8-Unit Walk-Up Multifamily
For Sale
Contact for pricing
Pending
3055 W 56th St, Chicago, IL 60629
Eight-unit walk-up with two 2-bed and six 1-bed apartments, supported by recent building capital improvements.
Property SizeContact for details
Days on Market149
Property Features for 3055 W 56th St
General Information
Standard status
Pending
Property subtype
Multifamily
Additional Details
Cap Rate
9%
Multifamily Units
8
Building Details
Tenancy
Multi
Listing Agency:
Kiser Group
Listed By:
Aaron Sklar · License #IL 475161507
(773) 293-5032
Source:
Crexi
Added: Apr 11
Changed: Aug 23
Last Checked: Sep 5 at 4:24PM
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 Kiser Group
Investment Insights
Based on property information with market context.
The property is an eight-unit walk-up multifamily building with a unit mix of two 2-bedroom/1-bath apartments and six 1-bedroom apartments. Capital improvements include individual furnaces and water heaters, new lentils (2018), updated electrical, a new steel porch, and masonry and tuckpointing work.
The site is described as being one block from Gage Park’s 55th Street corridor, with three public transportation stops accessible within a two-block radius for tenants of the building.
The seller describes the building as having a strong rental base and notes that it is stabilized with in-place performance figures referenced in the offering materials.
The site is described as being one block from Gage Park’s 55th Street corridor, with three public transportation stops accessible within a two-block radius for tenants of the building.
The seller describes the building as having a strong rental base and notes that it is stabilized with in-place performance figures referenced in the offering materials.
Key Highlights
- 8‑unit Chicago walk‑up in the Gage Park neighborhood at 3055 W. 56th St
- Unit mix: two 2 bed/1 bath apartments and six 1 bed/1 bath apartments
- Capital improvements include individual furnaces & water heaters, updated electrical, and new steel porch
Property Analytics
Current Use
Lease Details
8
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
845
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Eight-unit walk-up with two 2-bed and six 1-bed apartments, supported by recent building capital improvements.
Where is this apartment building located?
The property is located at 3055 W 56th St Chicago, IL.
What are key features of this property?
This property features: 8‑unit Chicago walk‑up in the Gage Park neighborhood at 3055 W. 56th St; Unit mix: two 2 bed/1 bath apartments and six 1 bed/1 bath apartments; Capital improvements include individual furnaces & water heaters, updated electrical, and new steel porch
