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10-Unit Courtyard Apartment Building
For Sale
Contact for pricing
Pending

8439 S Blackstone Ave, Chicago, IL 60619

Ten 1 bed/1 bath units arranged around a courtyard with hardwood floors and updated kitchens and baths.

Property Size7,736 SF
Days on Market321

Property Features for 8439 S Blackstone Ave

General Information

Standard status Pending
Size 7,736 SF
Property subtype Multifamily

Financials

Cap Rate 10.33%
Business Included Yes

Additional Details

Multifamily Units 10

Building Details

Year Built 1920
Units 10
Listing Agency: Kiser Group
Listed By: Aaron Sklar · License #IL 475161507
Source: Crexi
Added: Oct 21, 2025 Changed: Aug 8 Last Checked: Jul 24 at 5:53PM

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 Kiser Group

Investment Insights

Based on property information with market context.

This ten-unit courtyard apartment building at 8439 S. Blackstone Ave offers a total of 10 one-bedroom, one-bath apartments. Units feature open layouts with hardwood floors, separate living rooms, and substantial natural light. Building improvements referenced in the listing include newer porches, updated kitchens and baths, and additional masonry and tuckpointing work.

The property is located on a quiet, tree-lined street in Chicago’s Calumet Heights neighborhood. The remarks also note it is within walking distance to Grand Crossing Park and offers residents access to nearby schools, shopping centers, and transit options.

As presented, the building’s configuration centers on courtyard-style living, with all apartments being 1 bed/1 bath. Recent exterior and interior upgrades aim to support continued day-to-day occupancy and ongoing maintenance.

Key Highlights

  • Ten (10) unit courtyard apartment building in Chicago’s Calumet Heights, built in 1920
  • Unit mix: ten (10) 1 bed / 1 bath units arranged around a courtyard
  • Units feature hardwood floors, large separate living rooms, and an abundance of natural light

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Gym & Fitness Center HVAC Service Cafe & Coffee Shop Building Supply Skin Care Clinic

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
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

1,038
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 - Ten 1 bed/1 bath units arranged around a courtyard with hardwood floors and updated kitchens and baths.
Where is this apartment building located?
The property is located at 8439 S Blackstone Ave Chicago, IL.
What are key features of this property?
This property features: Ten (10) unit courtyard apartment building in Chicago’s Calumet Heights, built in 1920; Unit mix: ten (10) 1 bed / 1 bath units arranged around a courtyard; Units feature hardwood floors, large separate living rooms, and an abundance of natural light
(773) 293-5032 Call to check price and availability
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