Updated 18-Unit Apartment
For Sale
$1,150,000
6820 S Michigan Ave, Chicago, IL 60637
Well-maintained 18-unit multifamily property with updated kitchens and baths and strong transit access.
Days on Market60
Property Features for 6820 S Michigan Ave
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Cap Rate
10%
Multifamily Units
18
Building Details
Tenancy
Multi
Listing Agency:
(630) 209-3622
Listed By:
Noah Birk · License #ILLINOIS #475125864
(630) 209-3622
Source:
Kisergroup
Added: Jun 2
Changed: Jul 10
Last Checked: Jul 30 at 3:13AM
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 Noah Birk
Investment Insights
Based on property information with market context.
This 18-unit apartment building offers a balanced unit mix of fifteen 1-bedroom/1-bath homes, two 2-bedroom/1-bath units, and one studio. The property has been improved with updated kitchens and baths, supported by a modern Weil-McLain boiler. Overall, it presents as a practical, income-focused multifamily investment with a stated 10% cap rate.
Located on a quiet residential block in Chicago’s Greater Grand Crossing neighborhood, the building is within walking distance to multiple parks and schools. It also provides convenient access to the 69th Street Red Line station, giving residents reliable transportation options to downtown Chicago.
For prospective buyers and operators, the combination of unit variety and recent interior updates supports broad tenant appeal while helping reduce near-term upgrade concerns. The straightforward residential setting and transit connectivity make the property a solid fit for investors seeking an established, residentially oriented asset in a commuter-friendly location.
Located on a quiet residential block in Chicago’s Greater Grand Crossing neighborhood, the building is within walking distance to multiple parks and schools. It also provides convenient access to the 69th Street Red Line station, giving residents reliable transportation options to downtown Chicago.
For prospective buyers and operators, the combination of unit variety and recent interior updates supports broad tenant appeal while helping reduce near-term upgrade concerns. The straightforward residential setting and transit connectivity make the property a solid fit for investors seeking an established, residentially oriented asset in a commuter-friendly location.
Key Highlights
- 18‑unit multifamily building in Chicago’s Greater Grand Crossing neighborhood
- Unit mix: 15 one‑bedroom/one‑bath, 2 two‑bedroom/one‑bath, and 1 studio
- Updated kitchens and baths throughout the building
Property Analytics
Property Profile
Current Use
Lease Details
18
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
807
Businesses Nearby
Explore this area
Business Placement
Demographics for 60637, IL
53,555
Population
26,717
Households
2
Avg Household Size
31
Median Age
37%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
11,901
Density / Sq Mi
$42,080
Median Household Income
$33,227
Median Earnings
$1,170
Median Rent
$243,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained 18-unit multifamily property with updated kitchens and baths and strong transit access.
Where is this apartment building located?
The property is located at 6820 S Michigan Ave Chicago, IL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 18‑unit multifamily building in Chicago’s Greater Grand Crossing neighborhood; Unit mix: 15 one‑bedroom/one‑bath, 2 two‑bedroom/one‑bath, and 1 studio; Updated kitchens and baths throughout the building
