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Six-Unit Apartment Building
For Sale
$449,000

60 East 138th Street, Riverdale, IL 60827

Recent roof, water-heater, and common-area improvements support the property’s ongoing rental operations.

Property SizeContact for details
Days on Market175

Property Features for 60 East 138th Street

General Information

Standard status Active
Property subtype Multi Family 5+ / Flats
Net Operating Income $28,000

Units

Unit Mix 6 x 1BR/1BA
Multifamily Units 6

Additional Details

Average Monthly Rent $800

Taxes and HOA fees

Annual Taxes $9,205

Building Details

Year Built 1961
Stories 3
Listing Agency: Fathom Realty IL LLC
Listed By: Philip Konovalchik · License #727560000
Source: Compass
Added: Mar 8 Changed: Aug 30 Last Checked: Aug 30 at 8:12AM

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 Fathom Realty IL LLC

Investment Insights

Based on property information with market context.

Built in 1961, this six-unit multifamily property contains six one-bedroom, one-bath residences, each with approximately 450 square feet of living area plus bathroom and storage space. The building has received several recent updates, including a roof replacement six years ago, a water-heater upgrade three years ago, and fresh paint in the common areas one year ago.

The property has recorded only one month of vacancy across all units over more than 40 years, reflecting a long history of occupancy. Located at 60 East 138th Street in Riverdale, Illinois, the asset offers an established apartment configuration with separately maintained common areas and rental units.

Key Highlights

  • Six‑unit multifamily building constructed in 1961
  • Six 1 bed/1 bath units with approximately 450 sq. ft. of living area plus bathroom and storage
  • Only one month of vacancy across all units during more than 40 years

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office HVAC Service Bakery 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

6
Residential units

Location Intelligence

Trade Area within ½ mile

325
Businesses Nearby

Demographics for 60827, IL

24,936
Population
11,481
Households
2.2
Avg Household Size
34
Median Age
15%
College-Educated
89%
High-School Grad
7.0 sq mi
ZIP Area
3,562
Density / Sq Mi
$37,648
Median Household Income
$31,611
Median Earnings
$1,044
Median Rent
$123,800
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 - Recent roof, water-heater, and common-area improvements support the property’s ongoing rental operations.
Where is this apartment building located?
The property is located at 60 East 138th Street Riverdale, IL.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Six‑unit multifamily building constructed in 1961; Six 1 bed/1 bath units with approximately 450 sq. ft. of living area plus bathroom and storage; Only one month of vacancy across all units during more than 40 years
More about this property
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