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26-Unit Apartment Building
For Sale
$1,850,000

7205 S Bennett Ave, Chicago, IL 60649

Multifamily property with varied unit layouts and nearby Metra Electric service.

Property Size20,000 SF
Days on Market11

Property Features for 7205 S Bennett Ave

General Information

Standard status Active
Size 20,000 SF
Property subtype Multifamily

Units

Unit Mix 12 x 2BR/1BA, 14 x 1BR/1BA
Multifamily Units 26

Additional Details

Public Transit Yes

Building Details

Building Size 20,000 SF
Year Built 1924
Listing Agency:
Listed By: Noah Birk · License #IL #475125864
Source: Kisergroup
Added: Aug 13 Changed: Aug 14 Last Checked: Aug 23 at 4:25AM

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 Noah Birk

Investment Insights

Based on property information with market context.

Built in 1924, this 26-unit apartment building includes twelve 2Bd/1Ba residences and fourteen 1Bd/1Ba residences. The existing mix provides both one- and two-bedroom layouts, while the 1Bd/1Ba units are identified as convertible to 2Bd/1Ba configurations.

The property is located in Chicago’s South Shore neighborhood at 7205 S Bennett Ave. Bryn Mawr Metra Electric Station is one block away, providing rail access to Downtown Chicago. The building is being offered for purchase and has been held by its current ownership for more than 30 years.

Key Highlights

  • 26‑unit apartment building constructed in 1924
  • Unit mix includes Twelve (12) 2Bd/1Ba and Fourteen (14) 1Bd/1Ba units
  • All 1Bd/1Ba units can be converted to 2Bd/1Ba units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Dental Office Building Supply HVAC Service Computer & Electronic Repair Storage Facility

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

26
Residential units

Location Intelligence

Trade Area within ½ mile

1,478
Businesses Nearby

Demographics for 60649, IL

48,171
Population
28,249
Households
1.7
Avg Household Size
39
Median Age
25%
College-Educated
89%
High-School Grad
3.6 sq mi
ZIP Area
13,381
Density / Sq Mi
$40,142
Median Household Income
$36,474
Median Earnings
$1,066
Median Rent
$199,500
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 - Multifamily property with varied unit layouts and nearby Metra Electric service.
Where is this apartment building located?
The property is located at 7205 S Bennett Ave Chicago, IL.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 26‑unit apartment building constructed in 1924; Unit mix includes Twelve (12) 2Bd/1Ba and Fourteen (14) 1Bd/1Ba units; All 1Bd/1Ba units can be converted to 2Bd/1Ba units
More about this property
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