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Multifamily Building with Finished Attic

2258 S Whipple Street, Chicago, IL 60623

For Sale
$249,000

RT-4-zoned property combines residential areas, a former storefront space, and a detached brick garage.

Property Size3,828 SF
Price / SF$65.05
Days on Market17

Property Features for 2258 S Whipple Street

General Information

Standard status Active
Size 3,828 SF
Total Parking Spaces 2
Property subtype Commercial
Zoning RT-4

Site & Location

Neighborhood South Lawndale

Units

Unit Mix 2 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units 5

Taxes and HOA fees

Annual Taxes $4,015

Building Details

Building Size 3,828 SF
Year Built 1893
Buildings 1
Stories 3
Units 6
Construction masonry
Listing Agency: Coldwell Banker Realty
Listed By: Anik Zampini · License #475162871
Source: Fishmangroup
Added: Oct 22 Changed: Nov 7 Last Checked: Nov 7 at 1:29PM

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 Coldwell Banker Realty

Rey
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Investment Insights

Based on property information with market context.

This 3,828-square-foot masonry multifamily property was built in 1893 and is being sold as-is. The described residential layout includes two 2-bedroom/1-bath units and one 3-bedroom/1-bath unit. A finished attic contains four bedrooms, a living area, recreational space, a bathroom, and storage. On the first floor, a former storefront/bar area is accompanied by another room and a bathroom. The detached brick garage accommodates two cars and also offers storage. Cook County Assessor records classify the property as multifamily with five apartments; the property is zoned RT-4.

At 2258 S Whipple Street in Chicago, the building combines residential space with a former commercial area. Buyers are responsible for due diligence on zoning, legal unit count, permitted uses, occupancy, building condition, and any proposed renovation or redevelopment.

Key Highlights

  • 3,828‑square‑foot masonry multifamily property, built in 1893
  • RT‑4 zoning; Cook County Assessor records identify five apartments
  • Two 2‑bedroom/1‑bath units and one 3‑bedroom/1‑bath unit

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm (Bike/Boat/Book/etc) Store Hotel & Motel Veterinary Clinic Skin Care Clinic

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

5
Residential units

Location Intelligence

Trade Area within ½ mile

1,813
Businesses Nearby

Demographics for 60623, IL

87,649
Population
31,300
Households
2.8
Avg Household Size
32
Median Age
14%
College-Educated
69%
High-School Grad
5.4 sq mi
ZIP Area
16,231
Density / Sq Mi
$44,040
Median Household Income
$32,642
Median Earnings
$1,054
Median Rent
$221,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Apartment buildings in Chicago

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - RT-4-zoned property combines residential areas, a former storefront space, and a detached brick garage.
Where is this apartment building located?
The property is located at 2258 S Whipple Street Chicago, IL.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 3,828‑square‑foot masonry multifamily property, built in 1893; RT‑4 zoning; Cook County Assessor records identify five apartments; Two 2‑bedroom/1‑bath units and one 3‑bedroom/1‑bath unit
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