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Corner-Lot Multifamily Property
New
For Sale
$89,000

501 W 103rd Street, Chicago, IL 60628

Multi-unit layout includes formal dining rooms, enclosed rear porch space, and a basement for storage or utility use.

Property SizeContact for details
Days on Market4

Property Features for 501 W 103rd Street

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Multi-Family

Site & Location

Highway Access Yes
Road Access Yes
Public Transit Yes

Amenities

enclosed rear porch
basement
Natural Gas
Forced Air
Asphalt

Building Details

Year Built 1888
Listing Agency: Trademarks & Associates
Listed By: Tamika Marks · License #471006293
Source: Kw
Added: Sep 6 Changed: Sep 7 Last Checked: Sep 8 at 10:34AM

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 Trademarks & Associates

Investment Insights

Based on property information with market context.

Built in 1888, this multifamily property offers a multi-unit configuration with three bedrooms and one bathroom in each unit. Formal dining rooms, full kitchens, an enclosed rear porch, and a basement provide a range of existing interior spaces. Natural gas and forced-air systems are among the listed interior features, while the exterior includes asphalt surfaces. The property requires updates, presenting a renovation-oriented opportunity.

Positioned on a corner lot at 501 W 103rd Street in Chicago’s Roseland area, the property includes a two-car garage and access to nearby parks, shopping, dining, schools, and public transportation. Palmer Park, retail along Michigan Avenue and 103rd Street, CTA and Metra connections, and regional routes including I-57 and I-94 are identified in the surrounding area.

Key Highlights

  • Built in 1888 with a multi‑unit configuration
  • Each unit includes 3 bedrooms and 1 bath
  • Formal dining rooms and full kitchens in each unit

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Kitchen & Bath Showroom Gym & Fitness Center Skin Care Clinic

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

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

511
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Multi-unit layout includes formal dining rooms, enclosed rear porch space, and a basement for storage or utility use.
Where is this multifamily property located?
The property is located at 501 W 103rd Street Chicago, IL.
What is the asking price?
The asking price for this property is $89,000.
What are key features of this property?
This property features: Built in 1888 with a multi‑unit configuration; Each unit includes 3 bedrooms and 1 bath; Formal dining rooms and full kitchens in each unit
More about this property
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