24-Unit Apartment Buildings with
New
For Sale
$349,999
7200 S Vincennes Avenue, Chicago, IL 60621
Four masonry buildings include an interior courtyard and onsite manager’s office.
Property SizeContact for details
Days on Market2
Property Features for 7200 S Vincennes Avenue
General Information
Standard status
Active
Property subtype
Commercial
Zoning
MULTI
Units
Unit Mix
12 x 2BR/1BA, 12 x 1BR/1BA
Multifamily Units
24
Additional Details
Opportunity Zone
Yes
Taxes and HOA fees
Annual Taxes
$15,555
Amenities
onsite manager's office
interior community courtyard
protective canopies
secure entries
Building Details
Year Built
1914
Buildings
4
Stories
3
Units
24
Construction
masonry
Listing Agency:
United Realty and Development
(630) 396-8100
Listed By:
Anthony Khoshabe
(630) 396-8100
Source:
Ozmentrealestate
Added: Aug 11
Changed: Aug 12
Last Checked: Aug 12 at 2:45AM
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 United Realty and Development
Investment Insights
Based on property information with market context.
This multifamily property comprises four contiguous four-story masonry buildings with 24 existing units, including 12 two-bedroom/one-bath apartments and 12 one-bedroom/one-bath apartments. Each building contains six units, and the complex includes an onsite manager’s office, interior community courtyard, secure entries, and protective canopies. The buildings date to 1914 and are being sold as-is.
A complete architectural pricing set dated 04/24/2026 outlines a reconfiguration to 26 units through new basement apartments and selected upper-floor conversions. The scope also includes substantial building work, including masonry restoration, structural repairs, replacement windows and doors, complete MEP systems, and new interior finishes. The sale includes the contiguous vacant parcel south of the buildings, with plans for a 24-stall striped parking lot, storm water system, trash enclosure, landscaping, fencing, and a 12' remote sliding gate. The property is located at 7200-7206 S Vincennes Ave and 7203-7205 S Wentworth Ave in Chicago’s Vincennes Village and within a designated Qualified Opportunity Zone.
A complete architectural pricing set dated 04/24/2026 outlines a reconfiguration to 26 units through new basement apartments and selected upper-floor conversions. The scope also includes substantial building work, including masonry restoration, structural repairs, replacement windows and doors, complete MEP systems, and new interior finishes. The sale includes the contiguous vacant parcel south of the buildings, with plans for a 24-stall striped parking lot, storm water system, trash enclosure, landscaping, fencing, and a 12' remote sliding gate. The property is located at 7200-7206 S Vincennes Ave and 7203-7205 S Wentworth Ave in Chicago’s Vincennes Village and within a designated Qualified Opportunity Zone.
Key Highlights
- 24‑unit configuration with 12 two‑bedroom/one‑bath and 12 one‑bedroom/one‑bath apartments
- Four contiguous four‑story masonry buildings with six units per building
- Architectural pricing set dated 04/24/2026 outlines a 26‑unit reconfiguration
Property Analytics
Property Profile
Current Use
Lease Details
24
Residential units
Location Intelligence
Trade Area within ½ mile
800
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Four masonry buildings include an interior courtyard and onsite manager’s office.
Where is this apartment building located?
The property is located at 7200 S Vincennes Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $349,999.
What are key features of this property?
This property features: 24‑unit configuration with 12 two‑bedroom/one‑bath and 12 one‑bedroom/one‑bath apartments; Four contiguous four‑story masonry buildings with six units per building; Architectural pricing set dated 04/24/2026 outlines a 26‑unit reconfiguration
