Bridgeport Multifamily with Coach
2625 S Union Avenue, Chicago, IL 60616
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Six-unit multifamily property with coach house in Chicago's Bridgeport neighborhood.
Type:Special Purpose
Property size:
4,216 SFPrice / SF:
$189/SF- Added:
- Feb 27, 2026
- Days on Market:
- 84
- Last Refresh:
- Mar 17 at 1:17 pm
Property Features for 2625 S Union Avenue
General Information
- Standard status
- Active
- Size
- 4,216 SF
- Property subtype
- Special Purpose
Listing agent Michael Kozuchowski License #IL - 475193485
Listing office Century 21 S.G.R., Inc. (312) 326-2121
Listing date Feb 27, 2026
Source Crexi
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 Century 21 S.G.R., Inc.
HighLights
- Prime Bridgeport location in the highly‑desirable Healy School District.
- Coach house boasts 4 bedrooms, 1 bathroom, full basement, forced‑air heating/cooling, and private in‑unit laundry, ideal as an owner's unit.
- Six‑unit multi‑family property with potential for increased rental income through cosmetic rehab.
- All units are separately metered for gas and electric.
- Well‑maintained property by long‑term owners.
- Dedicated storage area for each unit in the basement.
Overview
This six-unit multifamily property is located in Chicago's Bridgeport neighborhood. The primary building, which faces S Union Ave, contains five units, with a total of eight bedrooms and five bathrooms. A rear coach house is also on the property, featuring four bedrooms, one bathroom, and a full basement. The coach house is equipped with forced-air heating and cooling, and private in-unit laundry. The property has been maintained by long-term owners. The unit finishes are outdated but functional, and cosmetic rehabilitation is possible. All units are separately metered for gas and electric, and each has its own hot water tank, all of which are located in the basement. The five units in the front building share a common laundry room in the basement, which is outfitted with two washers and two dryers. The basement also includes a dedicated storage area for each unit. The property is in a prime Bridgeport location and is part of the Healy School District. The property size is 4216 square feet.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$718.1K
NOI $64,628 @ 9.00% cap · cautious / downside scenario
Moderate
$923.3K
NOI $64,628 @ 7.00% cap · market / base-case scenario
Aggressive
$1.29M
NOI $64,628 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $124.0k | $29.40 |
| − Vacancy | −$6.4k | −$1.53 |
| EGI | $117.5k | $27.87 |
| − OpEx | −$52.9k | −$12.54 |
| NOI | $64.6k | $15.33 |
4,216 SF · lease $29.40/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$923.3K
$807.9K – $1.08M
NOI $64,628 @ 7.0% cap · market cap 8.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,148 @ 7.0% cap · market cap 17.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6436612
- Latitude
- 41.8445912
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FAQs
What type of property is this?
Apartment building - Six-unit multifamily property with coach house in Chicago's Bridgeport neighborhood.
Where is this apartment building located?
The property is located at 2625 S Union Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Prime Bridgeport location in the highly‑desirable Healy School District.; Coach house boasts 4 bedrooms, 1 bathroom, full basement, forced‑air heating/cooling, and private in‑unit laundry, ideal as an owner's unit.; Six‑unit multi‑family property with potential for increased rental income through cosmetic rehab.
