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Mixed-Use Apartment and Retail
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2533-61 E 75th Street, Chicago, IL 60649

Portfolio of three mixed-use buildings with apartments and storefront spaces, all currently vacant and needing significant repairs.

Property SizeContact for details
Days on Market123

Property Features for 2533-61 E 75th Street

General Information

Standard status Active
Property subtype Retail, Multifamily, Mixed Use

Additional Details

Multifamily Units 62
Listing Agency: SVN | Chicago Commercial
Listed By: George Lau · License #IL 475162571
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 20 at 8:20PM

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 offering includes three mixed-use buildings totaling 14 apartments and 3 storefronts at 2533–37 E. 75th Street, 12 apartments and 3 retail spaces at 2539–45 E. 75th Street, and 36 apartments and 7 retail spaces at 2549–61 E. 75th Street. All buildings are currently vacant. The 2533–37 and 2539–45 properties require work to bring units and spaces to rentable condition, and the 2539–45 building has no working services at this time. The 2549–61 building also requires extensive cosmetic updates to reach a rentable standard.

The buildings are configured as a combination of residential apartments and ground-floor retail spaces, providing multiple income-producing components within each structure. Given the current condition, the property is best suited for buyers prepared for renovation and repositioning across both residential and retail areas.

Overall, the portfolio presents a consolidated mixed-use layout across three addresses, with a total of 62 apartments and 13 retail spaces, each requiring varying levels of repair and cosmetic restoration.

Key Highlights

  • Portfolio of three mixed‑use buildings on E. 75th Street: 2533‑37, 2539‑45, and 2549‑61
  • 2533‑37 E. 75th St: mixed‑use building with 14 apartments and 3 storefronts; vacant and needs work to reach rentable condition
  • 2539‑45 E. 75th St: mixed‑use building with 12 apartments and 3 retail spaces; vacant with no working services and needs full gut rehab

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Building Supply Dental Office (Bike/Boat/Book/etc) Store Storage Facility Auto Parts Store

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

62
Residential units

Location Intelligence

Trade Area within ½ mile

1,155
Businesses Nearby

Demographics for 60649, IL

48,171
Population
28,249
Households
1.7
Avg Household Size
39
Median Age
25%
College-Educated
89%
High-School Grad
3.6 sq mi
ZIP Area
13,381
Density / Sq Mi
$40,142
Median Household Income
$36,474
Median Earnings
$1,066
Median Rent
$199,500
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 - Portfolio of three mixed-use buildings with apartments and storefront spaces, all currently vacant and needing significant repairs.
Where is this apartment building located?
The property is located at 2533-61 E 75th Street Chicago, IL.
What are key features of this property?
This property features: Portfolio of three mixed‑use buildings on E. 75th Street: 2533‑37, 2539‑45, and 2549‑61; 2533‑37 E. 75th St: mixed‑use building with 14 apartments and 3 storefronts; vacant and needs work to reach rentable condition; 2539‑45 E. 75th St: mixed‑use building with 12 apartments and 3 retail spaces; vacant with no working services and needs full gut rehab
More about this property
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