Four-Parcel Multifamily
848-50 & 854-56 W Altgeld Chicago, IL 60614
For Sale
Contact for pricing
Pending
Two nearly identical apartment buildings totaling 16 one-bedroom units with 12 rear parking spaces on four RT-4-zoned lots.
Lot Size0.29 Acres
Days on Market104
Property Features for 848-50 & 854-56 W Altgeld
General Information
- Standard status
- Pending
- Lot size
- 0.29 Acres
- Property subtype
- Multifamily
Listing Agency:
Monarch Realty Partners
Listed By:
Michael Anguiano · License #IL 471016453
Source:
Crexi
Added: Apr 11
Changed: Jul 21
Last Checked: Jul 23 at 2:28PM
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 Monarch Realty Partners
Investment Insights
Based on property information with market context.
This offering includes 16 one-bedroom, one-bath apartment units in two separate, nearly identical buildings, with eight units in each building. The property includes 12 parking spaces located at the rear of the site. Tenant-paid utilities are already in place, and the units are presented as ready for cosmetic updates.
The buildings sit on four contiguous lots with RT-4 zoning. The site totals 12,750 square feet of land, and the current configuration provides a basis for either renovation of the existing units, redevelopment of the site, or a combination of the two approaches.
By right, a new owner could build up to 12 units with approximately 15,000 square feet of building area allowed, which represents additional space compared to what is currently built.
The buildings sit on four contiguous lots with RT-4 zoning. The site totals 12,750 square feet of land, and the current configuration provides a basis for either renovation of the existing units, redevelopment of the site, or a combination of the two approaches.
By right, a new owner could build up to 12 units with approximately 15,000 square feet of building area allowed, which represents additional space compared to what is currently built.
Key Highlights
- Two nearly identical multifamily buildings with 16 total 1 bed/1 bath units (8 units per building).
- Tenants already pay utilities; units are ready for cosmetic updates to improve rents.
- 12 parking spaces located at the rear of the property.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Two nearly identical apartment buildings totaling 16 one-bedroom units with 12 rear parking spaces on four RT-4-zoned lots.
Where is this apartment building located?
The property is located at 848-50 & 854-56 W Altgeld Chicago, IL.
What are key features of this property?
This property features: Two nearly identical multifamily buildings with 16 total 1 bed/1 bath units (8 units per building).; Tenants already pay utilities; units are ready for cosmetic updates to improve rents.; 12 parking spaces located at the rear of the property.
