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16-Unit Apartment Portfolio
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2013 W Iowa St, Chicago, IL 60622

Four-building multifamily property with varied apartment layouts, updated building systems, and two rear parking spaces.

Property SizeContact for details
Days on Market144

Property Features for 2013 W Iowa St

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: Triad Real Estate Partners
Listed By: James Clough · License #IL 475.147791
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 31 at 2:05AM

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 Triad Real Estate Partners

Investment Insights

Based on property information with market context.

This multifamily portfolio comprises four apartment buildings totaling 16 units at 2013-2015 W. Iowa Street and 2019 W. Iowa Street. The unit mix includes one-bedroom and two-bedroom apartments, two loft-style units, a first-floor duplex-down three-bedroom apartment, and an additional two-bedroom unit. One loft apartment includes a remodeled kitchen and bathroom plus an in-unit washer and dryer; the upper loft unit has washer and dryer hookups.

Property improvements include newer double-hung windows and hot water heaters throughout the buildings. The 2013 W. Iowa Street building has a 3-year-old roof, while half of the loft building roof has been replaced. The 2019 W. Iowa Street building also has a newer roof, newer double-hung windows, and new hot water heaters. Two parking spaces are located behind the 2019 W. Iowa Street property. The buildings have remained under the same ownership for over 25 years.

Key Highlights

  • Four‑building portfolio with 16 total apartment units
  • Unit mix includes one-, two-, and three‑bedroom apartments, plus 2 loft‑style units
  • 2013 W. Iowa Street building has a 3‑year‑old roof

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Nursing Home (Bike/Boat/Book/etc) Store Pet Grooming Service Bed & Breakfast Tanning Salon Supermarket

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

4,626
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

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 - Four-building multifamily property with varied apartment layouts, updated building systems, and two rear parking spaces.
Where is this apartment building located?
The property is located at 2013 W Iowa St Chicago, IL.
What are key features of this property?
This property features: Four‑building portfolio with 16 total apartment units; Unit mix includes one-, two-, and three‑bedroom apartments, plus 2 loft‑style units; 2013 W. Iowa Street building has a 3‑year‑old roof
More about this property
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