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29-Unit Multifamily Apartment Building

6811 South Paxton Avenue, Chicago, IL 60649

For Sale
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A 29-unit multifamily building on Paxton Avenue, currently 100% vacant and offered via competitive auction.

Property Size29,050 SF
Days on Market159

Property Features for 6811 South Paxton Avenue

General Information

Standard status Active
Size 29,050 SF
Property subtype Multifamily

Site & Location

Neighborhood South Shore
Highway Access Yes

Additional Details

Multifamily Units 29

Building Details

Building Size 29,050 SF
Year Built 1929
Tenancy Multi
Listing Agency: SVN | Chicago - Corporate
Listed By: Joe Connelly
Source: Svn
Added: Jun 2 Changed: Nov 5 Last Checked: Nov 6 at 7:57AM

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 SVN | Chicago - Corporate

Rey
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Investment Insights

Based on property information with market context.

6811 S. Paxton Avenue is a 29-unit multifamily apartment building located on the east side of Paxton Avenue between 68th and 69th Streets. The property is offered via competitive auction and is currently 100% vacant, providing clear delivery for the next owner.

The asset is situated in Chicago’s South Shore neighborhood, approximately 10 miles south of downtown Chicago. The location offers access to commuter routes via Lake Shore Drive and proximity to the Chatham/79th Metra Station, with I-90 also nearby. The immediate community is supported by essential retail including Save-A-Lot, Family Dollar, Dollar General, McDonald’s, Subway, and Little Caesars Pizza.

Key Highlights

  • 29‑unit multifamily apartment building at 6811 S. Paxton Avenue, built in 1929
  • Located on the east side of Paxton Avenue between 68th and 69th Streets in Chicago’s South Shore neighborhood
  • Property is 100% vacant and is being offered via competitive auction

Property Analytics

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Lease Details

29
Residential units
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,120
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Apartment buildings in Chicago

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - A 29-unit multifamily building on Paxton Avenue, currently 100% vacant and offered via competitive auction.
Where is this apartment building located?
The property is located at 6811 South Paxton Avenue Chicago, IL.
What are key features of this property?
This property features: 29‑unit multifamily apartment building at 6811 S. Paxton Avenue, built in 1929; Located on the east side of Paxton Avenue between 68th and 69th Streets in Chicago’s South Shore neighborhood; Property is 100% vacant and is being offered via competitive auction
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