Listing Agency: KW Commercial Chicago - Lincoln Park

Listed By: Tony Hardy · License #IL 475.139834 Show Phone

Source: Crexi

Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 11:44PM

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Investment Insights

Based on property information with market context.

This multifamily property consists of a 12-unit residential income portfolio in Chicago, Illinois. The asset is located at 8511 S Drexel, Chicago, IL 60619.

Key Highlights

• 12‑unit multifamily portfolio
• Residential income property
• Located at 8511 S Drexel, Chicago, IL 60619

Property Analytics

Property Profile

Current Use

Multifamily properties

Suggested Use

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

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

12

Residential units

Location Intelligence

Trade Area within ½ mile

1,009

Businesses Nearby

Explore this area Business Placement

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?

Multifamily property - Residential income property comprising twelve units in Chicago.

Where is this multifamily property located?

The property is located at 8511 S Drexel Chicago, IL.

What are key features of this property?

This property features: 12‑unit multifamily portfolio; Residential income property; Located at 8511 S Drexel, Chicago, IL 60619