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6-Unit Brick Apartment Building
New
For Sale
$695,000

2706 S Saint Louis Avenue, Chicago, IL 60623

Six apartments have separate electric and gas meters, with tenants responsible for their own utilities.

Property SizeContact for details
Days on Market3

Property Features for 2706 S Saint Louis Avenue

General Information

Standard status Active
Property subtype Commercial

Site & Location

Highway Access Yes
Public Transit Yes
Utilities to Site Yes

Units

Unit Mix 5 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units 6

Taxes and HOA fees

Annual Taxes $5,275

Amenities

rear porch
exterior parking
unfinished attic

Building Details

Year Built 1901
Buildings 1
Construction brick
Listing Agency: BAIRD & WARNER, INC.
Listed By: LORENZO RICKS
Source: Corcoran
Added: Oct 5 Changed: Oct 7 Last Checked: Oct 7 at 1:54PM

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 BAIRD & WARNER, INC.

Investment Insights

Based on property information with market context.

This 1901 brick apartment building contains six units: five two-bedroom, one-bath apartments and one one-bedroom, one-bath apartment. Electric and gas are separately metered for every unit, and residents pay their own utility costs. Other features include a newer rear porch, thermo-pane windows, forced-air heat in three apartments, exterior vehicle parking, and an unfinished attic with two egress points.

The property is on S Saint Louis Avenue in Chicago’s Little Village, near restaurants and retail on 26th Street. Public transportation is accessible, and the property has routes to I-55, I-290, downtown, and the medical center.

Key Highlights

  • Six‑unit brick apartment building constructed in 1901
  • Five 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit
  • All six apartments have separate electric and gas meters; tenants pay their own utilities

Property Analytics

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Current Use

Apartment buildings

Suggested Use

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

6
Residential units
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

2,605
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 - Six apartments have separate electric and gas meters, with tenants responsible for their own utilities.
Where is this apartment building located?
The property is located at 2706 S Saint Louis Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Six‑unit brick apartment building constructed in 1901; Five 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit; All six apartments have separate electric and gas meters; tenants pay their own utilities
More about this property
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