Six-Unit Apartment Building with
1723 W Foster Avenue, Chicago, IL 60640
For Sale
$2,400,000
Under Contract
Commercial Sale, Chicago, IL
Property SizeContact for details
Lot Size0.15 Acres
Days on Market49
Property Features for 1723 W Foster Avenue
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Directions
Subdivision
Standard status
APN
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Sewer type
Cooling system
Amenities
in-unit washer/dryer
coin-operated laundry
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Buildings
Listing Agency:
Baird & Warner
(312) 242-1000
Listed By:
Peter Fotopoulos · License IL #471010854
(312) 265-8000
Added: Sep 23
Changed: Oct 24
Last Checked: Nov 10 at 6:06PM
MLS# 12761599
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1923, this brick apartment property contains six residences: four two-bedroom, one-bathroom units and two three-bedroom, two-bathroom duplexes. Central HVAC serves every apartment. The duplexes include in-unit laundry and lower-level family rooms; the other four units have access to coin-operated laundry. A four-car brick garage is also on site. The parcel measures 0.1492 acres.
Building upgrades include a replacement roof installed approximately 2 years ago, rebuilt parapet walls, 400-amp electrical service, copper plumbing, and furnaces replaced approximately 5 years ago. A 160-gallon high-efficiency water heater was installed in 2014. The property is within walking distance of the Foster and Clark corridor, with access to public transportation and Lake Michigan.
Building upgrades include a replacement roof installed approximately 2 years ago, rebuilt parapet walls, 400-amp electrical service, copper plumbing, and furnaces replaced approximately 5 years ago. A 160-gallon high-efficiency water heater was installed in 2014. The property is within walking distance of the Foster and Clark corridor, with access to public transportation and Lake Michigan.
Key Highlights
- Six units: four 2‑bedroom, 1‑bathroom apartments and two 3‑bedroom, 2‑bathroom duplexes
- Fully occupied apartments; central HVAC in all six units
- Four‑car brick garage on a 0.1492‑acre parcel
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,210
Businesses Nearby
Explore this area
Business Placement
Demographics for 60640, IL
65,941
Population
40,850
Households
1.6
Avg Household Size
38
Median Age
63%
College-Educated
92%
High-School Grad
2.4 sq mi
ZIP Area
27,475
Density / Sq Mi
$71,030
Median Household Income
$59,264
Median Earnings
$1,374
Median Rent
$363,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Apartment buildings in Chicago
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - The fully occupied property combines four two-bedroom apartments with two three-bedroom duplexes.
Where is this apartment building located?
The property is located at 1723 W Foster Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Six units: four 2‑bedroom, 1‑bathroom apartments and two 3‑bedroom, 2‑bathroom duplexes; Fully occupied apartments; central HVAC in all six units; Four‑car brick garage on a 0.1492‑acre parcel
