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18-Unit Apartment Building
For Sale
$699,000

7546 South Peoria Street, Chicago, IL 60620

Vacant multifamily property requiring substantial renovation and offered in AS IS condition.

Property Size10,141 SF
Price / SF$68.93
Days on Market158

Property Features for 7546 South Peoria Street

General Information

Standard status Active
Size 10,141 SF
Property subtype Multi Family 5+ / Corridor-Interior Entrance
Zoning MULTI
Net Operating Income $146

Property Condition

Severity Major Repairs Needed
Evidence substantial renovation

Units

Unit Mix 15 x 2BR, 3 x 3BR
Multifamily Units 18

Taxes and HOA fees

Annual Taxes $26,902

Building Details

Year Built 1916
Stories 3
Listing Agency: Chicago Real Estate Resources
Listed By: Timothy Keenan · License #471018752
Source: Compass
Added: Mar 30 Changed: Aug 31 Last Checked: Aug 30 at 12:21PM

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 18-unit apartment building contains 10,141 square feet and was constructed in 1916. The unit mix includes 15 two-bedroom apartments and 3 three-bedroom apartments. The property is currently vacant and requires substantial renovation, with the sale offered in AS IS condition.

Located at 7546 South Peoria Street in Chicago, Illinois, the property carries MULTI zoning. Its existing apartment configuration and documented unit count provide a clear basis for evaluating the building’s physical scope and renovation requirements.

Key Highlights

  • 18‑unit apartment building with 10,141 square feet
  • Unit mix includes 15 two‑bedroom units and 3 three‑bedroom units
  • Currently vacant and in need of substantial renovation

Property Analytics

Current Use

Washington Construction Co Construction Company

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Skin Care Clinic Gym & Fitness Center (Bike/Boat/Book/etc) 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

18
Residential units

Location Intelligence

Trade Area within ½ mile

815
Businesses Nearby

Demographics for 60620, IL

66,514
Population
30,008
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
88%
High-School Grad
7.0 sq mi
ZIP Area
9,502
Density / Sq Mi
$48,805
Median Household Income
$36,285
Median Earnings
$1,093
Median Rent
$187,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Vacant multifamily property requiring substantial renovation and offered in AS IS condition.
Where is this apartment building located?
The property is located at 7546 South Peoria Street Chicago, IL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 18‑unit apartment building with 10,141 square feet; Unit mix includes 15 two‑bedroom units and 3 three‑bedroom units; Currently vacant and in need of substantial renovation
More about this property
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