Six-Unit Greystone Apartment
For Sale
$739,000
1264 S Saint Louis Avenue, Chicago, IL 60623
Commercial Sale, Chicago, IL
Property SizeContact for details
Lot Size0.78 Acres
Days on Market47
Property Features for 1264 S Saint Louis Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTI
Bedrooms
15
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 6, Bathroom 4, Basement, Bedroom 13, Bedroom 9, Bedroom 11, Bedroom 14, Bathroom 5, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 2, Bedroom 15, Bedroom 8, Bedroom 1, Bedroom 7, Bedroom 6, Bathroom 3, Bedroom 10, Bedroom 3, Bedroom 12
Basement
Unfinished
Directions
Homan Ave. to Roosevelt W to St Louis.
Subdivision
CHI - North Lawndale
Standard status
Active
APN
16232020370000
Lot size
0.78 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
6750
Utilities
Cooling system
Window Unit(s)
Building Details
Year built
1906
Floors in Building
3
Number of units
6
Building materials
Brick, Wood, Block
Listing Agency:
Real Broker LLC
(217) 960-8605
Listed By:
Christian Griffin · License #475171586
(267) 241-1073
Added: Jul 6
Changed: Aug 20
Last Checked: Aug 21 at 5:06AM
MLS# 12696124
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.
Turnkey six-unit greystone apartment building with all six units leased. The property has fixed-term leases in place through 2027, with near-term rent upside on the month-to-month units. Overall, the building is configured with 15 bedrooms and 6 bathrooms.
Recent exterior and unit improvements include a new roof, a rebuilt rear porch, tuckpointing, and a refreshed rear concrete parking pad. The property also includes two water heaters and refinished hardwood flooring in refreshed units. Cooling is provided via window units. Construction materials include brick, wood, and block, and the building was constructed in 1906.
The building is CHA/Section 8 approved building-wide. Zoning is listed as MULTI. The 2024 Cook County reassessment is already appealed and resolved, with taxes documented through the current cycle. Financial information is available to qualified buyers including a full rent roll and P&L, and the property is described as carrying through on debt service coverage.
Recent exterior and unit improvements include a new roof, a rebuilt rear porch, tuckpointing, and a refreshed rear concrete parking pad. The property also includes two water heaters and refinished hardwood flooring in refreshed units. Cooling is provided via window units. Construction materials include brick, wood, and block, and the building was constructed in 1906.
The building is CHA/Section 8 approved building-wide. Zoning is listed as MULTI. The 2024 Cook County reassessment is already appealed and resolved, with taxes documented through the current cycle. Financial information is available to qualified buyers including a full rent roll and P&L, and the property is described as carrying through on debt service coverage.
Key Highlights
- Turnkey six‑unit greystone with all six units leased
- Fixed‑term leases in place through 2027, plus month‑to‑month units
- 15 bedrooms and 6 bathrooms across the building
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,028
Businesses Nearby
Explore this area
Business Placement
Demographics for 60623, IL
87,649
Population
31,300
Households
2.8
Avg Household Size
32
Median Age
14%
College-Educated
69%
High-School Grad
5.4 sq mi
ZIP Area
16,231
Density / Sq Mi
$44,040
Median Household Income
$32,642
Median Earnings
$1,054
Median Rent
$221,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Turnkey six-unit rental building with all units leased and fixed-term leases in place through 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 six‑unit greystone with all six units leased; Fixed‑term leases in place through 2027, plus month‑to‑month units; 15 bedrooms and 6 bathrooms across the building
