7-Unit Mixed-Use Retail &
For Sale
Contact for pricing
23 W 119th St, Chicago, IL 60628
Vacant 7-unit mixed-use building with five apartments and two storefronts, ready for renovation.
Property SizeContact for details
Days on Market122
Property Features for 23 W 119th St
General Information
Standard status
Active
Property subtype
Mixed Use
Additional Details
Cap Rate
20%
Multifamily Units
5
Building Details
Tenancy
Multi
Listing Agency:
EGP Realty
Listed By:
Scott Siegel, MBA · License #471011328
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 22 at 1:50AM
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 EGP Realty
Investment Insights
Based on property information with market context.
Constructed in the 1950s, this 7-unit mixed-use property features five apartments and two separate retail storefronts. The apartment mix includes one 3 bed/1.1 bath unit, one 3 bed/1 bath unit, and three 1 bed/1 bath units. Each storefront is approximately 500 square feet and is currently vacant and ready for renovation.
The apartments and stores provide an on-site residential and commercial setup within the same building. The property is presented with a stated pro-forma 20% cap rate.
As-is condition is noted by the availability for renovation, making the building well-suited for buyers looking to update both the residential units and the storefront spaces.
The apartments and stores provide an on-site residential and commercial setup within the same building. The property is presented with a stated pro-forma 20% cap rate.
As-is condition is noted by the availability for renovation, making the building well-suited for buyers looking to update both the residential units and the storefront spaces.
Key Highlights
- 7‑unit mixed‑use building with 5 apartments and 2 storefronts
- Built with 1950s vintage construction
- Storefronts are approximately 500 SF each
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
525
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Vacant 7-unit mixed-use building with five apartments and two storefronts, ready for renovation.
Where is this apartment building located?
The property is located at 23 W 119th St Chicago, IL.
What are key features of this property?
This property features: 7‑unit mixed‑use building with 5 apartments and 2 storefronts; Built with 1950s vintage construction; Storefronts are approximately 500 SF each
