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Brick Apartment Building
For Sale
$1,400,000

1248 W 83rd Street, Chicago, IL 60620

Commercial Sale, Chicago, IL

Property SizeContact for details
Lot Size0.12 Acres
Days on Market8
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Property Features for 1248 W 83rd Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 24
Bathrooms 12
Full bathrooms 12
Rooms Bathroom 7, Bathroom 10, Bathroom 3, Bedroom 1, Bedroom 16, Bedroom 22, Bedroom 3, Bedroom 20, Bathroom 4, Bedroom 12, Bedroom 18, Bedroom 11, Bedroom 8, Bathroom 6, Bathroom 12, Bedroom 13, Bedroom 7, Bedroom 17, Bedroom 19, Bedroom 6, Bedroom 2, Bathroom 8, Bedroom 14, Bedroom 9, Bedroom 24, Bathroom 5, Bedroom 10, Bedroom 4, Bedroom 21, Bedroom 23, Bathroom 9, Bathroom 11, Bedroom 15, Bathroom 2, Bedroom 5, Bathroom 1
Directions ASHLAND TO 83RD, EAST 6 BLOCKS TO PROPERTY.
Subdivision CHI - Auburn Gresham
Standard status Active
APN 20321300180000
Lot size 0.12 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 23000

Amenities

hardwood floors
basement areas
replacement windows
updated porches
emergency lighting

Building Details

Year built 1929
Floors in Building 3
Number of units 12
Building materials Brick
Listing Agency: KM Realty Group, LLC
Listed By: Tammy Jackson · License #471020151
Added: Oct 8 Changed: Oct 15 Last Checked: Oct 15 at 1:06PM
MLS# 12781046

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1929, this brick apartment property has hardwood floors throughout, replacement windows, updated porches, and emergency lighting. Three basement areas provide additional building space. The property is occupied by tenants and sits on a 0.1234-acre corner lot.

Zoning is designated MULTI. The available information also identifies one two-bedroom apartment and three one-bedroom apartments; a total unit count is not included here because the source gives conflicting figures.

Key Highlights

  • Brick apartment property built in 1929
  • 0.1234‑acre corner lot
  • Three basement areas

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
View Realmo Analytics

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 - Hardwood flooring, basement areas, replacement windows, and updated porches are among the building’s existing features.
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 property built in 1929; 0.1234‑acre corner lot; Three basement areas
More about this property
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