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Twelve-Unit Multifamily Building
For Sale
$800,000

1502 E 74th St, Chicago, IL 60619

Well-maintained 12-unit property with updated kitchens and baths and an on-site laundry facility.

Days on Market60

Property Features for 1502 E 74th St

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 12

Building Details

Tenancy Multi
Listing Agency:
Listed By: Noah Birk · License #ILLINOIS #475125864
Source: Kisergroup
Added: Jun 2 Changed: Jul 10 Last Checked: Jul 30 at 5:51AM

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.

This well-maintained twelve (12) unit multifamily building offers spacious apartment layouts with updated kitchen and bath interiors. The property is supported by an on-site laundry facility and a modern boiler equipped with an R&D control system, providing practical building infrastructure for ongoing operations.

Positioned in Chicago’s South Shore neighborhood, the building benefits from proximity to public transportation, The Obama Library, and Lake Michigan. It’s also surrounded by a variety of local retail and neighborhood amenities, supporting day-to-day convenience for residents.

For investors or buyers seeking a manageable, income-producing asset, the combination of updated unit finishes and dedicated on-site laundry can help improve day-to-day tenant experience while maintaining a controlled operations profile. With its established 12-unit configuration, the property may be an attractive fit for buyers looking to acquire a turn-key residential income building in a well-regarded area.

Key Highlights

  • Well‑maintained 12‑unit building in Chicago’s South Shore neighborhood
  • 12 spacious units with updated kitchens and baths
  • On‑site laundry facility

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Kitchen & Bath Showroom Cafe & Coffee Shop Dental Office Acupuncture Computer & Electronic Repair

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

12
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,046
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 - Well-maintained 12-unit property with updated kitchens and baths and an on-site laundry facility.
Where is this apartment building located?
The property is located at 1502 E 74th St Chicago, IL.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Well‑maintained 12‑unit building in Chicago’s South Shore neighborhood; 12 spacious units with updated kitchens and baths; On‑site laundry facility
More about this property
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