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Renovated 7-Unit Apartment Building
For Sale
$999,000

4934-36 W Jackson Boulevard, Chicago, IL 60644

Seven renovated apartments feature separate utilities, updated interiors, and individual heating systems prepared for central air conditioning.

Property Size11,040 SF
Price / SF$90.49
Days on Market59

Property Features for 4934-36 W Jackson Boulevard

General Information

Standard status Active
Size 11,040 SF
Property subtype MULTI_FAMILY

Additional Details

Cap Rate 9.2%
Utilities to Site Yes
Multifamily Units 7

Taxes and HOA fees

Annual Taxes $11,685

Amenities

laundry

Building Details

Building Size 11,040 SF
Year Built 1916
Buildings 1
Listing Agency: Fulton Grace Realty
Listed By: Lawrence Dunning · License #475164126
Source: Harkinsandassociates
Added: Jun 11 Changed: Aug 2 Last Checked: Aug 8 at 9:23AM

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 Fulton Grace Realty

Investment Insights

Based on property information with market context.

This 7-unit apartment building contains 11,040 square feet and was constructed in 1916. Recent improvements include new electrical wiring, plumbing, drywall, insulation, hardwood flooring, kitchens, bathrooms, appliances, windows, LP siding, commercial-sized gutters, and downspouts. Each apartment has an individual forced-air heating system with an A coil ready for central AC, while enclosed porch areas provide additional space. Porches, roofing, and tuck-pointing have also been updated.

Laundry facilities offer an additional income source, and the property is reported at a 9.2 CAP Rate. A brick garage may accommodate 4+ cars and has new footings, roof, and supports. The building is located at 4934-36 W Jackson Boulevard in Chicago, near transportation and positioned between Downtown Chicago and Oak Park.

Key Highlights

  • 7‑unit apartment building with 11,040 square feet
  • 9.2 CAP Rate
  • Individual forced‑air heating systems with A coils ready for central AC

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office (Bike/Boat/Book/etc) Store Gym & Fitness Center Spa & Massage Center

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
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

952
Businesses Nearby

Demographics for 60644, IL

47,239
Population
20,619
Households
2.3
Avg Household Size
36
Median Age
11%
College-Educated
85%
High-School Grad
3.5 sq mi
ZIP Area
13,497
Density / Sq Mi
$37,952
Median Household Income
$31,304
Median Earnings
$1,096
Median Rent
$238,300
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 - Seven renovated apartments feature separate utilities, updated interiors, and individual heating systems prepared for central air conditioning.
Where is this apartment building located?
The property is located at 4934-36 W Jackson Boulevard Chicago, IL.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 7‑unit apartment building with 11,040 square feet; 9.2 CAP Rate; Individual forced‑air heating systems with A coils ready for central AC
More about this property
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