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Gutted Multifamily Building

1116 S California Avenue, Chicago, IL 60612

For Sale
$375,000

The cleared interior is ready for a renovation plan tailored to the property.

Property SizeContact for details
Days on Market9

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

Neighborhood Lawndale
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: Oct 30 Changed: Nov 7 Last Checked: Nov 6 at 5:43PM

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

Rey
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Investment Insights

Based on property information with market context.

Built in 1917, this multifamily property has been stripped to an empty interior, providing a starting point for a new renovation and design plan.

Douglas Park is a short walk away, with public transportation options and access to I-290 nearby. The property is also minutes from hospitals and universities, as well as local dining and shopping destinations.

Key Highlights

  • 1917 construction
  • Interior has been gutted and cleared
  • A short walk from Douglas Park

Property Analytics

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Open Analytics

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
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Market

Properties on Market for Multifamily properties in Chicago

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - The cleared interior is ready for a renovation plan tailored to the property.
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: 1917 construction; Interior has been gutted and cleared; A short walk from Douglas Park
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