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Apartment Building with Gated Parking
For Sale
Contact for pricing

7517 S Coles Ave, Chicago, IL 60649

Multifamily property with varied unit configurations, on-site laundry, updated porches, and dedicated vehicle storage.

Property SizeContact for details
Lot Size0.48 Acres
Days on Market145

Property Features for 7517 S Coles Ave

General Information

Standard status Active
Total Parking Spaces 30
Lot size 0.48 Acres
Property subtype Multifamily

Additional Details

Public Transit Yes
Unit Mix 6 x Studio, 39 x 1BR/1BA, 2 x In-Law 1BR/1BA

Amenities

laundry facility
Listing Agency: AW Properties Global
Listed By: Jeffrey Baasch · License #IL 475107724
Source: Crexi
Added: Apr 10 Changed: Aug 31 Last Checked: Aug 29 at 8:23PM

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 AW Properties Global

Investment Insights

Based on property information with market context.

This apartment building includes 6 studio units, 39 one-bedroom, one-bath units, and 2 additional one-bedroom, one-bath in-law units. Residents have access to an on-site laundry room equipped with 2 key-card-operated washers and 2 dryers. Building systems include a Peerless boiler installed in 2002, 2 118-gallon hot water tanks, and 800 Amps of electric service. The porches were updated in 2011, while the roof is maintained and aluminum coated.

The property occupies a 100' x 210' lot in Chicago’s South Shore neighborhood, approximately two blocks from Lake Michigan and Rainbow Beach. South Shore Drive bus service is one block away. A gated parking area accommodates approximately 30 vehicles.

Key Highlights

  • Unit mix includes 6 studios, 39 one‑bedroom units, and 2 one‑bedroom in‑law units
  • 100' x 210' lot in Chicago’s South Shore neighborhood
  • Gated parking lot accommodates approximately 30 vehicles

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Building Supply (Bike/Boat/Book/etc) Store Tech Support Center Locksmith Electrical Service

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

857
Businesses Nearby

Demographics for 60649, IL

48,171
Population
28,249
Households
1.7
Avg Household Size
39
Median Age
25%
College-Educated
89%
High-School Grad
3.6 sq mi
ZIP Area
13,381
Density / Sq Mi
$40,142
Median Household Income
$36,474
Median Earnings
$1,066
Median Rent
$199,500
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 - Multifamily property with varied unit configurations, on-site laundry, updated porches, and dedicated vehicle storage.
Where is this apartment building located?
The property is located at 7517 S Coles Ave Chicago, IL.
What are key features of this property?
This property features: Unit mix includes 6 studios, 39 one‑bedroom units, and 2 one‑bedroom in‑law units; 100' x 210' lot in Chicago’s South Shore neighborhood; Gated parking lot accommodates approximately 30 vehicles
More about this property
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