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Six-Unit Apartment Building
For Sale
Contact for pricing
Pending

1204 E 82nd St, Chicago, IL 60619

Unit mix includes one-, two-, and three-bedroom apartments with updated building systems.

Property SizeContact for details
Days on Market142

Property Features for 1204 E 82nd St

General Information

Standard status Pending
Total Parking Spaces 2
Property subtype Multifamily

Units

Unit Mix 2 x 1Bd/1Ba, 2 x 2Bd/1Ba, 2 x 3Bd/1Ba
Multifamily Units 6

Additional Details

Public Transit Yes

Amenities

laundry machines

Building Details

Buildings 1
Listing Agency: Kiser Group
Listed By: John George · License #IL
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 2:22AM

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.

This six-unit apartment property in Chicago’s Chatham neighborhood offers a balanced mix of two 1-bedroom/1-bath units, two 2-bedroom/1-bath units, and two 3-bedroom/1-bath units. Building improvements include a Peerless boiler, hot water tanks installed in 2018, and an updated electrical system. New laundry machines and an attached two-car garage provide additional operating features and income sources.

The property is positioned among single-family homes and is three blocks from the 79th Street bus stop and Metra’s 79th/Chatham Station. Those transit connections provide access to downtown Chicago and other parts of the city. The property is offered with a stated cap rate over 14% and a 26.25% cash return.

Key Highlights

  • Six‑unit apartment building with two 1Bd/1Ba, two 2Bd/1Ba, and two 3Bd/1Ba units
  • Peerless boiler and hot water tanks installed in 2018
  • Updated electrical system

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Gym & Fitness Center (Bike/Boat/Book/etc) Store HVAC Service Law Firm Skin Care Clinic Kitchen & Bath Showroom

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

6
Residential units

Location Intelligence

Trade Area within ½ mile

1,053
Businesses Nearby

Demographics for 60619, IL

63,303
Population
33,547
Households
1.9
Avg Household Size
43
Median Age
27%
College-Educated
90%
High-School Grad
6.1 sq mi
ZIP Area
10,378
Density / Sq Mi
$43,403
Median Household Income
$35,672
Median Earnings
$1,054
Median Rent
$213,000
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 - Unit mix includes one-, two-, and three-bedroom apartments with updated building systems.
Where is this apartment building located?
The property is located at 1204 E 82nd St Chicago, IL.
What are key features of this property?
This property features: Six‑unit apartment building with two 1Bd/1Ba, two 2Bd/1Ba, and two 3Bd/1Ba units; Peerless boiler and hot water tanks installed in 2018; Updated electrical system
More about this property
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