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    2417 S Saint Louis Ave Chicago, IL 60623

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    For Sale
    $569,999

    Six apartments in Little Village, fully rented with income potential.

    Property Features for 2417 S Saint Louis Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1900

    Source: BAIRD & WARNER Agent DIANE LABORDE-DELGADO

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Six-Unit Building in Little Village

    This is a six-unit brick apartment building located in Chicago's Little Village neighborhood, steps from the 26th Street retail district. The building contains six spacious two-bedroom apartments. Each unit includes a living room, kitchen with eating area, and separate utilities. Three units are located in the front of the building and three in the rear. The property is fully rented on a month-to-month basis. There is significant potential to increase rental income. The rear porch roof and four water heating tanks were replaced approximately six years ago. Each unit has a separate electric box. The building is conveniently located with easy access to expressways and public transportation. The building is being sold in as-is condition.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7142792
    Latitude
    41.9252846

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    FAQs

    What type of property is this?
    Apartment building - Six apartments in Little Village, fully rented with income potential.
    Where is this apartment building located?
    The property is located at 2417 S Saint Louis Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $569,999.
    What are key features of this property?
    This property features: - Six spacious 2-bedroom apartments offer immediate rental income.; - Separate utilities for each unit simplify management and tenant billing.; - Significant potential to increase rental income due to below-market rents.
    (773) 775-1855
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2417 S Saint Louis Ave Chicago, IL 60623
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