7-Unit Apartment
For Sale
$699,000
4537 W Congress Parkway, Chicago, IL 60624
Renovated apartments with updated kitchens, new windows, individual furnaces, and separate garages providing four parking spaces.
Property SizeContact for details
Days on Market112
Property Features for 4537 W Congress Parkway
General Information
Standard status
Active
Total Parking Spaces
4
Property subtype
Commercial
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
7 x 2BR/1BA
Multifamily Units
7
Taxes and HOA fees
Annual Taxes
$13,134
Building Details
Year Built
1900
Buildings
1
Stories
3
Units
7
Listing Agency:
Pearson Realty Group
(773) 325-2800
Listed By:
David McLennan · License #475165323
(773) 325-2800
Source:
Midwestrealestate
Added: May 12
Changed: Aug 30
Last Checked: Aug 30 at 5:48PM
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 Pearson Realty Group
Investment Insights
Based on property information with market context.
This 7-unit apartment building contains six legal apartments plus a nonconforming garden unit. Each residence offers two bedrooms and one bathroom. The apartments were renovated several years ago and feature updated kitchens, while all windows throughout the property were replaced in 2023. Copper service enters each unit, and every apartment has its own gas forced-air furnace and electric hot water tank. Tenants pay their own gas and electricity. The center-entry building has wide stairways and naturally bright landings; these common areas were refinished and repainted. The roof received repairs as needed in 2023.
The property is located on W Congress Parkway in Chicago’s West Garfield Park neighborhood, between the West Loop and Oak Park. The Eisenhower Expressway and a Green Line station are a few blocks away, and downtown Chicago is 6 miles from the building. Two detached garages provide four parking spaces. The garages are currently unrented and offer additional income potential. The six legal units are fully leased, while the garden unit is occupied by the owner’s contractor.
The property is located on W Congress Parkway in Chicago’s West Garfield Park neighborhood, between the West Loop and Oak Park. The Eisenhower Expressway and a Green Line station are a few blocks away, and downtown Chicago is 6 miles from the building. Two detached garages provide four parking spaces. The garages are currently unrented and offer additional income potential. The six legal units are fully leased, while the garden unit is occupied by the owner’s contractor.
Key Highlights
- 7 units total: 6 legal apartments plus 1 nonconforming garden unit
- All units offer 2 beds/1 bath; the 6 legal units are fully leased
- All new windows throughout in 2023; roof repairs completed as needed in 2023
Property Analytics
Current Use
Lease Details
7
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
902
Businesses Nearby
Explore this area
Business Placement
Demographics for 60624, IL
37,547
Population
16,250
Households
2.3
Avg Household Size
34
Median Age
13%
College-Educated
77%
High-School Grad
3.5 sq mi
ZIP Area
10,728
Density / Sq Mi
$32,607
Median Household Income
$30,924
Median Earnings
$1,152
Median Rent
$223,200
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 - Renovated apartments with updated kitchens, new windows, individual furnaces, and separate garages providing four parking spaces.
Where is this apartment building located?
The property is located at 4537 W Congress Parkway Chicago, IL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 7 units total: 6 legal apartments plus 1 nonconforming garden unit; All units offer 2 beds/1 bath; the 6 legal units are fully leased; All new windows throughout in 2023; roof repairs completed as needed in 2023
