earnings
$1,152
Median Rent
$223,200
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?
Mixed-use property - Remodeled apartments and six retail spaces share a corner-lot building with on-site laundry and central air in the commercial units.
Where is this mixed-use property located?
The property is located at 1-15 N Keeler Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 24‑unit mixed‑use building with 18 apartments and 6 retail spaces; Apartment mix includes 5 studios, 5 one‑bedrooms, and 8 two‑bedrooms; 50‑by‑175‑foot corner lot with 1,200 Amp electrical service
More about this property
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