About This Home

This 20-bedroom, 20-bathroom residential multi family at 6751 S Chappel Avenue in Chicago, IL is listed for $1,050,000. Built in 1916, on a 0.29 acres lot.

Key Features

  • Built in 1916
  • 0.29 acre lot
  • 3 stories

Property Details

3 stories
20 full
1916
Listing Description

Priced to Sell! Prime investment opportunity in the highly desirable South Shore neighborhood of Chicago, just steps from DuSable Lake Shore Drive. This well positioned 20 unit residential building offers strong income potential in a location known for steady rental demand and convenient access to the lakefront, transportation, and neighborhood amenities.

The property consists of twenty (20) spacious units, each featuring 1 bedroom and 1 bathroom with functional layouts that appeal to a broad tenant base. The building presents an excellent value-add opportunity for investors looking to stabilize or enhance cash flow through strategic updates and management.

Situated near public transportation, shopping, parks, South Shore Cultural Center, golf course, Rainbow Beach Park, and Lake Michigan shoreline, tenants enjoy easy commuting options and lifestyle conveniences. Proximity to major thoroughfares, Metra and bus lines makes travel to downtown Chicago and surrounding areas seamless.

Property is being sold in AS IS condition. No surveys nor disclosures, taxes prorated. Subject to prior offer cancellation. This is a rare opportunity to acquire a sizeable multifamily asset in a strategic South Shore location.

Monthly Cost Estimate

$5,616/mo

20% down · 6.5% · 30 years

Principal$759
Interest$4,550
Insurance$306

Estimates only. Actual payments may vary.

Location

6751 S Chappel Avenue

Chicago, IL 60649

Questions & Answers

This 20-bedroom, 20-bathroom residential multi family at 6751 S Chappel Avenue is listed at $1,050,000. The estimated monthly payment is $5,615 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1916, 0.29 acre lot, 3 stories.

This property is listed by Michael Olszewski.

MO

Michael Olszewski

Agent at Area Wide Realty

Listed by Area Wide Realty · Broker phone: (708) 656-3333 · View on Broker Site · Broker website

MLS# 12718543· Source: Midwest Real Estate Data, LLC· 93 days on PropertySimple

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6751 S Chappel Avenue, Chicago, IL 60649

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