2258 S Sacramento Ave, Chicago, IL 60623
For Sale
1 / 5
Located at the prominent corner of 23rd Street and Sacramento Avenue, this newer renovated (completion set for spring 2026) 9-unit brick apartment building offers a compelling combination of modern upgrades, strong unit mix, and long-term durability. The property encompasses approximately 8,930 square feet and includes a full basement, providing additional functional space and operational flexibility. Its corner exposure delivers excellent natural light throughout the building, enhancing tenant appeal and overall livability. The unit mix is well diversified and highly marketable, consisting of one 1-bedroom/1-bath unit, one 3-bedroom/2-bath unit, five 2-bedroom/1-bath units, two 3-bedroom/1-bath units, and one spacious 4-bedroom/2-bath unit. Each apartment has been thoughtfully updated with modern kitchens and baths, in-unit laundry, and individual HVAC systems will be installed (or credit) upon sale, aligning the property with current renter expectations and minimizing near-term capital needs. Recent capital improvements include updated electrical systems and a new roof (complete tear off in 2025), positioning the asset as a low-maintenance, stabilized investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.