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Multifamily Building With Garden Unit
New
For Sale
$1,125,000

4723 S Vincennes Avenue, Chicago, IL 60615

Seven apartments include varied bedroom configurations and a leased non-conforming garden unit.

Property Size8,766 SF
Price / SF$128.34
Days on Market6

Property Features for 4723 S Vincennes Avenue

General Information

Standard status Active
Size 8,766 SF
Property subtype MULTI_FAMILY

Units

Unit Mix 3 x 2BR/1BA, 3 x 3BR+den/1BA, 1 x 2BR/1BA garden
Multifamily Units 7

Taxes and HOA fees

Annual Taxes $14,128

Building Details

Building Size 8,766 SF
Year Built 1900
Listing Agency: Essex 312, LLC
Listed By: Quinn Evans · License #475216885
Source: Harkinsandassociates
Added: Sep 16 Changed: Sep 19 Last Checked: Sep 21 at 8:32AM

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 Essex 312, LLC

Investment Insights

Based on property information with market context.

This 8,766-square-foot multifamily property, constructed in 1900, contains six primary apartments plus one non-conforming garden unit. The apartment mix includes three two-bedroom, one-bath units and three three-bedroom units with dens and one bath each. The garden apartment has two bedrooms and one bathroom and is currently leased.

Located in Chicago’s Bronzeville neighborhood, the property offers existing residential income from seven apartment units. The oversized layouts provide a basis for interior renovation and possible reconfiguration, including the potential addition of bathrooms, subject to applicable zoning, approvals, and city requirements. Condominium conversion may also be pursued subject to those requirements.

Key Highlights

  • Six primary apartments plus one non‑conforming garden unit
  • 8,766‑square‑foot multifamily property built in 1900
  • Three 2‑bedroom/1‑bathroom apartments

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Kitchen & Bath Showroom Building Supply Auto Parts Store Auto Repair Shop Carpet & Flooring 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

7
Residential units

Location Intelligence

Trade Area within ½ mile

1,847
Businesses Nearby

Demographics for 60615, IL

43,502
Population
24,997
Households
1.7
Avg Household Size
35
Median Age
61%
College-Educated
93%
High-School Grad
2.2 sq mi
ZIP Area
19,774
Density / Sq Mi
$62,105
Median Household Income
$47,186
Median Earnings
$1,444
Median Rent
$305,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Seven apartments include varied bedroom configurations and a leased non-conforming garden unit.
Where is this apartment building located?
The property is located at 4723 S Vincennes Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: Six primary apartments plus one non‑conforming garden unit; 8,766‑square‑foot multifamily property built in 1900; Three 2‑bedroom/1‑bathroom apartments
More about this property
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