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Six-Unit Brick Apartment Building
For Sale
Under Contract
$450,000

5639 S Princeton Avenue, Chicago, IL 60621

Commercial Sale, Chicago, IL

Property SizeContact for details
Days on Market823

Property Features for 5639 S Princeton Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning COMMR
Bedrooms 18
Bathrooms 6
Full bathrooms 6
Rooms Bathroom 6, Bathroom 4, Bedroom 13, Bedroom 9, Bedroom 11, Bedroom 14, Bathroom 5, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 16, Bedroom 5, Bedroom 2, Bedroom 15, Bedroom 8, Bedroom 1, Bedroom 7, Bedroom 6, Bathroom 3, Bedroom 10, Bedroom 18, Bedroom 3, Bedroom 17, Bedroom 12
Directions From Garfield, south on Princeton to address
Subdivision CHI - Englewood
Standard status Active Under Contract
APN 20162020330000

Taxes and HOA fees

Tax Year 2022
Tax Annual Amount 1109

Building Details

Year built 1907
Floors in Building 3
Number of units 6
Listing Agency: Hunter's Realty, Inc.
Listed By: Kaela Clay · License #475190154
Added: May 24, 2024 Changed: Aug 20 Last Checked: Aug 24 at 4:06PM
MLS# 12064508

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 1907 brick apartment property contains six three-bedroom, one-bath residences. Each apartment has individual heating, while the kitchens and bathrooms have been updated. The building has been maintained and is offered in its current condition.

Located at 5639 S Princeton Avenue in Chicago’s Englewood community, the property provides access to the Dan Ryan. The asset carries COMMR zoning and is reported at a 12% cap rate. Existing rents are identified as below market, and the property may suit an investor or owner occupant seeking a multifamily building with established apartment layouts.

Key Highlights

  • Six apartments, each configured with 3 bedrooms and 1 bathroom
  • Brick construction dating to 1907
  • Individual heating serving each apartment

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Kitchen & Bath Showroom Bakery Building Supply Cafe & Coffee Shop (Bike/Boat/Book/etc) 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

6
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

543
Businesses Nearby

Demographics for 60621, IL

29,570
Population
15,348
Households
1.9
Avg Household Size
36
Median Age
12%
College-Educated
78%
High-School Grad
3.8 sq mi
ZIP Area
7,782
Density / Sq Mi
$33,235
Median Household Income
$29,961
Median Earnings
$1,017
Median Rent
$161,900
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 - Updated kitchens and bathrooms complement individually heated apartments.
Where is this apartment building located?
The property is located at 5639 S Princeton Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Six apartments, each configured with 3 bedrooms and 1 bathroom; Brick construction dating to 1907; Individual heating serving each apartment
More about this property
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