Turnkey 6-Unit Apartment
1264 S Saint Louis Avenue Chicago, IL 60623
For Sale
Contact for pricing
Turnkey six-unit greystone with all units leased through fixed-term leases into 2027.
Days on Market18
Property Features for 1264 S Saint Louis Avenue
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Building Details
- Year Built
- 1906
Listing Agency:
Real Broker LLC
(312) 607-7630
Listed By:
Christian Griffin · License #475171586
Source:
Crexi
Added: Jul 6
Changed: Jul 20
Last Checked: Jul 23 at 12:30PM
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 Real Broker LLC
Investment Insights
Based on property information with market context.
This turnkey 6-unit greystone income property features all six units currently leased, with fixed-term leases in place through 2027. The building includes refreshed interiors with refinished hardwood floors and several notable recent improvements, including a new roof, rebuilt rear porch, tuckpointing, two water heaters, and a rear concrete parking pad.
The property is CHA/Section 8 approved building-wide, providing dependable, government-backed rent. The 2024 Cook County reassessment has been appealed and resolved, with taxes documented through the current cycle.
Financials are presented cleanly via DSCR/commercial and are reported to cover debt service with room to spare. A full rent roll and P&L are available to qualified buyers. Address: 1264 S Saint Louis Avenue, Chicago, IL 60623.
The property is CHA/Section 8 approved building-wide, providing dependable, government-backed rent. The 2024 Cook County reassessment has been appealed and resolved, with taxes documented through the current cycle.
Financials are presented cleanly via DSCR/commercial and are reported to cover debt service with room to spare. A full rent roll and P&L are available to qualified buyers. Address: 1264 S Saint Louis Avenue, Chicago, IL 60623.
Key Highlights
- Turnkey 6‑unit greystone with all six units leased
- Fixed‑term leases in place into 2027 for stability; near‑term rent upside on month‑to‑month units
- New roof plus rebuilt rear porch, tuckpointing, and a rear concrete parking pad
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Turnkey six-unit greystone with all units leased through fixed-term leases into 2027.
Where is this apartment building located?
The property is located at 1264 S Saint Louis Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $739,000.
What are key features of this property?
This property features: Turnkey 6‑unit greystone with all six units leased; Fixed‑term leases in place into 2027 for stability; near‑term rent upside on month‑to‑month units; New roof plus rebuilt rear porch, tuckpointing, and a rear concrete parking pad
