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Brick 6-Unit Apartment Building
For Sale
$465,000

7317 S Union Ave, Chicago, IL 60621

Full-brick multifamily property with updated kitchens, hardwood floors, and stainless steel appliances in three units.

Property Size7,000 SF
Price / SF$66.43
Days on Market31

Property Features for 7317 S Union Ave

General Information

Standard status Active
Size 7,000 SF
Property subtype Multi-Family

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 3 x 2BR/1BA, 3 x 1BR/1BA
Multifamily Units 6

Building Details

Year Built 1916
Buildings 1
Construction full brick
Listing Agency: Century 21 Circle
Listed By: Mark Ahmad · License #471007186
Source: Saladinosells
Added: Jul 31 Changed: Aug 30 Last Checked: Aug 25 at 5:24AM

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 Century 21 Circle

Investment Insights

Based on property information with market context.

This 7,000-square-foot, full-brick apartment building was constructed in 1916 and contains six units. The north section has three two-bedroom, one-bath apartments, while the south section includes three one-bedroom, one-bath apartments. Each unit is equipped with an individual furnace and A/C, with one water tank serving each section. Three apartments feature updated kitchens, hardwood flooring, and stainless steel appliances.

The property also includes a full basement with a furnace and rough plumbing. The basement is described as having potential for two additional units, subject to applicable approvals. One south-side unit is occupied by a CAH tenant under a monthly lease of $1,010, with utilities paid by the landlord. The building is near CTA bus service, the 79th Street Red Line station, Gresham Metra Station, major roads, and Lake Shore Drive. Interior access requires advance buyer approval because the building is tenant occupied.

Key Highlights

  • 6‑unit full‑brick apartment building with 7,000 SF of building area
  • Three 2‑bedroom, 1‑bath units and three 1‑bedroom, 1‑bath units
  • Individual furnace and A/C systems in every unit

Property Analytics

Current Use

Apartment buildings

Suggested Use

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

6
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

749
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?
Apartment building - Full-brick multifamily property with updated kitchens, hardwood floors, and stainless steel appliances in three units.
Where is this apartment building located?
The property is located at 7317 S Union Ave Chicago, IL.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: 6‑unit full‑brick apartment building with 7,000 SF of building area; Three 2‑bedroom, 1‑bath units and three 1‑bedroom, 1‑bath units; Individual furnace and A/C systems in every unit
More about this property
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