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11-Unit Apartment Property
For Sale
$680,000

351 E SPRUCE Street, Chatham, IL 62629

Two-bedroom apartments feature utility rooms with full-size washer and dryer hookups.

Property SizeContact for details
Days on Market164

Property Features for 351 E SPRUCE Street

General Information

Standard status Active
Property subtype Multi-Family

Units

Unit Mix 11 x 2BR/1BA
Multifamily Units 11

Amenities

utility room with washer/dryer hook-ups
Central Air
Electric
Shingle
Listing Agency: Keller Williams Capital
Listed By: Bill Kienzle · License #475
Source: Kw
Added: Mar 7 Changed: Aug 15 Last Checked: Aug 15 at 6:10AM

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 Keller Williams Capital

Investment Insights

Based on property information with market context.

This apartment property contains 11 units, with each apartment offering two bedrooms, one full bathroom, and approximately 1,000 square feet. Every unit includes a utility room equipped for a full-size washer and dryer. Interior features include central air and electric service.

New roofs were installed on each building in 2024. Bedroom windows in the older building were updated within the past 5 years. The property is located at 351 E Spruce Street in Chatham, Illinois.

Key Highlights

  • 11 total apartment units
  • Each apartment includes 2 bedrooms and 1 full bathroom
  • Approximately 1,000 square feet per apartment

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm HVAC Service Skin Care Clinic (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.

Lease Details

11
Residential units

Location Intelligence

Trade Area within ½ mile

400
Businesses Nearby

Demographics for 62629, IL

15,255
Population
6,160
Households
2.5
Avg Household Size
37
Median Age
50%
College-Educated
97%
High-School Grad
34.9 sq mi
ZIP Area
437
Density / Sq Mi
$106,373
Median Household Income
$60,951
Median Earnings
$1,159
Median Rent
$232,000
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 - Two-bedroom apartments feature utility rooms with full-size washer and dryer hookups.
Where is this apartment building located?
The property is located at 351 E SPRUCE Street Chatham, IL.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: 11 total apartment units; Each apartment includes 2 bedrooms and 1 full bathroom; Approximately 1,000 square feet per apartment
More about this property
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