1471 E 67th St - Apartments FOR SALE


Chicago, IL 60637- Grand Crossing
$500,000 USD
1471 E 67th St, Chicago, IL for Sale
$500,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

1471 E 67th St
Chicago, IL 60637
Grand Crossing


OVERVIEW

Midwest Investment Advisors with KW Commercial and Keller Williams ONEChicago is pleased to present 1471 E 67th St, Chicago, IL 60637—a vacant mixed-use retail and residential asset being offered for redevelopment/land value. The property is fully vacant and currently configured with 7 commercial units, 12 studio apartments, and 4 one-bedroom apartments. The retail and residential portions require a full renovation, creating a clear value-add path to reposition the building and restore the apartments as income-producing units. Neighborhood Overview: South Shore & East Woodlawn South Shore—bordering the fast-evolving East Woodlawn corridor—has become a key target for South Side reinvestment due to its lakefront proximity, strong neighborhood identity, and accelerating development pipeline. Proximity to Major Developments: Located near Jackson Park and the Obama Presidential Center, positioning the site to benefit from increased foot traffic, visibility, and long-term economic lift. Mixed-Use Upside: B3-3 zoning supports community shopping districts and encourages a blend of commercial and residential uses, ideal for developers pursuing modern mixed-use concepts. Rising Investment Momentum: The submarket is seeing increased public and private investment, strengthening the long-term fundamentals for redevelopment plays. Positive Economic Indicators for South Shore Development Activity: Continued neighborhood investment and nearby catalytic projects are expected to support value growth and future demand for both housing and neighborhood-serving retail. Transit Connectivity: Excellent access via the South Shore Metra line and multiple CTA bus routes, providing efficient connections to downtown and major employment nodes. Residential Demand Tailwinds: Growing interest from professionals and families is increasing demand for quality housing—supporting mixed-use projects that integrate retail, services, and residential living.

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/SF

$38 USD /SF

# OF UNITS

23

PRICE/UNIT

$21,739

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1913

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,900 SF

ZONING

B3-3

APN/PARCEL ID

20-23-402-006-0000

ASK ABOUT THIS PROPERTY

Tony HardyMidwest Investment AdvisorsMore Info

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Tony HardyMidwest Investment AdvisorsMore Info

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