8-Unit Apartment
For Sale
Contact for pricing
Pending
1322 E 62nd St, Chicago, IL 60637
Renovated in 2022, the property supports both conventional leases and mid-term room-by-room leasing.
Property SizeContact for details
Days on Market145
Property Features for 1322 E 62nd St
General Information
Standard status
Pending
Property subtype
Multifamily
Listing Agency:
KW Commercial Chicago - Lincoln Park
Listed By:
Tony Hardy · License #IL 475.139834
(312) 863-8990
Source:
Crexi
Added: Apr 12
Changed: Sep 1
Last Checked: Aug 31 at 11:53PM
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 KW Commercial Chicago - Lincoln Park
Investment Insights
Based on property information with market context.
This 8-unit apartment building in Chicago’s Woodlawn neighborhood contains 16,000 SF of gross building area. Completed in 2002 and renovated in 2022, each apartment includes 5 bedrooms and 3 bathrooms. The property accommodates a blended leasing model, with standard leases applied to one portion of the units and mid-term per-room arrangements available for the remainder.
The asset is located near the University of Chicago and the surrounding educational and employment activity. Its configuration provides 40 bedrooms and 24 bathrooms across the building. Financial projections include a 7.22% CAP rate, a 10.52 GRM, and Pro Forma NOI of $357,618.
The asset is located near the University of Chicago and the surrounding educational and employment activity. Its configuration provides 40 bedrooms and 24 bathrooms across the building. Financial projections include a 7.22% CAP rate, a 10.52 GRM, and Pro Forma NOI of $357,618.
Key Highlights
- 8‑unit multifamily property with 16,000 SF of gross building area
- Each apartment contains 5 bedrooms and 3 bathrooms
- Renovated in 2022; original construction dates to 2002
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,093
Businesses Nearby
Explore this area
Business Placement
Demographics for 60637, IL
53,555
Population
26,717
Households
2
Avg Household Size
31
Median Age
37%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
11,901
Density / Sq Mi
$42,080
Median Household Income
$33,227
Median Earnings
$1,170
Median Rent
$243,700
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 - Renovated in 2022, the property supports both conventional leases and mid-term room-by-room leasing.
Where is this apartment building located?
The property is located at 1322 E 62nd St Chicago, IL.
What are key features of this property?
This property features: 8‑unit multifamily property with 16,000 SF of gross building area; Each apartment contains 5 bedrooms and 3 bathrooms; Renovated in 2022; original construction dates to 2002
