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Six-Unit Apartment Building
For Sale
Contact for pricing
Pending

1509 W Thomas Street, Chicago, IL 60642

Fully rented property with duplex residences, updated building systems, and coin-operated laundry.

Property SizeContact for details
Days on Market144

Property Features for 1509 W Thomas Street

General Information

Standard status Pending
Property subtype Multifamily
Occupancy 100%

Additional Details

Public Transit Yes
Multifamily Units 6

Amenities

exposed brick
high ceilings
stainless steel appliances
ceiling fans
climate control
private back decks
courtyard patio
coin operated laundry
large closets
flex space

Building Details

Year Renovated 2000
Buildings 1
Construction brick
Listing Agency: Keller Williams North Shore West
Listed By: Erik Gimbel · License #IL 475156920
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 31 at 2:17AM

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 Keller Williams North Shore West

Investment Insights

Based on property information with market context.

This six-unit brick apartment building combines four one-bedroom, one-bath residences with two spacious duplex units. The smaller apartments feature exposed brick, high ceilings, stainless steel appliances, updated bathrooms, and climate control. Duplex layouts include oversized kitchens with islands, generous storage, eat-in areas, large living rooms, full bathrooms, and upper-level bedrooms with closet and flex space. Rear apartments offer private back decks, while the property also includes a courtyard patio and third-floor coin-operated laundry.

Ownership updates include first-floor furnaces installed in 2022, multiple furnace and air-conditioning improvements, hot water heaters replaced in 2017, and roof work completed in 2013 and 2022. A gut renovation from 1998 to 2000 included windows, electrical wiring, plumbing, and central air, with 220-line circuit breakers in each unit. The property is fully rented and located near Chicago’s Blue Line, shopping, restaurants, and parks.

Key Highlights

  • Six‑unit apartment building with four 1‑bedroom/1‑bath units and two duplex residences
  • Fully rented property with coin‑operated laundry on the 3rd floor dormer
  • Gut renovation from 1998‑2000 included windows, electrical, plumbing, and central air

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Nursing Home (Bike/Boat/Book/etc) Store Tanning Salon Adult Day Care Bed & Breakfast Farmer's Market

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
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

3,963
Businesses Nearby

Demographics for 60642, IL

21,687
Population
12,144
Households
1.8
Avg Household Size
33
Median Age
78%
College-Educated
97%
High-School Grad
1.7 sq mi
ZIP Area
12,757
Density / Sq Mi
$141,179
Median Household Income
$90,885
Median Earnings
$2,216
Median Rent
$604,200
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 - Fully rented property with duplex residences, updated building systems, and coin-operated laundry.
Where is this apartment building located?
The property is located at 1509 W Thomas Street Chicago, IL.
What are key features of this property?
This property features: Six‑unit apartment building with four 1‑bedroom/1‑bath units and two duplex residences; Fully rented property with coin‑operated laundry on the 3rd floor dormer; Gut renovation from 1998‑2000 included windows, electrical, plumbing, and central air
(847) 530-3704 Call to check price and availability
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