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8-Unit Apartment Building
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7256 S Blackstone Ave, Chicago, IL 60619

Vacant multifamily property with renovated building systems, individual furnaces, and a fully finished basement.

Property SizeContact for details
Days on Market133

Property Features for 7256 S Blackstone Ave

General Information

Standard status Active
Property subtype Multifamily
Investment Type Owner/User

Building Details

Units 8
Listing Agency: Chicago Real Estate Resources
Listed By: Finley Askin · License #471021038
Source: Crexi
Added: Apr 21 Changed: Aug 29 Last Checked: Aug 29 at 3:03PM

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 Chicago Real Estate Resources

Investment Insights

Based on property information with market context.

This eight-unit apartment building in Chicago’s South Shore neighborhood contains eight two-bedroom, one-bathroom units. The property is currently vacant and was most recently used for dormitory-style transition housing; returning it to its original apartment use will require alterations. A gut rehabilitation completed 14 years ago included individual furnaces along with updated electrical and plumbing systems. The fully built-out basement provides additional finished space within the existing structure.

The property may accommodate two additional garden units, subject to the required alterations and approvals. Its established residential configuration and unit mix provide a clear framework for repositioning the building as an apartment asset.

Key Highlights

  • 8‑unit apartment building in Chicago’s South Shore neighborhood
  • Unit mix includes (8) 2 bedroom, 1 bathroom units
  • Vacant property requiring alterations back to its original apartment use

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Kitchen & Bath Showroom Cafe & Coffee Shop Acupuncture HVAC Service Tech Support 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

1,061
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

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 - Vacant multifamily property with renovated building systems, individual furnaces, and a fully finished basement.
Where is this apartment building located?
The property is located at 7256 S Blackstone Ave Chicago, IL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 8‑unit apartment building in Chicago’s South Shore neighborhood; Unit mix includes (8) 2 bedroom, 1 bathroom units; Vacant property requiring alterations back to its original apartment use
(773) 327-9300 Call to check price and availability
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