1509 E 69th Pl - Apartments FOR SALE


Chicago, IL 60637- Grand Crossing
$799,900 USD
312-714-2999
1509 E 69th Pl, Chicago, IL for Sale
$799,900 USD
Apartments - FOR SALE
1/32
null | 4.66% Cap Rate

1509 E 69th Pl
Chicago, IL 60637
Grand Crossing


HIGHLIGHTS

  • Six-unit investment property featuring spacious two-bedroom floor plans and modern amenities.
  • Individual heating systems and in-unit laundry deliver greater tenant convenience and reduced utility expenses.
  • Located near public transportation, shopping, and employment corridors, ensuring consistent rental demand.
  • Renovated kitchens with updated finishes, solid-surface countertops, and subway tile accents.

OVERVIEW

This six-unit multi-family investment property offers an outstanding opportunity to secure a stable, income-generating asset in a desirable urban location. Featuring large two-bedroom residences, the building combines classic architectural character with functional updates, making it appealing for both current operations and long-term appreciation. The apartments showcase updated kitchens with ample cabinetry, solid-surface countertops, subway tile backsplashes, and modern fixtures, while preserving original charm through elements like crown molding and built-in shelving. Each unit is equipped for efficient ownership, with individual furnaces, separate heating systems, and in-unit laundry, reducing operating costs and increasing tenant satisfaction. Common areas and exterior spaces are well maintained, with a large basement providing additional storage and potential for value-added upgrades. The property sits near major transportation options, retail conveniences, and employment hubs, strengthening its leasing appeal and driving sustained rental demand. This offering is suited for investors seeking proven cash flow, operational efficiencies, and forward value strategies. With five off-street parking spaces and a mix of spacious floor plans, the asset ensures versatility and strong performance in one of the city’s established neighborhoods.

FOR SALE DETAILS

PRICE

$799,900 USD

PRICE/SF

$105 USD /SF

# OF UNITS

6

PRICE/UNIT

$133,317

CAP RATE

4.66%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1990

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,250 SF

ZONING

RT-4

APN/PARCEL ID

20-23-418-003-0000

ASK ABOUT THIS PROPERTY

Jennifer BellFulton Grace RealtyMore Info
312-714-2999

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Jennifer BellFulton Grace RealtyMore Info
312-714-2999

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.