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8-Unit Brick Apartment Building

7157 S Eberhart Avenue, Chicago, IL 60619

For Sale
$410,000

Apartments feature hardwood flooring, open layouts, and a mix of studio and multi-bedroom configurations.

Property SizeContact for details
Days on Market898

Property Features for 7157 S Eberhart Avenue

General Information

Standard status Active
Property subtype Commercial

Site & Location

Neighborhood Park Manor
Highway Access Yes
Public Transit Yes

Units

Unit Mix 2 x 3BR/2BA, 2 x 2BR/1BA, 4 x studio/1BA
Multifamily Units 8

Additional Details

Cap Rate 9.7%
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $1,769

Building Details

Year Built 1927
Stories 2
Units 8
Construction brick
Listing Agency: Hunter's Realty, Inc.
Listed By: Kaela Clay · License #475190154
Source: Fishmangroup
Added: May 24, 2024 Changed: Oct 28 Last Checked: Nov 7 at 3:15AM

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 Hunter's Realty, Inc.

Rey
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Investment Insights

Based on property information with market context.

Built in 1927, this brick apartment property contains eight units, each with hardwood flooring and an open-style layout. The mix includes two 3-bedroom/2-bathroom apartments, two 2-bedroom/1-bathroom apartments, and four studio units. The property is being sold as-is, with a 9.7% in-place cap rate.

The building is in Chicago’s Grand Crossing neighborhood. A bus stop at 71st and Eberhart is less than a block away, and the 69th train stop is several blocks from the property. I-94 and I-90 are also nearby.

Key Highlights

  • Eight‑unit apartment building constructed in 1927
  • Unit mix: two 3Bd/2Ba apartments, two 2Bd/1Ba apartments, and four studios
  • Hardwood flooring and open‑style layouts throughout

Property Analytics

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Lease Details

8
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,123
Businesses Nearby

Demographics for 60619, IL

63,303
Population
33,547
Households
1.9
Avg Household Size
43
Median Age
27%
College-Educated
90%
High-School Grad
6.1 sq mi
ZIP Area
10,378
Density / Sq Mi
$43,403
Median Household Income
$35,672
Median Earnings
$1,054
Median Rent
$213,000
Median Home Value
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Market

Properties on Market for Apartment buildings in Chicago

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Apartments feature hardwood flooring, open layouts, and a mix of studio and multi-bedroom configurations.
Where is this apartment building located?
The property is located at 7157 S Eberhart Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Eight‑unit apartment building constructed in 1927; Unit mix: two 3Bd/2Ba apartments, two 2Bd/1Ba apartments, and four studios; Hardwood flooring and open‑style layouts throughout
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