1264 S Saint Louis - 6-Unit Investment Property

For Sale

1264 S Saint Louis Ave, Chicago, IL 60623

This Chicago property for sale is located at 1264 S Saint Louis Ave. The general use of 1264 S Saint Louis - 6-Unit Investment Property is multi-family and it incorporates 8,000 square feet of class C multi-family space. The current listed sale price for 1264 S Saint Louis - 6-Unit Investment Property is $675,000. 1264 S Saint Louis - 6-Unit Investment Property is situated on a lot that is 0.08 acre in size.

Contacts

broker
Gene Hart

33 Realty

Property Details

  • Property Type Multi-Family
  • Property Size 8,000 SF
  • Units 6
  • Lot Size 0.08 Acre
  • Additional Rent Contact for pricing
  • Building Class C
  • Year Built 1905
  • Year Renovated 2017
  • Date Updated Dec 11, 2024
6-unit multi-family investment property in Homan Square33 Realty is pleased to present for sale 1264 S. Saint Louis Avenue, a 6-unit multi-family investment property opportunity in Homan Square. The property was extensively rehabbed in 2017 and consists of three 2-bed / 1-bath and three 3-bed / 1-bath apartments with individual gas-forced heat and hot water tanks. The residents are responsible for individual electric and gas responsibilities. 2017 rehab included: electric upgrade to 400 amp, new masthead, plumbing, waste & supply lines, HVAC, masonry, meters, replaced joists where needed, windows, unit interiors - all per plans permits approved by city of Chicago. There is significant opportunity for a new operator to bring rents to market to increase the in-place cap rate of 8.95% to 12.80%
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Highlights

  • 2017 gut-rehab
  • All 5 occupied units are CHA
  • 3 3-bed / 2 2-bed units

Getting around

  • 73/100

    Walk Score ®

  • 66/100

    Transit Score ®

  • 68/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Chicago, IL
  • Neighborhood North Lawndale
  • Zip Code 60623
  • Market Chicago

Points of Interest

  • Central Park

    0.73 miles

  • Kedzie

    0.81 miles

  • Kostner

    1.27 miles

  • Cicero

    1.81 miles

  • 54th/Cermak

    2.40 miles

  • Uber Tent

    2.47 miles

  • Ashland

    3.02 miles

  • UIC-Halsted (Morgan Street)

    3.26 miles

  • UIC-Halsted (Peoria Street)

    3.37 miles

  • Halsted Street

    3.41 miles

  • GoLo

    0.32 miles

  • BP

    0.39 miles

  • Shell

    0.61 miles

  • Citgo

    0.64 miles

  • Exxon

    0.94 miles

  • Marathon

    1.01 miles

  • Power Gas Station

    1.07 miles

  • Amoco

    1.15 miles

  • EVgo

    2.35 miles

  • Electrify America

    3.08 miles

  • Visitor Parking

    1.73 miles

  • Lot W5

    1.77 miles

  • Lot A4

    1.97 miles

  • Visitor Paerking

    1.98 miles

  • Lot A3

    2.00 miles

  • Lot B2

    2.03 miles

  • Lot C4

    2.04 miles

  • Lot B4

    2.07 miles

  • Shamrock Motel

    1.65 miles

  • Karavan Motel

    1.69 miles

  • Hyatt Place Chicago - Medical / University District

    2.16 miles

  • Hyatt House Chicago - Medical / University District

    2.22 miles

  • Cindy Lyn Motel

    2.46 miles

  • Courtyard by Marriott Chicago at Medical District / UIC

    2.51 miles

  • Hotel Chicago West Loop

    2.52 miles

  • Hyatt House

    3.26 miles

  • Alexandra's place

    3.44 miles

  • Holiday Jones

    3.44 miles

  • Freshway Market

    0.38 miles

  • Save-A-Lot

    0.97 miles

  • Supermercado La Chiquita

    1.40 miles

  • Cermak Fresh Market

    1.44 miles

  • Pete's Market

    1.46 miles

  • Ross

    1.53 miles

  • Little Village Discount Mall

    1.55 miles

  • Workshop Apothecary

    1.60 miles

  • Fairplay Foods

    1.63 miles

  • ALDI

    1.66 miles

In-Depth Research Available for this Property

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Contact Listing Broker
broker
Gene Hart

33 Realty