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Ten-Unit Apartment Building
For Sale
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7846 S Exchange Ave, Chicago, IL 60649

Ten 1-bedroom, 1-bath units with rear pad parking for four and a newer on-site laundry facility.

Property SizeContact for details
Days on Market122

Property Features for 7846 S Exchange Ave

General Information

Standard status Active
Total Parking Spaces 4
Property subtype Multifamily

Additional Details

Cap Rate 8.24%
Multifamily Units 10
Listing Agency: 33 Realty LLC
Listed By: Gene Hart · License #IL 475.149185
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 20 at 7:53PM

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 33 Realty LLC

Investment Insights

Based on property information with market context.

This California-style ten-unit multifamily property includes ten 1-bedroom, 1-bath apartments. The building offers rear pad parking for four vehicles and features common baseboard boiler heat and common hot water. A newer laundry facility is also available on site.

Located in Chicago’s South Shore neighborhood, the property is presented for sale at 7846 S. Exchange Avenue.

The building’s current in-place capitalization rate is cited as 8.24%, with a prospective 12.91% cap rate upon rental stabilization.

Key Highlights

  • Ten‑unit multi‑family building in Chicago’s South Shore neighborhood
  • All units are 1‑bedroom, 1‑bath layouts (10 total)
  • Rear pad parking for four vehicles

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Building Supply Skin Care Clinic Pharmacy

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

10
Residential units

Location Intelligence

Trade Area within ½ mile

726
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 - Ten 1-bedroom, 1-bath units with rear pad parking for four and a newer on-site laundry facility.
Where is this apartment building located?
The property is located at 7846 S Exchange Ave Chicago, IL.
What are key features of this property?
This property features: Ten‑unit multi‑family building in Chicago’s South Shore neighborhood; All units are 1‑bedroom, 1‑bath layouts (10 total); Rear pad parking for four vehicles
(219) 465-8584 Call to check price and availability
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