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Renovated Vintage 4-Flat Apartment Building
For Sale
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32 S Menard Avenue, Chicago, IL 60644

Fully renovated 6-unit apartment building near Columbus Park.

Property SizeContact for details
Lot Size0.20 Acres
Days on Market161

Property Features for 32 S Menard Avenue

General Information

Standard status Active
Lot size 0.20 Acres
Property subtype Multifamily
Zoning RS-3

Building Details

Year Built 1918
Listing Agency: Vesta Preferred Llc
Listed By: Grigory Pekarsky · License #IL
Source: Crexi
Added: Mar 16 Changed: Aug 8 Last Checked: Jul 17 at 9:33AM

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 Vesta Preferred Llc

Investment Insights

Based on property information with market context.

This renovated vintage 4-flat, constructed in 1918, features six units, including two non-conforming units. The building has been fully renovated, preserving its original character. Each apartment features refinished dark hardwood floors, updated white woodwork, fresh paint, and new lighting. The kitchens are equipped with new cabinetry, granite countertops, farmhouse-style sinks, and stainless steel appliances. Bathrooms have updated flooring, tile surrounds, toilets, sinks, and faucets. Each unit includes tamper-resistant electrical updates, radiant heated floors in the primary bathroom, and a front-loading stackable washer and dryer. Additional amenities include 8x8 storage spaces and an outdoor grilling area. The building comprises two units with 4 bedrooms and 1.5 baths, two units with 5 bedrooms and 2 baths, one unit with 1 bedroom and 1 bath, and one unit with 2 bedrooms and 1 bath. Rear porches overlook the landscaped yard. A 4-car brick garage is included. Situated on an approximately 50' x 175' lot just north of Columbus Park, the property offers access to I-290, the Blue Line, and the Austin bus connection to the Green Line.

Key Highlights

  • Fully renovated units with refinished hardwood floors, updated kitchens and bathrooms, and new appliances.
  • High income‑producing property: $160k/year with a 14 cap rate.
  • Diverse unit mix: Includes 4, 5, 1, and 2‑bedroom units.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Carpet & Flooring Store Plumbing Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,207
Businesses Nearby

Demographics for 60644, IL

47,239
Population
20,619
Households
2.3
Avg Household Size
36
Median Age
11%
College-Educated
85%
High-School Grad
3.5 sq mi
ZIP Area
13,497
Density / Sq Mi
$37,952
Median Household Income
$31,304
Median Earnings
$1,096
Median Rent
$238,300
Median Home Value

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 renovated 6-unit apartment building near Columbus Park.
Where is this apartment building located?
The property is located at 32 S Menard Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Fully renovated units with refinished hardwood floors, updated kitchens and bathrooms, and new appliances.; High income‑producing property: $160k/year with a 14 cap rate.; Diverse unit mix: Includes 4, 5, 1, and 2‑bedroom units.
(773) 645-4455 Call to check price and availability
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