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Brick 6-Unit Apartment Building
For Sale
$1,260,000

460 West 28th Place, Chicago, IL 60616

Well-maintained building with modern updates and strong tenancy.

Days on Market118

Property Features for 460 West 28th Place

General Information

Standard status Active
Property subtype Multifamily

Building Details

Year Built 1899
Listing Agency: SVN | Chicago - Corporate
Listed By: Paul Cawthon · License #475130924
Source: Svnchicago
Added: Apr 7 Changed: Jul 10 Last Checked: Aug 2 at 4:58AM

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 SVN | Chicago - Corporate

Investment Insights

Based on property information with market context.

This well-maintained brick building features six units with a desirable mix of apartments. There are two 2-bedroom/2-bath apartments, two 2-bedroom/1-bath units, and two 1-bedroom/1-bath units. The property has apartment-quality updates throughout, including modern kitchens and baths, stainless steel appliances, and contemporary range hoods. Interiors are thoughtfully improved while maintaining operational efficiency, creating strong in-place tenancy and long-term rental stability. The building offers easy access to expressways and is a short walk to CTA Orange & Red Lines. Additional features include garage parking, on-site laundry, and HVAC in all units.

Key Highlights

  • Desirable unit mix featuring two 2‑bedroom/2‑bath, two 2‑bedroom/1‑bath, and two 1‑bedroom/1‑bath apartments.
  • Modern updates throughout, including kitchens, baths, stainless steel appliances, and contemporary range hoods.
  • Strong in‑place tenancy and long‑term rental stability.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Carpet & Flooring Store (Bike/Boat/Book/etc) Store Locksmith Butcher Pet Grooming Service Tanning Salon

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

1,479
Businesses Nearby

Demographics for 60616, IL

54,013
Population
26,912
Households
2
Avg Household Size
38
Median Age
53%
College-Educated
86%
High-School Grad
3.8 sq mi
ZIP Area
14,214
Density / Sq Mi
$77,841
Median Household Income
$53,415
Median Earnings
$1,329
Median Rent
$387,300
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 - Well-maintained building with modern updates and strong tenancy.
Where is this apartment building located?
The property is located at 460 West 28th Place Chicago, IL.
What is the asking price?
The asking price for this property is $1,260,000.
What are key features of this property?
This property features: Desirable unit mix featuring two 2‑bedroom/2‑bath, two 2‑bedroom/1‑bath, and two 1‑bedroom/1‑bath apartments.; Modern updates throughout, including kitchens, baths, stainless steel appliances, and contemporary range hoods.; Strong in‑place tenancy and long‑term rental stability.
More about this property
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