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Three-Unit Residential Income Property
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6505 S Peoria Street, Chicago, IL 60621

Vacant three-unit building sold as-is, with reported new plumbing and unit mix ranging from two to three bedrooms.

Days on Market13

Property Features for 6505 S Peoria Street

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 3

Building Details

Year Built 1905
Tenancy Multi
Listing Agency: Real Broker, LLC
Listed By: Leslie Castro · License #471021516
Source: Crexi
Added: Jul 22 Changed: Jul 28 Last Checked: Aug 2 at 4:44PM

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 Real Broker, LLC

Investment Insights

Based on property information with market context.

This is a vacant, three-unit residential income property being sold as-is. The report notes new plumbing for the building. The unit mix consists of Unit 1 with three bedrooms and one bath, Unit 2 with two bedrooms and one bath, and Unit 3 with three bedrooms and one bath.

The property is described as being within walking distance to transportation and shopping, including a Starbucks.

As presented, the asset is a legal three-unit structure and is offered to investors looking for a renovation/turnaround opportunity, with no zoning issues indicated in the remarks.

Key Highlights

  • Vacant legal 3‑unit building sold as‑is
  • Reported new plumbing
  • Year built: 1905

Property Analytics

Current Use

Immortel International Business ... Restaurant

Suggested Use

Top Pick Law Firm Real Estate Agency Electrical Service Gym & Fitness Center Skin Care Clinic 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.

Lease Details

3
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

911
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
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Vacant three-unit building sold as-is, with reported new plumbing and unit mix ranging from two to three bedrooms.
Where is this triplex located?
The property is located at 6505 S Peoria Street Chicago, IL.
What is the asking price?
The asking price for this property is $284,900.
What are key features of this property?
This property features: Vacant legal 3‑unit building sold as‑is; Reported new plumbing; Year built: 1905
(630) 439-6385 Call to check price and availability
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