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Updated Brick 6-Unit Apartment Building
For Sale
$575,000

1838 W 65th Street, Chicago, IL 60636

Corner 6-unit building with updated units and new roof.

Property SizeContact for details
Days on Market105

Property Features for 1838 W 65th Street

General Information

Standard status Active
Property subtype Commercial
Zoning MULTI

Taxes and HOA fees

Annual Taxes $5,424

Building Details

Year Built 1922
Stories 2
Units 6
Listing Agency: Keller Williams ONEChicago
Listed By: Ashley Carter · License #471002063
Source: Allinonerealestateco
Added: May 14 Changed: Aug 26 Last Checked: Aug 25 at 8:38AM

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 ONEChicago

Investment Insights

Based on property information with market context.

This is a corner, all-brick, 6-unit apartment building. It features two 3-bed/1-bath units and four 2-bed/1-bath units. The property has undergone many updates throughout, and all six units have been modernized within the last five years. The building has a new roof and a partial parapet rebuild. Individual furnaces are present, and tenants are responsible for their own gas and electric expenses. Coin-operated laundry is located in the basement.

Key Highlights

  • High 12.2% CAP Rate based on Pro‑forma rents and low expenses.
  • Six modernized units, updated within the last five years.
  • New roof and partial parapet rebuild.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Pharmacy Skin Care Clinic Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

777
Businesses Nearby

Demographics for 60636, IL

34,800
Population
14,363
Households
2.4
Avg Household Size
35
Median Age
11%
College-Educated
78%
High-School Grad
3.9 sq mi
ZIP Area
8,923
Density / Sq Mi
$35,077
Median Household Income
$30,411
Median Earnings
$1,135
Median Rent
$150,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Corner 6-unit building with updated units and new roof.
Where is this apartment building located?
The property is located at 1838 W 65th Street Chicago, IL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: High 12.2% CAP Rate based on Pro‑forma rents and low expenses.; Six modernized units, updated within the last five years.; New roof and partial parapet rebuild.
More about this property
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