Search
Updated Two-Building Apartment Property
For Sale
Contact for pricing

2501 N Richmond St, Chicago, IL 60647

Masonry construction and separate heating serve a mix of one- and two-bedroom apartments.

Property SizeContact for details
Days on Market143

Property Features for 2501 N Richmond St

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Multifamily

Units

Unit Mix 2 x 2BR/1BA, 4 x 1BR/1BA
Multifamily Units 6

Building Details

Year Renovated 2014
Buildings 2
Stories 2
Construction masonry
Listing Agency: SVN | Chicago Commercial
Listed By: Reid Bennett, CCIM · License #IL 471015237
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 9:23AM

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 SVN | Chicago Commercial

Investment Insights

Based on property information with market context.

This apartment property includes two 2-story masonry buildings with six residential units in a varied layout. The front building at 2501 N. Richmond contains two two-bedroom apartments, each with one full bath and separate heating. The rear building at 2918 W. Altgeld includes four one-bedroom, one-bath units, also with separate heating.

Interior improvements completed in 2014 included kitchens, bathrooms, windows, walls, and mechanical systems. A two-car attached garage provides additional on-site utility for the property. The buildings are identified at 2501 N. Richmond St. and 2918 W. Altgeld in Chicago, Illinois.

Key Highlights

  • Two 2‑story masonry apartment buildings
  • Front building includes (2) two‑bedroom units with one full bath and separate heating
  • Rear building contains (4) one‑bedroom, one‑bath units with separate heating

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Nursing Home HVAC Service Butcher (Bike/Boat/Book/etc) Store Clothing & Fashion Store Bed & Breakfast

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

6
Residential units

Location Intelligence

Trade Area within ½ mile

2,679
Businesses Nearby

Demographics for 60647, IL

85,631
Population
41,975
Households
2
Avg Household Size
33
Median Age
61%
College-Educated
92%
High-School Grad
4.0 sq mi
ZIP Area
21,408
Density / Sq Mi
$102,851
Median Household Income
$65,776
Median Earnings
$1,714
Median Rent
$557,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Masonry construction and separate heating serve a mix of one- and two-bedroom apartments.
Where is this apartment building located?
The property is located at 2501 N Richmond St Chicago, IL.
What are key features of this property?
This property features: Two 2‑story masonry apartment buildings; Front building includes (2) two‑bedroom units with one full bath and separate heating; Rear building contains (4) one‑bedroom, one‑bath units with separate heating
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message