Mixed-Use Apartment and Retail
For Sale
$799,926
1206-1210 W 83rd Street, Chicago, IL 60620
Brick mixed-use building with 25 units and storefront space, including recent renovations to five units and updated vinyl windows.
Days on Market52
Property Features for 1206-1210 W 83rd Street
General Information
Standard status
Active
Property subtype
Commercial
Zoning
B3-2
Occupancy
45%
Additional Details
Multifamily Units
25
Building Details
Year Built
1929
Tenancy
Multi
Listing Agency:
PRIME REAL ESTATE GROUP INC
(708) 691-0833
Listed By:
PETER CHRYSANTHOU · License #471012604
Source:
Corcoran
Added: Jun 11
Changed: Jul 10
Last Checked: Jul 29 at 10:05AM
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 PRIME REAL ESTATE GROUP INC
Investment Insights
Based on property information with market context.
This brick mixed-use property contains 25 apartment units and five storefronts, presented as an as-is sale. The building includes recent interior and exterior updates, with five units completely transformed and new vinyl windows installed throughout. The renovated units feature shaker cabinetry, white quartz countertops, stainless steel appliances, and bathrooms finished with modern porcelain tile and matte black fixtures. Flooring mixes luxury vinyl plank and refinished original hardwoods. The seller also reports maintenance items including fixed leaks and plumbing updates intended to support a smoother transition for the next owner.
Located at 1206-1210 W 83rd Street in Chicago’s 60620 zip code, the property includes five high-visibility storefronts. The storefront space is described as being under flexible B3-2 zoning, supporting a range of potential commercial uses and a possible residential conversion concept referenced in the remarks. Current occupancy is reported at 45%.
For buyers or operators seeking a value-add mixed-use platform, the combination of apartment unit renovations already completed and storefront flexibility can support leasing and tenanting efforts while capturing opportunities created by the existing commercial frontage. The asset’s current occupancy and the seller’s stated plan for changes to property taxes the following year are also practical factors to review as part of underwriting and transition planning.
Located at 1206-1210 W 83rd Street in Chicago’s 60620 zip code, the property includes five high-visibility storefronts. The storefront space is described as being under flexible B3-2 zoning, supporting a range of potential commercial uses and a possible residential conversion concept referenced in the remarks. Current occupancy is reported at 45%.
For buyers or operators seeking a value-add mixed-use platform, the combination of apartment unit renovations already completed and storefront flexibility can support leasing and tenanting efforts while capturing opportunities created by the existing commercial frontage. The asset’s current occupancy and the seller’s stated plan for changes to property taxes the following year are also practical factors to review as part of underwriting and transition planning.
Key Highlights
- Brick mixed‑use building built in 1929 at 1206‑1210 W 83rd St with 25 units plus storefront space
- Five units have been renovated with shaker cabinetry, quartz countertops, and stainless steel appliances
- Bathrooms in renovated units feature porcelain tile and matte black fixtures; updated finishes include LVP and refinished original hardwoods
Property Analytics
Property Profile
Current Use
Lease Details
25
Residential units
45%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
711
Businesses Nearby
Explore this area
Business Placement
Demographics for 60620, IL
66,514
Population
30,008
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
88%
High-School Grad
7.0 sq mi
ZIP Area
9,502
Density / Sq Mi
$48,805
Median Household Income
$36,285
Median Earnings
$1,093
Median Rent
$187,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Brick mixed-use building with 25 units and storefront space, including recent renovations to five units and updated vinyl windows.
Where is this apartment building located?
The property is located at 1206-1210 W 83rd Street Chicago, IL.
What is the asking price?
The asking price for this property is $799,926.
What are key features of this property?
This property features: Brick mixed‑use building built in 1929 at 1206‑1210 W 83rd St with 25 units plus storefront space; Five units have been renovated with shaker cabinetry, quartz countertops, and stainless steel appliances; Bathrooms in renovated units feature porcelain tile and matte black fixtures; updated finishes include LVP and refinished original hardwoods
