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Multifamily Apartment Building Opportunity
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6321 S California Ave, Chicago, IL 60629

Apartment building with 31 units across one- and two-bedroom layouts near CTA rail and bus service.

Property SizeContact for details
Days on Market123

Property Features for 6321 S California Ave

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 31

Amenities

nine hole golf course
driving range
recreational fields
multi-purpose field house
Listing Agency: Marcus & Millichap - Chicago Downtown
Listed By: James Ziegler · License #IL 475.151507
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 22 at 2:43AM

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 Marcus & Millichap - Chicago Downtown

Investment Insights

Based on property information with market context.

This multifamily apartment building features a unit mix of 25 one-bedroom, one-bath units and six two-bedroom, one-bath units. The one-bedroom units measure 700 square feet, and the two-bedroom units measure 900 square feet, providing a consistent residential layout across the property.

The address is 6321 S California Ave in the Marquette Park neighborhood area. The property is described as 11.6 miles southwest of Chicago’s downtown Loop, about 1.6 miles west of the CTA Ashland & 63rd Street Green and Red Line train station, and roughly 500 feet south of the CTA California & 63rd Street bus stop for Route 94. Marquette Park, noted as a 323-acre park with amenities including a nine-hole golf course, driving range, recreational fields, and a multi-purpose field house, is less than a mile from the subject property.

The current offering is presented as a residential income property for sale.

Key Highlights

  • 31‑unit multifamily building with 25 one‑bed/one‑bath units and 6 two‑bed/one‑bath units
  • Unit sizes include 700 SF for one‑bed units and 900 SF for two‑bed units
  • Located 1.6 miles west of the CTA Ashland & 63rd Street Green & Red Line train station

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Gym & Fitness Center Pharmacy Skin Care Clinic Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

31
Residential units

Location Intelligence

Trade Area within ½ mile

1,160
Businesses Nearby

Demographics for 60629, IL

114,453
Population
36,283
Households
3.2
Avg Household Size
33
Median Age
14%
College-Educated
74%
High-School Grad
7.0 sq mi
ZIP Area
16,350
Density / Sq Mi
$58,813
Median Household Income
$34,635
Median Earnings
$1,106
Median Rent
$236,300
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?
Apartment building - Apartment building with 31 units across one- and two-bedroom layouts near CTA rail and bus service.
Where is this apartment building located?
The property is located at 6321 S California Ave Chicago, IL.
What are key features of this property?
This property features: 31‑unit multifamily building with 25 one‑bed/one‑bath units and 6 two‑bed/one‑bath units; Unit sizes include 700 SF for one‑bed units and 900 SF for two‑bed units; Located 1.6 miles west of the CTA Ashland & 63rd Street Green & Red Line train station
More about this property
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