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Apartment Building with 20 Units
New
For Sale
$1,050,000

6751 S Chappel Avenue, Chicago, IL 60649

MULTI_FAMILY - Chicago, IL

Lot Size0.29 Acres
Days on Market4

Property Features for 6751 S Chappel Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 20
Bathrooms 20
Full bathrooms 20
Rooms Bedroom 4, Bathroom 20, Bathroom 4, Bathroom 1, Bathroom 2, Bathroom 10, Bathroom 7, Bathroom 19, Bathroom 11, Bathroom 16, Bedroom 16, Bedroom 13, Bedroom 20, Bedroom 10, Bathroom 5, Bathroom 3, Bathroom 8, Bathroom 9, Bedroom 18, Bathroom 15, Bedroom 6, Bedroom 11, Bedroom 19, Bathroom 14, Bedroom 2, Bedroom 8, Bedroom 7, Bedroom 9, Bathroom 18, Bedroom 14, Bedroom 17, Bedroom 15, Bedroom 3, Bedroom 5, Bathroom 12, Bathroom 17, Bathroom 6, Bedroom 1, Bedroom 12, Bathroom 13
Directions Lake Shore Dr South, Continue South on Jefferey, Left on 69th Street, Left on Chappel Ave.
Subdivision CHI - South Shore
Standard status Active
APN 20244010100000
Lot size 0.29 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 28718

Building Details

Year built 1916
Floors in Building 3
Number of units 20
Listing Agency: Area Wide Realty
Listed By: Michael Olszewski · License #471011979
Added: Jul 29 Changed: Aug 1 Last Checked: Aug 1 at 11:06PM
MLS# 12718543

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.

An apartment building with 20 residential units, each featuring one bedroom and one bathroom. The property is offered in AS IS condition. Built in 1916, the building sits on a 0.29-acre lot and is zoned MULTI.

Located at 6751 S Chappel Avenue in Chicago (60649), the property is described as being just steps from DuSable Lake Shore Drive. The surrounding area offers access to public transportation, shopping, parks, the South Shore Cultural Center, a nearby golf course, Rainbow Beach Park, and the Lake Michigan shoreline. The remarks also reference proximity to Metra and bus lines for travel to downtown Chicago and surrounding areas.

The sale terms include no surveys nor disclosures, with taxes prorated, and the listing notes the property is subject to prior offer cancellation.

Key Highlights

  • 20‑unit apartment building; all units described as one‑bedroom and one‑bath
  • 0.29‑acre lot
  • Zoned MULTI

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 - 20-unit apartment building with one-bedroom, one-bath units built in 1916, sold in AS IS condition.
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; all units described as one‑bedroom and one‑bath; 0.29‑acre lot; Zoned MULTI
More about this property
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