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Brick Apartment Building
For Sale
$1,400,000

1248 W 83rd Street, Chicago, IL 60620

The property includes three basement areas, replacement windows, updated porches, and emergency lighting.

Property Size14,000 SF
Price / SF$100
Days on Market10

Property Features for 1248 W 83rd Street

General Information

Standard status Active
Size 14,000 SF
Property subtype MULTI_FAMILY

Additional Details

Unit Mix 1 x 2BR, 3 x 1BR

Taxes and HOA fees

Annual Taxes $23,000

Building Details

Building Size 14,000 SF
Year Built 1929
Construction brick
Listing Agency: KM Realty Group, LLC
Listed By: Tammy Jackson · License #471020151
Source: Dawnmckennagroup
Added: Oct 8 Changed: Oct 17 Last Checked: Oct 16 at 2:00PM

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 KM Realty Group, LLC

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Investment Insights

Based on property information with market context.

Built in 1929, this brick apartment building has hardwood flooring throughout. Building features include three basement areas, replacement windows, updated porches, and emergency lighting.

The building sits on a corner lot and is tenant-occupied, with rental income in place.

Key Highlights

  • Brick apartment building constructed in 1929
  • Corner‑lot setting
  • Hardwood floors throughout

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Building Supply Skin Care Clinic Gym & Fitness Center Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,098
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

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?
Apartment building - The property includes three basement areas, replacement windows, updated porches, and emergency lighting.
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 $1,400,000.
What are key features of this property?
This property features: Brick apartment building constructed in 1929; Corner‑lot setting; Hardwood floors throughout
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