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Six-Unit Apartment Building
New
For Sale
$1,000,000

458 E Bowen Ave, Chicago, IL 60653

The property comprises three-bedroom apartments with interiors described as well maintained.

Property Size6,252 SF
Days on Market2

Property Features for 458 E Bowen Ave

General Information

Standard status Active
Size 6,252 SF
Property subtype Multifamily

Units

Unit Mix 6 x 3BR/1BA
Multifamily Units 6

Building Details

Building Size 6,252 SF
Year Built 1970
Listed By: Danny Logarakis · License #IL #475165250
Source: Kisergroup
Added: Oct 7 Last Checked: Oct 7 at 2:42PM

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 Danny Logarakis

Investment Insights

Based on property information with market context.

This six-unit apartment property was built in 1970 and contains six three-bedroom, one-bathroom residences. Interiors are described as well maintained, with the possibility of renovation to a more modern finish.

The building is located at 458 E Bowen Ave in Chicago’s Bronzeville neighborhood. Current rents average 15% below market levels.

Key Highlights

  • Six apartments, each with 3 bedrooms and 1 bathroom
  • Built in 1970
  • Current rents average 15% below market levels

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm HVAC Service Kitchen & Bath Showroom Carpet & Flooring Store (Bike/Boat/Book/etc) Store Florist

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

1,108
Businesses Nearby

Demographics for 60653, IL

33,146
Population
18,279
Households
1.8
Avg Household Size
37
Median Age
38%
College-Educated
90%
High-School Grad
2.4 sq mi
ZIP Area
13,811
Density / Sq Mi
$39,565
Median Household Income
$49,335
Median Earnings
$856
Median Rent
$347,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - The property comprises three-bedroom apartments with interiors described as well maintained.
Where is this apartment building located?
The property is located at 458 E Bowen Ave Chicago, IL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Six apartments, each with 3 bedrooms and 1 bathroom; Built in 1970; Current rents average 15% below market levels
More about this property
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