Brick Apartment Building with Updated
1344 W 19th Street Chicago, IL 60608
1344 W 19th Street, Chicago, IL, 60608
$1,550,000
For Sale
$1,550,000
Well-maintained 7-unit brick building with an updated, diversified unit mix and on-site laundry amenities.
Property Size6,204 SF
Price / SF$249.84
Days on Market116
Property Features for 1344 W 19th Street
General Information
- Standard status
- Active
- Size
- 6,204 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1888
Listing agency
(708) 307-7529
Listed by
Sperry Van Ness
(708) 307-7529
Source
Xome
Added: Mar 30 Updated: Jul 20 at 7:23PM Checked: Jul 22 at 3:34AM
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 Sperry Van Ness
Investment Insights
Based on property information with market context.
This well-maintained 7-unit brick apartment building offers a diversified rental unit mix and updated interiors. The configuration includes one 3 bed/2 bath unit, two 2 bed/1 bath units, and four 1 bed/1 bath units. Updates described in the offering include contemporary flooring, neutral paint palettes, and refreshed kitchens and baths, supporting strong rental appeal while minimizing immediate capital expenditure needs.
The building sits on an alley lot and is described as benefiting from abundant natural light and enhanced privacy. A full basement with high ceilings adds flexibility for future use, subject to zoning and City approval. Tenants also have access to an on-site washer and dryer amenity.
With solid masonry construction and clean, modern interiors, the property is positioned for both stable in-place income and potential additional space in the basement, pending applicable approvals.
The building sits on an alley lot and is described as benefiting from abundant natural light and enhanced privacy. A full basement with high ceilings adds flexibility for future use, subject to zoning and City approval. Tenants also have access to an on-site washer and dryer amenity.
With solid masonry construction and clean, modern interiors, the property is positioned for both stable in-place income and potential additional space in the basement, pending applicable approvals.
Key Highlights
- Well‑maintained 7‑unit brick apartment building built in 1888
- Unit mix: one 3 bed/2 bath, two 2 bed/1 bath, and four 1 bed/1 bath units
- Updated interiors with contemporary flooring, neutral paint palettes, refreshed kitchens and baths
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $182.4k | $29.40 |
| − Vacancy | −$9.5k | −$1.53 |
| EGI | $172.9k | $27.87 |
| − OpEx | −$77.8k | −$12.54 |
| NOI | $95.1k | $15.33 |
6,204 SF · lease $29.40/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.36M
$1.19M – $1.59M
NOI $95,102 @ 7.0% cap · market cap 6.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.93M
$2.56M – $3.41M
NOI $204,762 @ 7.0% cap · market cap 13.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Well-maintained 7-unit brick building with an updated, diversified unit mix and on-site laundry amenities.
Where is this apartment building located?
The property is located at 1344 W 19th Street Chicago, IL.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Well‑maintained 7‑unit brick apartment building built in 1888; Unit mix: one 3 bed/2 bath, two 2 bed/1 bath, and four 1 bed/1 bath units; Updated interiors with contemporary flooring, neutral paint palettes, refreshed kitchens and baths
