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13-Unit Walkup Apartment Building
For Sale
$1,600,000

243 N Mason, Chicago, IL 60644

Apartment building with one-, two-, and three-bedroom layouts, individual furnaces, and separate water heaters.

Property Size12,700 SF
Days on Market142

Property Features for 243 N Mason

General Information

Standard status Active
Size 12,700 SF
Property subtype Multifamily

Units

Unit Mix 6 x 3bd/1ba, 6 x 2bd/1ba, 1 x 1bd/1ba
Multifamily Units 13

Additional Details

Public Transit Yes

Building Details

Building Size 12,700 SF
Buildings 1
Listed By: Jack Petrando · License #IL #475.185949
Source: Kisergroup
Added: Jun 2 Changed: Oct 2 Last Checked: Oct 20 at 6:23PM

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 Jack Petrando

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Investment Insights

Based on property information with market context.

243 N. Mason is a thirteen-unit walkup apartment building with a varied residential configuration: six 3bd/1ba apartments, six 2bd/1ba apartments, and one 1bd/1ba apartment. Each unit has an individual furnace and in-unit water heater. Property improvements include new 800 Amp electrical service and updated copper plumbing.

The building is located on N. Mason in Chicago’s Austin neighborhood, one block from the Austin Chicago Green Line “El” train station. Madison St is three blocks away and provides additional public transit and retail options. The surrounding setting is a quiet, tree-lined street within an established urban residential area.

Key Highlights

  • Thirteen (13) unit walkup apartment building
  • Unit mix includes Six (6) 3bd/1ba, Six (6) 2bd/1ba, and one (1) 1bd/1ba
  • Individual furnaces and in‑unit water heaters

Property Analytics

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Lease Details

13
Residential units

Location Intelligence

Trade Area within ½ mile

1,762
Businesses Nearby

Demographics for 60644, IL

47,239
Population
20,619
Households
2.3
Avg Household Size
36
Median Age
11%
College-Educated
85%
High-School Grad
3.5 sq mi
ZIP Area
13,497
Density / Sq Mi
$37,952
Median Household Income
$31,304
Median Earnings
$1,096
Median Rent
$238,300
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

Frequently Asked Questions

What type of property is this?
Apartment building - Apartment building with one-, two-, and three-bedroom layouts, individual furnaces, and separate water heaters.
Where is this apartment building located?
The property is located at 243 N Mason Chicago, IL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Thirteen (13) unit walkup apartment building; Unit mix includes Six (6) 3bd/1ba, Six (6) 2bd/1ba, and one (1) 1bd/1ba; Individual furnaces and in‑unit water heaters
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