14-Unit Multifamily
For Sale
$4,000,000
2801 W Logan Blvd, Chicago, IL 60647
Vintage Chicago construction with updated interiors near the Logan Square CTA Blue Line station.
Property Size13,250 SF
Days on Market52
Property Features for 2801 W Logan Blvd
General Information
Standard status
Active
Size
13,250 SF
Property subtype
Multifamily
Site & Location
Neighborhood
Logan Square
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
14
Building Details
Building Size
13,250 SF
Year Built
1902
Listed By:
Lee Kiser · License #IL #471014529
(773) 919-1297
Source:
Kisergroup
Added: Sep 16
Changed: Oct 25
Last Checked: Nov 6 at 5:23AM
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 Lee Kiser
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Investment Insights
Based on property information with market context.
This 14-unit multifamily property combines classic Chicago vintage architecture with renovated interiors. Constructed in 1902, the building is located along Logan Boulevard in Logan Square, providing a residential asset with established physical character and updated apartment finishes.
The property is steps from the Logan Square CTA Blue Line station and near the Kennedy Expressway, identified as I-90/94. Its location also places the building within Logan Square and near neighborhood amenities and major employment centers.
The property is steps from the Logan Square CTA Blue Line station and near the Kennedy Expressway, identified as I-90/94. Its location also places the building within Logan Square and near neighborhood amenities and major employment centers.
Key Highlights
- 14‑unit multifamily asset in Logan Square
- Built in 1902 with classic Chicago vintage architecture
- Renovated interiors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$203,111
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,062,220
$4.1M
Cap Rate 7%
$2,901,586
$2.9M
Cap Rate 9%
$2,256,789
$2.3M
Market Conditions
NOI Build-Up for 13,250 SF
Gross rent
$389.6K $29.40/SF
− Vacancy
−$20.3K −$1.53/SF
EGI
$369.3K $27.87/SF
− OpEx
−$166.2K −$12.54/SF
NOI
$203.1K $15.33/SF
Area
Chicago, IL
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,062,220
Cap Rate 7%
$2,901,586
Cap Rate 9%
$2,256,789
Alternative Uses
Best Use
Apartment 5plus
$2.90M
$2.54M – $3.39M
NOI $203,111 @ 7.0% cap · market cap 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.25M
$5.47M – $7.29M
NOI $437,314 @ 7.0% cap · market cap 10.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
14
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,690
Businesses Nearby
Explore this area
Business Placement
Demographics for 60647, IL
85,631
Population
41,975
Households
2
Avg Household Size
33
Median Age
61%
College-Educated
92%
High-School Grad
4.0 sq mi
ZIP Area
21,408
Density / Sq Mi
$102,851
Median Household Income
$65,776
Median Earnings
$1,714
Median Rent
$557,300
Median Home Value
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Market
Properties on Market for Apartment buildings in Chicago
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Vintage Chicago construction with updated interiors near the Logan Square CTA Blue Line station.
Where is this apartment building located?
The property is located at 2801 W Logan Blvd Chicago, IL.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 14‑unit multifamily asset in Logan Square; Built in 1902 with classic Chicago vintage architecture; Renovated interiors
