Search
Multifamily Building on Double Lot
For Sale
$50,000
Pending

10540 S Lafayette Avenue, Chicago, IL 60628

Residential Income, Chicago, IL

Property SizeContact for details
Days on Market335

Property Features for 10540 S Lafayette Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 5
Bathrooms 2
Full bathrooms 2
Rooms Basement, Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 5, Bedroom 1, Bathroom 2
Basement Exterior Entry, Full
Elementary school district 299
Middle school district 299
High school district 299
Directions One block west of State St between 105th St and 106th St.
Subdivision CHI - Roseland
Standard status Pending
APN 25162150410000

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 952

Utilities

Sewer type Public Sewer
Heating system Radiant

Building Details

Year built 1906
Building materials Vinyl Siding
Listing Agency: Kale Realty
Listed By: Keith Martin · License #475147275
Added: Sep 22, 2025 Changed: Aug 20 Last Checked: Aug 22 at 4:06PM
MLS# 12477515

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.

Multifamily building on a double lot at 10540 S Lafayette Avenue in Chicago, IL 60628. The property is being sold as-is and is described as needing TLC. Construction materials include vinyl siding, with radiant heating. The home includes a basement plus five bedrooms and two bathrooms based on the listed room configuration. Sewer service is public sewer.

For access, the property offers easy access to the expressway and is steps from public transportation.

Built in 1906, this is positioned for buyers looking to renovate a multifamily asset for rental income or a fast turnaround. The remarks also note that no survey is available and that tax proration is 100%.

Key Highlights

  • Multifamily building on a double lot at 10540 S Lafayette Avenue, Chicago, IL 60628
  • Sold as‑is and described as needing TLC
  • Built in 1906 with vinyl siding and radiant heating

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Skin Care Clinic Building Supply (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

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

583
Businesses Nearby

Demographics for 60628, IL

62,832
Population
28,736
Households
2.2
Avg Household Size
41
Median Age
24%
College-Educated
87%
High-School Grad
11.0 sq mi
ZIP Area
5,712
Density / Sq Mi
$49,719
Median Household Income
$35,974
Median Earnings
$1,168
Median Rent
$158,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Multifamily property - Multifamily building on a double lot, built in 1906 with vinyl siding, radiant heat, and public sewer connection.
Where is this multifamily property located?
The property is located at 10540 S Lafayette Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $50,000.
What are key features of this property?
This property features: Multifamily building on a double lot at 10540 S Lafayette Avenue, Chicago, IL 60628; Sold as‑is and described as needing TLC; Built in 1906 with vinyl siding and radiant heating
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message