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20-Unit Apartment Building
For Sale
$1,050,000

6751 S Chappel Avenue, Chicago, IL 60649

Uniform one-bedroom, one-bath layouts provide a consistent residential configuration in Chicago’s South Shore neighborhood.

Property SizeContact for details
Days on Market13

Property Features for 6751 S Chappel Avenue

General Information

Standard status Active
Property subtype Commercial
Zoning MULTI

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 20 x 1BR/1BA
Multifamily Units 20

Taxes and HOA fees

Annual Taxes $28,718

Building Details

Year Built 1916
Buildings 1
Stories 3
Units 20
Listing Agency: Area Wide Realty
Listed By: Michael Olszewski · License #471011979
Source: Ozmentrealestate
Added: Jul 29 Changed: Aug 10 Last Checked: Aug 10 at 3:36AM

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 Area Wide Realty

Investment Insights

Based on property information with market context.

Built in 1916, this multifamily property contains 20 residential units, with each apartment configured as 1 bedroom and 1 bathroom. The building is being sold in AS IS condition and is zoned MULTI, offering a clearly defined apartment-building format for an investor or operator evaluating the asset.

The property is located at 6751 S Chappel Avenue in Chicago’s South Shore neighborhood, near DuSable Lake Shore Drive, Lake Michigan, Rainbow Beach Park, the South Shore Cultural Center, shopping, and golf. Public transportation options include Metra and bus lines, while nearby major thoroughfares provide access to downtown Chicago and surrounding areas.

Additional surrounding amenities include parks and the lakefront shoreline. The property’s unit count, consistent layouts, and established neighborhood setting define the offering.

Key Highlights

  • 20‑unit apartment building with 1 bedroom and 1 bathroom in every unit
  • Built in 1916 and zoned MULTI
  • Located at 6751 S Chappel Avenue, Chicago, IL 60649

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Building Supply Computer & Electronic Repair Storage Facility HVAC Service (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

20
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,496
Businesses Nearby

Demographics for 60649, IL

48,171
Population
28,249
Households
1.7
Avg Household Size
39
Median Age
25%
College-Educated
89%
High-School Grad
3.6 sq mi
ZIP Area
13,381
Density / Sq Mi
$40,142
Median Household Income
$36,474
Median Earnings
$1,066
Median Rent
$199,500
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 - Uniform one-bedroom, one-bath layouts provide a consistent residential configuration in Chicago’s South Shore neighborhood.
Where is this apartment building located?
The property is located at 6751 S Chappel Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 20‑unit apartment building with 1 bedroom and 1 bathroom in every unit; Built in 1916 and zoned MULTI; Located at 6751 S Chappel Avenue, Chicago, IL 60649
More about this property
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