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Turnkey Greystone Apartment Building

3516 W 13th Place, Chicago, IL 60623

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For Sale

$725,000

Renovated 6-unit building facing park, strong income potential.

Type:Commercial

HighLights

9‑cap rate with clear upside in rents, offering a strong return on investment.
Turnkey 6‑unit greystone, fully gut renovated three years ago, minimizing immediate capital expenditures.
Prime location directly facing a public park, providing unobstructed views and immediate access to green space.
New electrical, plumbing, HVAC, and roof, ensuring modern functionality and reduced maintenance costs.
Updated kitchens with stainless steel appliances and renovated baths appealing to tenants.
Located in a rapidly improving submarket, indicating strong growth potential.

We can help!

Listing Contact

JOHN WARREN

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For Sale

$725,000

Renovated 6-unit building facing park, strong income potential.

Type:Commercial

Added:: Apr 1, 2026
Days on Market:: 71
Last Refresh:: Apr 1 at 8:10 pm

Property Features for 3516 W 13th Place

General Information

Standard status: Active
Property subtype: Commercial

Building Details

Year Built: 1905

We can help!

Listing Contact

JOHN WARREN

Listing agent JOHN WARREN

Listing office FORTE PROPERTIES, INC.

Listing date Apr 1, 2026

Source Corcoran

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 FORTE PROPERTIES, INC.

HighLights

9‑cap rate with clear upside in rents, offering a strong return on investment.
Turnkey 6‑unit greystone, fully gut renovated three years ago, minimizing immediate capital expenditures.
Prime location directly facing a public park, providing unobstructed views and immediate access to green space.
New electrical, plumbing, HVAC, and roof, ensuring modern functionality and reduced maintenance costs.
Updated kitchens with stainless steel appliances and renovated baths appealing to tenants.
Located in a rapidly improving submarket, indicating strong growth potential.

Overview

This is a 6-unit greystone building located in North Lawndale, directly facing a public park. The building was fully gut renovated three years ago, including new electrical, plumbing, HVAC, and roof systems. The renovations also included modern finishes throughout. Each unit features updated kitchens with laminate countertops and stainless steel appliances, renovated bathrooms, and new flooring. The location provides tenants with unobstructed park views and immediate access to green space and recreational amenities. Convenient access to public transportation and neighborhood conveniences is also available. The property offers a 9-cap rate with potential for increased rents.

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Local Demand

City: Chicago
County: Cook
State: Illinois
Longitude: -87.7135983
Latitude: 41.8644047

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For sale
Apartment buildings
IL
Chicago
60623
3516 W 13th Place

What type of property is this?

Apartment building - Renovated 6-unit building facing park, strong income potential.

Where is this apartment building located?

The property is located at 3516 W 13th Place Chicago, IL.

What is the asking price?

The asking price for this property is $725,000.

What are key features of this property?

This property features: 9‑cap rate with clear upside in rents, offering a strong return on investment.; Turnkey 6‑unit greystone, fully gut renovated three years ago, minimizing immediate capital expenditures.; Prime location directly facing a public park, providing unobstructed views and immediate access to green space.