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Fire-Damaged Multifamily Property
For Sale
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7141 S Princeton Ave, Chicago, IL 60621

Frame multi-unit property requiring fire-related repairs and resolution of existing building violations.

Property SizeContact for details
Days on Market11

Property Features for 7141 S Princeton Ave

General Information

Standard status Active
Property subtype Residential Income

Property Condition

Severity Major Repairs Needed
Evidence extensive fire damages

Taxes and HOA fees

Annual Taxes $5,500

Building Details

Construction frame
Listing Agency: Parkvue Realty Corporation
Listed By: Anthony Disano · License #471010606
Source: Exprealty
Added: Aug 26 Changed: Sep 3 Last Checked: Sep 4 at 2:36PM

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 Parkvue Realty Corporation

Investment Insights

Based on property information with market context.

This frame multifamily property is offered in its current as-is condition following extensive fire damage. The asset is a multi-unit property, and no survey is included.

The sale is subject to all reported violations and building cases associated with the property at 7141 S Princeton Ave in Chicago, Illinois.

Key Highlights

  • Extensive fire damage; conveyed in as‑is condition
  • Frame construction with multiple units
  • Sale is subject to all violations and building cases

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Spa & Massage Center Skin Care Clinic Gym & Fitness Center

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

769
Businesses Nearby

Demographics for 60621, IL

29,570
Population
15,348
Households
1.9
Avg Household Size
36
Median Age
12%
College-Educated
78%
High-School Grad
3.8 sq mi
ZIP Area
7,782
Density / Sq Mi
$33,235
Median Household Income
$29,961
Median Earnings
$1,017
Median Rent
$161,900
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?
Multifamily property - Frame multi-unit property requiring fire-related repairs and resolution of existing building violations.
Where is this multifamily property located?
The property is located at 7141 S Princeton Ave Chicago, IL.
What are key features of this property?
This property features: Extensive fire damage; conveyed in as‑is condition; Frame construction with multiple units; Sale is subject to all violations and building cases
More about this property
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