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Six-Unit Brick Apartment Building
For Sale
$2,250,000

1235 W Foster Avenue, Chicago, IL 60640

Brick multifamily property requiring substantial rehabilitation and offered in its present condition.

Property SizeContact for details
Days on Market164

Property Features for 1235 W Foster Avenue

General Information

Standard status Active
Property subtype Commercial
Zoning MULTI

Property Condition

Severity Repairs Needed
Evidence needs a lot of work

Additional Details

Multifamily Units 6

Taxes and HOA fees

Annual Taxes $7,708

Building Details

Year Built 1911
Buildings 1
Stories 3
Units 6
Construction brick
Listing Agency: HomeSmart Connect LLC
Listed By: Vince Dinh · License #360552853
Source: Perillorealestategroup
Added: Mar 13 Changed: Aug 22 Last Checked: Aug 23 at 11:50AM

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.

Constructed in 1911, this six-unit brick apartment building occupies a double lot and requires substantial work. The property is offered as-is, making its current condition a central consideration for prospective purchasers.

The building is located in Chicago’s Uptown area, within walking distance of the Lake of Michigan, beaches, and parks. Its multifamily configuration and established urban setting provide the core physical characteristics of the property.

Key Highlights

  • Six‑unit brick apartment building
  • Situated on a double lot
  • Built in 1911

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Home Appliance Store Catering Service (Bike/Boat/Book/etc) Store Nursing Home Auto Parts Store Tanning Salon

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

6
Residential units

Location Intelligence

Trade Area within ½ mile

4,402
Businesses Nearby

Demographics for 60640, IL

65,941
Population
40,850
Households
1.6
Avg Household Size
38
Median Age
63%
College-Educated
92%
High-School Grad
2.4 sq mi
ZIP Area
27,475
Density / Sq Mi
$71,030
Median Household Income
$59,264
Median Earnings
$1,374
Median Rent
$363,300
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?
Apartment building - Brick multifamily property requiring substantial rehabilitation and offered in its present condition.
Where is this apartment building located?
The property is located at 1235 W Foster Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Six‑unit brick apartment building; Situated on a double lot; Built in 1911
More about this property
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