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24-Unit Multifamily Rehab Opportunity
For Sale
$200,000

7156 S Vincennes Avenue, Chicago, IL 60621

MULTI_FAMILY - Chicago, IL

Days on Market234

Property Features for 7156 S Vincennes Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 12
Bathrooms 24
Full bathrooms 24
Rooms Bathroom 24, Bathroom 22, Bedroom 3, Bathroom 21, Bathroom 3, Bathroom 12, Bathroom 2, Bedroom 7, Bedroom 6, Bathroom 14, Bathroom 1, Bathroom 13, Bathroom 16, Bathroom 6, Bathroom 7, Bathroom 5, Bathroom 19, Bedroom 8, Bathroom 17, Bathroom 9, Bathroom 20, Bedroom 2, Bedroom 11, Bedroom 4, Bedroom 5, Bathroom 10, Bedroom 10, Bedroom 9, Bedroom 12, Bathroom 4, Bathroom 23, Bathroom 11, Bathroom 8, Bathroom 15, Bathroom 18, Bedroom 1
Directions South of 71st St and Vincennes Ave
Subdivision CHI - Greater Grand Crossing
Standard status Active
APN 20282040270000

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 20553

Building Details

Year built 1896
Floors in Building 3
Number of units 24
Listing Agency: Chicago Real Estate Resources
Listed By: Finley Askin · License #471021038
Added: Dec 10, 2025 Changed: Jul 28 Last Checked: Aug 1 at 7:06AM
MLS# 12530968

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This is a 24-unit multifamily building located in the Greater Grand Crossing neighborhood on Chicago's south side. The unit mix includes twelve 1-bedroom, 1-bath units and twelve studio units. The building is currently vacant and requires a complete gut rehabilitation. The property is located in a qualified opportunity zone.

Key Highlights

  • 24‑unit multifamily building in Chicago’s Greater Grand Crossing (south side).
  • Unit mix: 12 one‑bedroom, 1‑bath units plus 12 studio units.
  • Building is currently vacant and in need of a complete gut rehab.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Skin Care Clinic Gym & Fitness Center (Bike/Boat/Book/etc) 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.

Lease Details

24
Residential units

Location Intelligence

Trade Area within ½ mile

855
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
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - 24-unit multifamily building in Chicago's Greater Grand Crossing.
Where is this apartment building located?
The property is located at 7156 S Vincennes Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 24‑unit multifamily building in Chicago’s Greater Grand Crossing (south side).; Unit mix: 12 one‑bedroom, 1‑bath units plus 12 studio units.; Building is currently vacant and in need of a complete gut rehab.
More about this property
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