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Renovated 8-Unit Apartment Building
For Sale
$2,595,000

1840 W Augusta Boulevard, Chicago, IL 60622

Eight one-bedroom residences feature central heating and cooling, in-unit laundry, spacious walk-in closets, and updated interiors.

Property SizeContact for details
Days on Market9

Property Features for 1840 W Augusta Boulevard

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Commercial

Units

Unit Mix 8 x 1BR/1BA
Multifamily Units 8

Taxes and HOA fees

Annual Taxes $19,785

Amenities

walk-in closets
central heat/ac
in-unit laundry
front offices
exposed brick
Central air
Central Air Cooling
Rubber Roof

Building Details

Year Built 1890
Buildings 1
Listing Agency: LEASE312INC
Listed By: REED MEYER · License #471022835
Source: Corcoran
Added: Sep 14 Changed: Sep 21 Last Checked: Sep 21 at 7:27AM

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 LEASE312INC

Investment Insights

Based on property information with market context.

This legal 8-unit apartment building at 1840 W Augusta Boulevard in Chicago combines extensive renovation work with retained historic character. Each residence is configured as a 1BR/1BA apartment with central heat and AC, in-unit laundry, large walk-in closets, and contemporary finishes. Exposed brick remains part of the building’s interior character, while electric service and copper plumbing have been updated. The property was built in 1890 and includes a 2-car garage at the rear.

The 2F and 3F apartments each include an additional front office adjoining the living room. All leases extend into 2027, providing established occupancy terms across the building.

Key Highlights

  • Legal 8‑unit apartment building with all units configured as 1BR/1BA
  • Gut‑renovated interiors with exposed brick and updated electric and copper plumbing
  • Central heat/AC and in‑unit laundry in every residence

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Nursing Home (Bike/Boat/Book/etc) Store Carpet & Flooring Store Pet Grooming Service Tanning Salon Butcher

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

8
Residential units

Location Intelligence

Trade Area within ½ mile

5,074
Businesses Nearby

Demographics for 60622, IL

55,075
Population
27,630
Households
2
Avg Household Size
33
Median Age
73%
College-Educated
94%
High-School Grad
2.5 sq mi
ZIP Area
22,030
Density / Sq Mi
$124,852
Median Household Income
$76,180
Median Earnings
$1,932
Median Rent
$622,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 - Eight one-bedroom residences feature central heating and cooling, in-unit laundry, spacious walk-in closets, and updated interiors.
Where is this apartment building located?
The property is located at 1840 W Augusta Boulevard Chicago, IL.
What is the asking price?
The asking price for this property is $2,595,000.
What are key features of this property?
This property features: Legal 8‑unit apartment building with all units configured as 1BR/1BA; Gut‑renovated interiors with exposed brick and updated electric and copper plumbing; Central heat/AC and in‑unit laundry in every residence
More about this property
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