Five-Unit Apartment Building, Fully
6915 South Peoria Street Chicago, IL 60621
6915 South Peoria Street, Chicago, IL, 60621
$929,900
For Sale
$929,900
Newly renovated 5-unit multifamily with modern HVAC, tankless hot water, new appliances, and a new roof.
Property Size3,720 SF
Price / SF$249.97
Days on Market72
Property Features for 6915 South Peoria Street
General Information
- Standard status
- Active
- Size
- 3,720 SF
- Property subtype
- Multi Family 5+ / Flats
Building Details
- Year Built
- 1920
Listing agency
Chicago Real Estate Authority
(773) 968-1110
Listed by
Scott Siegel · License #471011328
(773) 968-1110
Source
Compass
Added: May 12 Updated: Jul 22 at 12:50PM Checked: Jul 22 at 12:50PM
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 Chicago Real Estate Authority
Investment Insights
Based on property information with market context.
6915 S Peoria St is a newly renovated 5-unit apartment building in Chicago’s Englewood neighborhood. The property underwent a full renovation during 2025 and 2026, including 5 new GFA/AC units, 2 new tankless hot water heaters, new appliances, and a new roof.
The unit mix is comprised of five large apartments: two 3-bedroom/2-bath units, two 4-bedroom/2-bath units, and one 5-bedroom/2-bath unit. The seller’s materials describe the projected cap rate as in-excess of 13%.
For everyday convenience and connectivity, the remarks note that Aldi and Whole Foods are about 3 and 4 minutes away, respectively, with the CTA Halsted Green Line stop approximately 2 minutes from the front door. The Eisenhower Expressway is described as a 4-minute drive to the south.
The unit mix is comprised of five large apartments: two 3-bedroom/2-bath units, two 4-bedroom/2-bath units, and one 5-bedroom/2-bath unit. The seller’s materials describe the projected cap rate as in-excess of 13%.
For everyday convenience and connectivity, the remarks note that Aldi and Whole Foods are about 3 and 4 minutes away, respectively, with the CTA Halsted Green Line stop approximately 2 minutes from the front door. The Eisenhower Expressway is described as a 4-minute drive to the south.
Key Highlights
- Newly renovated 5‑unit apartment building (5 huge units) built in 1920
- Full renovation completed in 2025–2026, including 5 new GFA/AC units
- 2 new tankless hot water heaters and new appliances
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $109.4k | $29.40 |
| − Vacancy | −$5.7k | −$1.53 |
| EGI | $103.7k | $27.87 |
| − OpEx | −$46.7k | −$12.54 |
| NOI | $57.0k | $15.33 |
3,720 SF · lease $29.40/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$814.6K
$712.8K – $950.4K
NOI $57,024 @ 7.0% cap · market cap 6.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.75M
$1.53M – $2.05M
NOI $122,778 @ 7.0% cap · market cap 13.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
The Wolf Team
Music Venue
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Newly renovated 5-unit multifamily with modern HVAC, tankless hot water, new appliances, and a new roof.
Where is this apartment building located?
The property is located at 6915 South Peoria Street Chicago, IL.
What is the asking price?
The asking price for this property is $929,900.
What are key features of this property?
This property features: Newly renovated 5‑unit apartment building (5 huge units) built in 1920; Full renovation completed in 2025–2026, including 5 new GFA/AC units; 2 new tankless hot water heaters and new appliances
