Building Details

Building Size 6,400 SF

Year Built 1933

Listed By: Noah Birk · License #IL #475125864 Show Phone

Source: Kisergroup

Added: Oct 4 Last Checked: Oct 4 at 2:01PM

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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 Noah Birk

Investment Insights

Based on property information with market context.

Built in 1933, this seven-unit apartment property has three three-bedroom, one-bathroom units, three two-bedroom, one-bathroom units, and one one-bedroom, one-bathroom unit. Kitchen features include granite countertops and stainless steel appliances.

The property is in Chicago’s Chatham neighborhood. The stated cap rate is 14%.

Key Highlights

• Seven apartment units
• Unit mix: three 3Bd/1Ba, three 2Bd/1Ba, and one 1Bd/1Ba
• Kitchens feature granite countertops and stainless steel appliances

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Skin Care Clinic Gym & Fitness Center HVAC Service Tech Support Center Building Supply

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

7

Residential units

Location Intelligence

Trade Area within ½ mile

1,064

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

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - The property combines several bedroom configurations with kitchens featuring granite countertops and stainless steel appliances.

Where is this apartment building located?

The property is located at 947 E 84th St Chicago, IL.

What is the asking price?

The asking price for this property is $625,000.

What are key features of this property?

This property features: Seven apartment units; Unit mix: three 3Bd/1Ba, three 2Bd/1Ba, and one 1Bd/1Ba; Kitchens feature granite countertops and stainless steel appliances