Listing Agency: Essex Realty Group

Listed By: Jim Darrow · License #IL 475134017

Source: Crexi

Added: Apr 10 Changed: Aug 8 Last Checked: Jul 23 at 3:15AM

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Investment Insights

Based on property information with market context.

This multifamily apartment building offers residential income potential with 23 units. It is presented for sale under a multifamily property classification.

The property is located at 858 North Franklin Street in Chicago, Illinois.

Key Highlights

• Multifamily apartment building with 23 units available for sale
• Stated price of $594,565 per unit

Property Analytics

Current Use

The Dutchman Homestay 858 Franklin Apartment Building

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Restaurant Butcher Nursing Home Daycare Center Auto Parts 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

23

Residential units

Location Intelligence

Trade Area within ½ mile

12,400

Businesses Nearby

Explore this area Business Placement

Demographics for 60610, IL

43,794

Population

30,091

Households

1.5

Avg Household Size

34

Median Age

79%

College-Educated

97%

High-School Grad

1.1 sq mi

ZIP Area

39,813

Density / Sq Mi

$105,649

Median Household Income

$82,934

Median Earnings

$2,029

Median Rent

$543,000

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 - Multifamily apartment building with 23 units available for sale.

Where is this apartment building located?

The property is located at 858 North Franklin Street Chicago, IL.

What are key features of this property?

This property features: Multifamily apartment building with 23 units available for sale; Stated price of $594,565 per unit