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Six-Unit Brick Apartment Building

2827 W 22nd Place, Chicago, IL 60623

For Sale
$339,900
Pending

Three-story property with six two-bedroom, one-bath apartments and dedicated rear parking.

Property SizeContact for details
Days on Market102

Property Features for 2827 W 22nd Place

General Information

Standard status Pending
Property subtype MULTI_FAMILY

Site & Location

Neighborhood South Lawndale
Highway Access Yes
Public Transit Yes

Units

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

Taxes and HOA fees

Annual Taxes $8,036

Building Details

Year Built 1888
Buildings 1
Stories 3
Construction brick
Listing Agency: Area Wide Realty
Listed By: Michael Olszewski · License #471011979
Source: Dawnmckennagroup
Added: Jul 29 Changed: Nov 7 Last Checked: Nov 6 at 4:44PM

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 Area Wide Realty

Rey
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Investment Insights

Based on property information with market context.

This three-story brick apartment property contains six residential units, with each apartment offering two bedrooms and one bathroom. Dedicated exterior parking is located at the rear of the building. Constructed in 1888, the property is being offered in its current condition and presents a scope for cosmetic improvements or a more comprehensive rehabilitation.

The property is located at 2827 W 22nd Place in Chicago’s South Lawndale area. The building is offered as-is, making its existing unit count, apartment configuration, brick construction, and parking arrangement the primary physical characteristics for review.

Key Highlights

  • Six apartment units, each with 2BR/1BA configuration
  • Three‑story brick apartment building
  • Dedicated exterior rear parking

Property Analytics

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Lease Details

6
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,671
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

Properties on Market for Apartment buildings in Chicago

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Three-story property with six two-bedroom, one-bath apartments and dedicated rear parking.
Where is this apartment building located?
The property is located at 2827 W 22nd Place Chicago, IL.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Six apartment units, each with 2BR/1BA configuration; Three‑story brick apartment building; Dedicated exterior rear parking
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