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Gutted Multifamily Building
For Sale
$375,000

1116 S California Avenue, Chicago, IL 60612

An emptied interior allows for a new design or redevelopment approach.

Property SizeContact for details
Days on Market117

Property Features for 1116 S California Avenue

General Information

Standard status Active
Property subtype MULTI_FAMILY

Property Condition

Severity Major Repairs Needed
Evidence fully gutted

Site & Location

Highway Access Yes
Public Transit Yes

Taxes and HOA fees

Annual Taxes $5,889

Building Details

Year Built 1917
Listing Agency: HomeSmart Connect LLC
Listed By: Mariusz Misiewicz · License #471020684
Source: Dawnmckennagroup
Added: Jun 13 Changed: Oct 6 Last Checked: Oct 7 at 6:31PM

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 HomeSmart Connect LLC

Investment Insights

Based on property information with market context.

Built in 1917, this multifamily property has been gutted, leaving the interior cleared for renovation or redevelopment plans.

The property at 1116 S California Avenue is steps from Douglas Park and near the Tri-Taylor and Illinois Medical District neighborhoods. Public transportation and I-290 provide connections to downtown Chicago and surrounding areas. Hospitals, universities, dining, and shopping are also nearby.

Key Highlights

  • Gutted interior is cleared for renovation or redevelopment
  • Built in 1917
  • Steps from Douglas Park

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Building Supply Dental Office Law Firm HVAC Service Big Box & Wholesale 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

1,657
Businesses Nearby

Demographics for 60612, IL

34,402
Population
16,763
Households
2.1
Avg Household Size
34
Median Age
41%
College-Educated
89%
High-School Grad
3.7 sq mi
ZIP Area
9,298
Density / Sq Mi
$60,457
Median Household Income
$46,582
Median Earnings
$1,330
Median Rent
$331,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Multifamily property - An emptied interior allows for a new design or redevelopment approach.
Where is this multifamily property located?
The property is located at 1116 S California Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Gutted interior is cleared for renovation or redevelopment; Built in 1917; Steps from Douglas Park
More about this property
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