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New Construction Multifamily Property
For Sale
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Pending

643 E 50th St, Chicago, IL 60615

Newly built three-bedroom units offer private mechanical systems, in-unit laundry, and upgraded kitchen and bath finishes.

Property SizeContact for details
Days on Market147

Property Features for 643 E 50th St

General Information

Standard status Pending
Property subtype Multifamily
Listing Agency: Compass
Listed By: Wilfredo Aguilar Jr · License #IL
Source: Crexi
Added: Apr 11 Changed: Sep 2 Last Checked: Sep 2 at 8:37AM

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 Compass

Investment Insights

Based on property information with market context.

This multifamily property at 643 E 50th St includes newly constructed three-bedroom, two-bath units designed with separate mechanical systems. Electricity, heat, and cooking gas are separately metered, while each unit has its own high-efficiency hot water tank and in-unit circuit breaker panel. Laundry is provided within each residence.

Interior finishes include oak hardwood floors, shaker-style kitchen and bath cabinetry, quartz countertops, selected backsplash materials, stainless steel appliances, and substantial storage. Primary bedrooms are configured as en-suites with dual vanities and oversized glass-enclosed showers. Additional bedrooms connect directly to hallway bathrooms, and the top floor features vaulted 12 Ft ceilings with exposed beams.

The property is located one block from Washington Park, east of MLK, with access to area amenities and a short commute to the University of Chicago and the lake.

Key Highlights

  • New construction multifamily property at 643 E 50th St
  • Three‑bedroom, two‑bath units with separately metered electricity, heat, and cooking gas
  • Each unit includes independent high‑efficiency hot water and an in‑unit circuit breaker panel

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm Kitchen & Bath Showroom HVAC Service Building Supply Auto Parts Store Bakery

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

1,624
Businesses Nearby

Demographics for 60615, IL

43,502
Population
24,997
Households
1.7
Avg Household Size
35
Median Age
61%
College-Educated
93%
High-School Grad
2.2 sq mi
ZIP Area
19,774
Density / Sq Mi
$62,105
Median Household Income
$47,186
Median Earnings
$1,444
Median Rent
$305,200
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 - Newly built three-bedroom units offer private mechanical systems, in-unit laundry, and upgraded kitchen and bath finishes.
Where is this multifamily property located?
The property is located at 643 E 50th St Chicago, IL.
What are key features of this property?
This property features: New construction multifamily property at 643 E 50th St; Three‑bedroom, two‑bath units with separately metered electricity, heat, and cooking gas; Each unit includes independent high‑efficiency hot water and an in‑unit circuit breaker panel
(312) 719-1221 Call to check price and availability
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