Senior Housing Apartment
For Sale
Contact for pricing
525 North Austin Boulevard, Chicago, IL 60644
Six-story, 57-unit subsidized senior building with studio-heavy mix, elevator, and on-site laundry near I-290 and the CTA Green Line.
Property Size26,035 SF
Days on Market111
Property Features for 525 North Austin Boulevard
General Information
Standard status
Active
Size
26,035 SF
Property subtype
Multifamily
Building Details
Building Size
26,035 SF
Listing Agency:
Frontline Real Estate Partners, LLC
(847) 542-9058
Listed By:
Matthew Tarshis · License #475156642
(847) 542-9058
Source:
Frontlinerepartners
Added: May 9
Changed: Aug 26
Last Checked: Aug 13 at 4:56AM
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 Frontline Real Estate Partners, LLC
Investment Insights
Based on property information with market context.
Crestwood Apartments is a six-story subsidized senior living apartment building constructed in 1930. The property contains 57 units, with a studio-heavy mix that includes 40 studio units, 16 one-bedroom units, and one two-bedroom unit. Reported occupancy is 89%, and the building includes 19 parking spaces, an elevator, and on-site laundry.
With all but one unit subsidized through the CHA, Crestwood offers a largely subsidy-supported residency base. The property is located just over one mile north of Interstate 290 (I-290) and only a couple blocks north of the Austin CTA “L” Station (Green Line), providing convenient connectivity across Chicago.
Crestwood is also situated near a broad mix of national and local retail, including several grocery, pharmacy, fitness, and dining options, which can support everyday resident convenience within the surrounding area.
With all but one unit subsidized through the CHA, Crestwood offers a largely subsidy-supported residency base. The property is located just over one mile north of Interstate 290 (I-290) and only a couple blocks north of the Austin CTA “L” Station (Green Line), providing convenient connectivity across Chicago.
Crestwood is also situated near a broad mix of national and local retail, including several grocery, pharmacy, fitness, and dining options, which can support everyday resident convenience within the surrounding area.
Key Highlights
- 6‑story, 57‑unit subsidized senior apartment building constructed in 1930 on 0.34 acres
- Unit mix includes 40 studios, 16 1‑bedroom units, and 1 2‑bedroom unit
- 89% occupied with 19 parking spaces, elevator, and on‑site laundry
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,673
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Six-story, 57-unit subsidized senior building with studio-heavy mix, elevator, and on-site laundry near I-290 and the CTA Green Line.
Where is this apartment building located?
The property is located at 525 North Austin Boulevard Chicago, IL.
What are key features of this property?
This property features: 6‑story, 57‑unit subsidized senior apartment building constructed in 1930 on 0.34 acres; Unit mix includes 40 studios, 16 1‑bedroom units, and 1 2‑bedroom unit; 89% occupied with 19 parking spaces, elevator, and on‑site laundry
