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Mixed-Use Greystone Building
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2507 W Augusta Blvd, Chicago, IL 60622

Six-unit greystone with five residential units, one commercial storefront, and an unfinished basement.

Property SizeContact for details
Days on Market121

Property Features for 2507 W Augusta Blvd

General Information

Standard status Active
Total Parking Spaces 3
Property subtype Mixed Use, Multifamily

Additional Details

Multifamily Units 5

Building Details

Construction greystone
Listing Agency: Zenitram Real Estate Services Inc
Listed By: Curtis Helwig · License #IL 471.019696
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 22 at 4:35AM

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 Zenitram Real Estate Services Inc

Investment Insights

Based on property information with market context.

This beautiful greystone building offers six total units, including five residential units and one commercial storefront space. Hardwood/oak floors run throughout the property, and the basement includes laundry. An unfinished basement provides additional area, and a new porch was added in 2013. The commercial unit is currently being used for a custom furniture business.

The building includes three parking spaces. The landlord pays heat and electric for the first-floor residential units only. Two units were recently vacant, while the remaining residential units are month-to-month except for the storefront, which expires 12/2021.

Current rent levels are described as below market, and the listing notes that rents could be raised overall by about 25%. Prospective buyers should confirm all income and lease terms before making decisions, and please do not disturb current occupants.

Key Highlights

  • Greystone 6‑unit building with five residential units and one commercial storefront
  • Oak floors throughout and laundry available in the unfinished basement
  • New porch completed in 2013

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Nursing Home Accounting Firm (Bike/Boat/Book/etc) Store Pet Grooming Service Supermarket Locksmith

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

3,531
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 - Six-unit greystone with five residential units, one commercial storefront, and an unfinished basement.
Where is this apartment building located?
The property is located at 2507 W Augusta Blvd Chicago, IL.
What are key features of this property?
This property features: Greystone 6‑unit building with five residential units and one commercial storefront; Oak floors throughout and laundry available in the unfinished basement; New porch completed in 2013
More about this property
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