1248 W 83rd Street Chicago, IL 60620

Building Details

Year Built

1929

Listing office Real People Realty

Listing date May 19, 2026

Source Crexi

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Investment Insights

Based on property information with market context.

This 15-unit multifamily building is located near recent city-backed developments. The property features thirteen two-bedroom units and two one-bedroom units. The property offers a high pro-forma cap rate, providing immediate cash flow. There is potential to add on-site laundry and tenant storage.

Key Highlights

• High pro‑forma cap rate provides immediate cash flow.
• 15‑unit multifamily building suitable for short or long‑term investment.
• Thirteen 2‑bedroom units and two 1‑bedroom units.

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FAQs

What type of property is this?

Apartment building - 15-unit multifamily building with immediate cash flow potential.

Where is this apartment building located?

The property is located at 1248 W 83rd Street Chicago, IL.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: High pro‑forma cap rate provides immediate cash flow.; 15‑unit multifamily building suitable for short or long‑term investment.; Thirteen 2‑bedroom units and two 1‑bedroom units.