24-Unit Apartment
For Sale
Contact for pricing
445 E 107th St, Chicago, IL 60628
Mid-century multifamily property with an all one-bedroom, one-bathroom unit mix and access to regional transportation.
Property SizeContact for details
Days on Market143
Property Features for 445 E 107th St
General Information
Standard status
Active
Property subtype
Multifamily
Net Operating Income
$114,103
Financials
Cap Rate
7.92%
Average Monthly Rent
$869
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
24 x 1BR/1BA
Multifamily Units
24
Building Details
Year Built
1963
Listing Agency:
KW Commercial Chicago - Lincoln Park
(773) 946-8816
Listed By:
Tony Hardy · License #IL 475.139834
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 5:38PM
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 KW Commercial Chicago - Lincoln Park
Investment Insights
Based on property information with market context.
This 24-unit apartment property was built in 1963 and contains an entirely consistent unit mix of one-bedroom, one-bathroom residences. The configuration provides a straightforward multifamily layout for ownership and management, while the mid-century construction date identifies the asset’s established physical profile.
The property is positioned fourteen miles south of Chicago’s Loop, with access to the Chicago Skyway and Lake Shore Drive. CTA bus service is available along 107th Street, and a Metra station at 107th Street expands public transportation options. Midway International Airport is fourteen miles northwest. Current performance is reported at a 7.92% cap rate, with a projected pro forma cap rate of 10.70%.
The property is positioned fourteen miles south of Chicago’s Loop, with access to the Chicago Skyway and Lake Shore Drive. CTA bus service is available along 107th Street, and a Metra station at 107th Street expands public transportation options. Midway International Airport is fourteen miles northwest. Current performance is reported at a 7.92% cap rate, with a projected pro forma cap rate of 10.70%.
Key Highlights
- 24‑unit apartment property with (24) one‑bedroom, one‑bathroom units
- Built in 1963
- Current cap rate of 7.92%
Property Analytics
Current Use
Lease Details
24
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
766
Businesses Nearby
Explore this area
Business Placement
Demographics for 60628, IL
62,832
Population
28,736
Households
2.2
Avg Household Size
41
Median Age
24%
College-Educated
87%
High-School Grad
11.0 sq mi
ZIP Area
5,712
Density / Sq Mi
$49,719
Median Household Income
$35,974
Median Earnings
$1,168
Median Rent
$158,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Mid-century multifamily property with an all one-bedroom, one-bathroom unit mix and access to regional transportation.
Where is this apartment building located?
The property is located at 445 E 107th St Chicago, IL.
What are key features of this property?
This property features: 24‑unit apartment property with (24) one‑bedroom, one‑bathroom units; Built in 1963; Current cap rate of 7.92%
