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9-Unit Apartment Building with Storefront
For Sale
$995,000
Pending

2701 S Saint Louis Avenue, Chicago, IL 60623

Fully occupied multifamily property with updated units, garages, a finished basement, and an adjacent side lot.

Property Size7,950 SF
Days on Market55

Property Features for 2701 S Saint Louis Avenue

General Information

Standard status Pending
Size 7,950 SF
Property subtype MULTI_FAMILY
Occupancy 100%

Additional Details

Multifamily Units 9

Taxes and HOA fees

Annual Taxes $11,808

Amenities

finished basement

Building Details

Building Size 7,950 SF
Year Built 1905
Buildings 1
Tenancy Multi
Listing Agency: @properties Christie's International Real Estate
Listed By: Teresa Del Toro
Source: Dawnmckennagroup
Added: Aug 13 Changed: Sep 20 Last Checked: Oct 5 at 11:55PM

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 @properties Christie's International Real Estate

Investment Insights

Based on property information with market context.

This 9-unit apartment property includes a storefront, finished basement, two garages, and an adjacent side lot. Five units were updated within the past year, and many windows were installed in 2026. Every unit has forced-air heating, while four also include central air conditioning. Tenants pay their own utilities, and the building is fully occupied with long-term tenants.

Built in 1905, the property is located at 2701 S Saint Louis Avenue in Chicago’s Little Village neighborhood. The surrounding area includes shopping, dining, transportation, and other everyday amenities. The property is offered for sale as-is.

Key Highlights

  • 9‑unit apartment building with storefront and adjacent side lot
  • Fully occupied with long‑term tenants
  • Five units updated within the past year

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic (Bike/Boat/Book/etc) Store Hotel & Motel Law Firm HVAC Service

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

9
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,350
Businesses Nearby

Demographics for 60623, IL

87,649
Population
31,300
Households
2.8
Avg Household Size
32
Median Age
14%
College-Educated
69%
High-School Grad
5.4 sq mi
ZIP Area
16,231
Density / Sq Mi
$44,040
Median Household Income
$32,642
Median Earnings
$1,054
Median Rent
$221,400
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
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully occupied multifamily property with updated units, garages, a finished basement, and an adjacent side lot.
Where is this apartment building located?
The property is located at 2701 S Saint Louis Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 9‑unit apartment building with storefront and adjacent side lot; Fully occupied with long‑term tenants; Five units updated within the past year
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