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Corner Walk-Up Multifamily Building
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853-55 W Grace, Chicago, IL 60613

Corner walk-up multifamily building in Chicago with substantial renovations and professional management services in place.

Property SizeContact for details
Days on Market123

Property Features for 853-55 W Grace

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: 33 Realty LLC
Listed By: Sean Connelly · License #IL 481011345
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 21 at 5:57AM

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 33 Realty LLC

Investment Insights

Based on property information with market context.

This corner walk-up multifamily building at 853-55 W. Grace offers a distinctive street-corner configuration. The property has undergone a substantial renovation and is supported by professional management services.

Located in Chicago’s Lakeview neighborhood, the building is presented as a turnkey-style investment opportunity with updated improvements and established oversight.

The offering centers on the combination of the corner walk-up layout, the substantial renovation, and the presence of professional management.

Key Highlights

  • Corner walk‑up multifamily building in Chicago’s Lakeview neighborhood
  • Substantial renovation completed, with improvements to the property
  • Professional management services are in place for the building

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm Auto Parts Store Electrical Service Auto Repair Shop Home Appliance Store (Bike/Boat/Book/etc) Store

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

3,912
Businesses Nearby

Demographics for 60613, IL

53,048
Population
31,263
Households
1.7
Avg Household Size
34
Median Age
75%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
23,064
Density / Sq Mi
$91,351
Median Household Income
$68,713
Median Earnings
$1,616
Median Rent
$397,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Corner walk-up multifamily building in Chicago with substantial renovations and professional management services in place.
Where is this multifamily property located?
The property is located at 853-55 W Grace Chicago, IL.
What are key features of this property?
This property features: Corner walk‑up multifamily building in Chicago’s Lakeview neighborhood; Substantial renovation completed, with improvements to the property; Professional management services are in place for the building
(847) 651-5868 Call to check price and availability
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