Four-Parcel Multifamily
For Sale
Contact for pricing
Pending
848-50 & 854-56 W Altgeld, Chicago, IL 60614
Two nearly identical apartment buildings totaling 16 one-bedroom units with 12 rear parking spaces on four RT-4-zoned lots.
Property SizeContact for details
Lot Size0.29 Acres
Days on Market144
Property Features for 848-50 & 854-56 W Altgeld
General Information
Standard status
Pending
Total Parking Spaces
12
Lot size
0.29 Acres
Property subtype
Multifamily
Zoning
RT-4
Additional Details
Multifamily Units
16
Listing Agency:
Monarch Realty Partners
Listed By:
Michael Anguiano · License #IL 471016453
Source:
Crexi
Added: Apr 11
Changed: Aug 25
Last Checked: Aug 28 at 10:33PM
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 Monarch Realty Partners
Investment Insights
Based on property information with market context.
This offering includes 16 one-bedroom, one-bath apartment units in two separate, nearly identical buildings, with eight units in each building. The property includes 12 parking spaces located at the rear of the site. Tenant-paid utilities are already in place, and the units are presented as ready for cosmetic updates.
The buildings sit on four contiguous lots with RT-4 zoning. The site totals 12,750 square feet of land, and the current configuration provides a basis for either renovation of the existing units, redevelopment of the site, or a combination of the two approaches.
By right, a new owner could build up to 12 units with approximately 15,000 square feet of building area allowed, which represents additional space compared to what is currently built.
The buildings sit on four contiguous lots with RT-4 zoning. The site totals 12,750 square feet of land, and the current configuration provides a basis for either renovation of the existing units, redevelopment of the site, or a combination of the two approaches.
By right, a new owner could build up to 12 units with approximately 15,000 square feet of building area allowed, which represents additional space compared to what is currently built.
Key Highlights
- Two nearly identical multifamily buildings with 16 total 1 bed/1 bath units (8 units per building).
- Tenants already pay utilities; units are ready for cosmetic updates to improve rents.
- 12 parking spaces located at the rear of the property.
Property Analytics
Current Use
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
6,637
Businesses Nearby
Explore this area
Business Placement
Demographics for 60614, IL
73,173
Population
38,089
Households
1.9
Avg Household Size
31
Median Age
86%
College-Educated
98%
High-School Grad
3.2 sq mi
ZIP Area
22,867
Density / Sq Mi
$139,561
Median Household Income
$86,386
Median Earnings
$2,019
Median Rent
$730,700
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 - Two nearly identical apartment buildings totaling 16 one-bedroom units with 12 rear parking spaces on four RT-4-zoned lots.
Where is this apartment building located?
The property is located at 848-50 & 854-56 W Altgeld Chicago, IL.
What are key features of this property?
This property features: Two nearly identical multifamily buildings with 16 total 1 bed/1 bath units (8 units per building).; Tenants already pay utilities; units are ready for cosmetic updates to improve rents.; 12 parking spaces located at the rear of the property.
