Apartment Building with
For Sale
Contact for pricing
Pending
156 N Central Ave, Chicago, IL 60644
Thirty-three-unit walkup with a mixed studio and one-bedroom unit profile in Austin.
Property Size22,650 SF
Days on Market434
Property Features for 156 N Central Ave
General Information
Standard status
Pending
Size
22,650 SF
Property subtype
Multifamily
Units
Unit Mix
25 x 0bd/1ba, 8 x 1bd/1ba
Multifamily Units
33
Additional Details
Cap Rate
10.4%
Public Transit
Yes
Amenities
on-site laundry
Building Details
Units
33
Construction
walkup
Listing Agency:
Kiser Group
(773) 293-5033
Listed By:
Jack Petrando · License #IL
Source:
Crexi
Added: Jun 23, 2025
Changed: Aug 30
Last Checked: Aug 30 at 2:41AM
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 33-unit walkup apartment building includes 25 studio units and 8 one-bedroom units, with one bathroom in each. Approximately half of the apartments have renovated kitchens and bathrooms. Property improvements include newer windows, updated masonry, on-site laundry, and two 100-gallon water heaters. The building measures 22,650 square feet.
The property is located in Chicago’s Austin neighborhood, two blocks from the Central Chicago Green Line station, providing rail access to downtown Chicago. The in-place cap rate is 10.4%, with an 18.7% cash return. Additional operational upside is described through leasing and management improvements and alignment of rents with market levels.
The property is located in Chicago’s Austin neighborhood, two blocks from the Central Chicago Green Line station, providing rail access to downtown Chicago. The in-place cap rate is 10.4%, with an 18.7% cash return. Additional operational upside is described through leasing and management improvements and alignment of rents with market levels.
Key Highlights
- 33‑unit walkup apartment building
- Unit mix includes 25 0bd/1ba and 8 1bd/1ba apartments
- Approximately half of the units feature renovated kitchens and baths
Property Analytics
Current Use
Lease Details
33
Residential units
Location Intelligence
Trade Area within ½ mile
1,583
Businesses Nearby
Explore this area
Business Placement
Demographics for 60644, IL
47,239
Population
20,619
Households
2.3
Avg Household Size
36
Median Age
11%
College-Educated
85%
High-School Grad
3.5 sq mi
ZIP Area
13,497
Density / Sq Mi
$37,952
Median Household Income
$31,304
Median Earnings
$1,096
Median Rent
$238,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Thirty-three-unit walkup with a mixed studio and one-bedroom unit profile in Austin.
Where is this apartment building located?
The property is located at 156 N Central Ave Chicago, IL.
What are key features of this property?
This property features: 33‑unit walkup apartment building; Unit mix includes 25 0bd/1ba and 8 1bd/1ba apartments; Approximately half of the units feature renovated kitchens and baths
