Multifamily Redevelopment
For Sale
$250,000
127 E 107th Street, Chicago, IL 60628
Two parcels on one site offer income and flexible redevelopment for up to 16 units, subject to approvals.
Property SizeContact for details
Lot Size0.16 Acres
Days on Market119
Property Features for 127 E 107th Street
General Information
Standard status
Active
Lot size
0.16 Acres
Property subtype
MULTI_FAMILY
Taxes and HOA fees
Annual Taxes
$4,553
Listing Agency:
Trelleum LLC
Listed By:
Sebastian Gomez · License #475204044
(773) 796-1290
Source:
Dawnmckennagroup
Added: Jun 9
Changed: Sep 24
Last Checked: Oct 4 at 4:41PM
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 Trelleum LLC
Investment Insights
Based on property information with market context.
The property presents an investor and redevelopment opportunity in Roseland, consisting of two separate parcels. The offering includes income-producing apartments with the ability to pursue adaptive reuse and redevelopment plans based on buyer goals and approvals. The combined site measures 50 ft by 140 ft, providing flexibility for redevelopment concepts that can be evaluated during the planning and permitting process.
Buyer may explore rezoning to B2-2, with potential for up to 8 units per lot for a total of up to 16 units, subject to zoning approval, plans, permits, and buyer verification. The location is at 127 E 107th Street in Chicago, IL 60628, and the property is being offered as a value-add acquisition suitable for a range of ownership and operating models, including investors, developers, nonprofits, owner-users, and faith-based organizations.
This configuration can support tenants or organizations seeking attainable studio-style housing, while also giving buyers room to shape the final site plan through the rezoning and approval path. Prospective buyers should conduct their own due diligence regarding zoning outcomes, permitting requirements, and feasibility for the intended number of units before proceeding. The property is listed for $325,000, with room to negotiate for a qualified buyer.
Buyer may explore rezoning to B2-2, with potential for up to 8 units per lot for a total of up to 16 units, subject to zoning approval, plans, permits, and buyer verification. The location is at 127 E 107th Street in Chicago, IL 60628, and the property is being offered as a value-add acquisition suitable for a range of ownership and operating models, including investors, developers, nonprofits, owner-users, and faith-based organizations.
This configuration can support tenants or organizations seeking attainable studio-style housing, while also giving buyers room to shape the final site plan through the rezoning and approval path. Prospective buyers should conduct their own due diligence regarding zoning outcomes, permitting requirements, and feasibility for the intended number of units before proceeding. The property is listed for $325,000, with room to negotiate for a qualified buyer.
Key Highlights
- Two separate parcels on one combined 50 ft x 140 ft site in Chicago’s Roseland neighborhood
- Redevelopment potential for up to 8 units per lot / 16 total units, subject to zoning approval, plans, permits, and buyer verification
- Property is described as an investor and adaptive‑reuse opportunity with potential for income during redevelopment
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
869
Businesses Nearby
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Business Placement
Demographics for 60628, IL
62,832
Population
28,736
Households
2.2
Avg Household Size
41
Median Age
24%
College-Educated
87%
High-School Grad
11.0 sq mi
ZIP Area
5,712
Density / Sq Mi
$49,719
Median Household Income
$35,974
Median Earnings
$1,168
Median Rent
$158,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two parcels on one site offer income and flexible redevelopment for up to 16 units, subject to approvals.
Where is this apartment building located?
The property is located at 127 E 107th Street Chicago, IL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two separate parcels on one combined 50 ft x 140 ft site in Chicago’s Roseland neighborhood; Redevelopment potential for up to 8 units per lot / 16 total units, subject to zoning approval, plans, permits, and buyer verification; Property is described as an investor and adaptive‑reuse opportunity with potential for income during redevelopment
