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Brick Apartment Building with 2BR Units
For Sale
Contact for pricing
Pending

8649 W Foster Avenue, Chicago, IL 60656

Six 2-bedroom, 1.5-bath units in a well-maintained brick building, supported by shared laundry and storage space.

Property SizeContact for details
Days on Market67

Property Features for 8649 W Foster Avenue

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Multifamily Units 6

Building Details

Year Built 1977
Tenancy Multi
Listing Agency: Enterprise Realty Brokers Inc
Listed By: Val Popovic · License #IL
Source: Crexi
Added: May 29 Changed: Jul 10 Last Checked: Jul 24 at 6:48PM

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 Enterprise Realty Brokers Inc

Investment Insights

Based on property information with market context.

This extra-clean, well-maintained brick apartment building consists of 6 units, and all apartments are configured as 2-bedrooms with 1.5 baths. Many of the units are described as nicely updated and in great condition. The building also includes an association that handles landscaping, parking, snow removal, and water, helping keep day-to-day exterior and utility management streamlined.

The property is located in Chicago, with noted proximity to a school, the Forest Preserve, the Blue Line, I-90, and O'Hare. The combination of nearby transit and major routes is positioned to support convenient resident access.

The full basement adds practical value for residents and operators, featuring a dedicated laundry room with two washers and two dryers, plus a storage cage for each unit. There is also a large basement room that can be used for additional storage for extra income. With its consistent unit mix, maintained exterior, and organized shared services, the building is well suited for an ownership group looking for a turnkey-friendly income property or a straightforward value-add approach through additional unit refreshes.

Key Highlights

  • 1977‑built, well‑maintained brick building with 6 total units
  • All 6 units are 2‑bedroom, 1.5‑bath apartments
  • Full basement includes a laundry room with 2 washers and 2 dryers

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Furniture & Home Goods Bakery Auto Parts Store (Bike/Boat/Book/etc) Store Cosmetic Store Nail Salon

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

6
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

976
Businesses Nearby

Demographics for 60656, IL

28,474
Population
12,840
Households
2.2
Avg Household Size
40
Median Age
42%
College-Educated
92%
High-School Grad
3.2 sq mi
ZIP Area
8,898
Density / Sq Mi
$88,000
Median Household Income
$54,639
Median Earnings
$1,388
Median Rent
$344,400
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 - Six 2-bedroom, 1.5-bath units in a well-maintained brick building, supported by shared laundry and storage space.
Where is this apartment building located?
The property is located at 8649 W Foster Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: 1977‑built, well‑maintained brick building with 6 total units; All 6 units are 2‑bedroom, 1.5‑bath apartments; Full basement includes a laundry room with 2 washers and 2 dryers
More about this property
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