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Multifamily Income Property
For Sale
$150,000
Pending

541 W Root Street, Chicago, IL 60609

MULTI_FAMILY - Chicago, IL

Days on Market50

Property Features for 541 W Root Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 6
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 5, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 1, Bedroom 6
Basement Crawl Space
Subdivision Canaryville
Elementary school district 299
Middle school district 299
High school district 299
Directions North on S Wallace St. East on Root. Property on right
Standard status Pending
APN 20041210120000

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 3625

Utilities

Sewer type Public Sewer
Heating system Electric (Heating)
Water source Public

Building Details

Year built 1878
Building materials Brick
Listing Agency: eXp Realty
Listed By: Randi Quigley · License #475164758
Added: Jun 15 Changed: Aug 2 Last Checked: Aug 3 at 3:06AM
MLS# 12673537

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This for-sale multifamily income property is located at 541 W Root Street in Chicago, Illinois 60609. The property is classified as Other multifamily/Residential income within the listing and is designated under zoning identified as MULTI.

The listing does not provide unit mix, square footage, or additional improvements details. Interested parties should confirm property specifics, condition, and any relevant operating history directly with the broker or seller.

Key Highlights

  • Brick construction home built in 1878
  • Public water and public sewer
  • Electric heating

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Florist Pet Grooming Service Skin Care Clinic Locksmith Acupuncture

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

558
Businesses Nearby

Demographics for 60609, IL

65,770
Population
26,122
Households
2.5
Avg Household Size
34
Median Age
20%
College-Educated
76%
High-School Grad
7.7 sq mi
ZIP Area
8,542
Density / Sq Mi
$54,142
Median Household Income
$37,694
Median Earnings
$1,070
Median Rent
$251,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Multifamily property - Multifamily property for sale in Chicago, zoned MULTI.
Where is this multifamily property located?
The property is located at 541 W Root Street Chicago, IL.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Brick construction home built in 1878; Public water and public sewer; Electric heating
More about this property
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