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19-Unit Apartment Building
For Sale
Contact for pricing
Pending

6940 S Oglesby Ave, Chicago, IL 60649

Well-maintained property with upgraded major building systems and a varied mix of apartment layouts.

Property SizeContact for details
Days on Market145

Property Features for 6940 S Oglesby Ave

General Information

Standard status Pending
Property subtype Multifamily
Listing Agency: Kiser Group
Listed By: Aaron Sklar · License #IL 475161507
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 6:42PM

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 Kiser Group

Investment Insights

Based on property information with market context.

This 19-unit apartment property at 6940 S Oglesby Ave includes three 2bd/1ba apartments, thirteen 1bd/1ba apartments, and three studio units with 1ba configurations. Building improvements include a newer tear-off roof, newer porches, a newer boiler, upgraded electric service, and copper plumbing.

The property is in Chicago’s Jackson Park neighborhood, one block from Lake Michigan and the South Shore Cultural Center. It is also adjacent to Jackson Park and the Jackson Park Golf Course. Existing fixed-rate debt is subject to assumption through Freddie Mac.

Key Highlights

  • 19‑unit apartment building with three 2bd/1ba, thirteen 1bd/1ba, and three studio apartments
  • Newer tear‑off roof, porches, boiler, electric service, and copper plumbing
  • One block from Lake Michigan and the South Shore Cultural Center

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Building Supply Dental Office Computer & Electronic Repair Big Box & Wholesale Store Carpet & Flooring 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.

Location Intelligence

Trade Area within ½ mile

1,100
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 - Well-maintained property with upgraded major building systems and a varied mix of apartment layouts.
Where is this apartment building located?
The property is located at 6940 S Oglesby Ave Chicago, IL.
What are key features of this property?
This property features: 19‑unit apartment building with three 2bd/1ba, thirteen 1bd/1ba, and three studio apartments; Newer tear‑off roof, porches, boiler, electric service, and copper plumbing; One block from Lake Michigan and the South Shore Cultural Center
(773) 293-5032 Call to check price and availability
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