2600 W 15th St - Apartments FOR SALE


Chicago, IL 60608- Lawndale
$1,125,000 USD
773-622-4663
2600 W 15th St, Chicago, IL for Sale
$1,125,000 USD
Apartments - FOR SALE
1/25
null | Request Cap Rate

2600 W 15th St
Chicago, IL 60608
Lawndale


OVERVIEW

Located directly across from Cinespace Chicago Film Studios in the rapidly developing Douglas Park neighborhood, this legal 7-unit property presents a rare investment opportunity with strong income potential and owner-occupant flexibility. The property consists of a spacious single-family home plus a well-maintained 6-unit apartment building, blending classic Chicago character with modern updates throughout. The single-family residence features 4 bedrooms and 2 full bathrooms, hardwood flooring throughout, a combined kitchen and dining area, central HVAC, and basement washer/dryer hookups. A gated rear parking pad provides secure off-street parking and can also function as a private patio space, adding extra value for tenants or an owner-occupant. The neighboring 6-unit building is comprised entirely of updated 2-bedroom, 1-bathroom apartments. Each unit has been renovated within the past few years with newer flooring, updated kitchen cabinetry, appliances, lighting fixtures, and ceiling fans. Additional income is generated through the on-site coin laundry located in the basement. Tenants are responsible for all utilities except water, helping to minimize operating expenses. Ideally situated within walking distance to Mount Sinai Hospital, Douglass Park, public transportation, and the CTA Pink Line station, this property offers convenience, accessibility, and long-term upside in one of Chicago's evolving investment corridors.

FOR SALE DETAILS

PRICE

$1,125,000 USD

PRICE/SF

$223 USD /SF

# OF UNITS

7

PRICE/UNIT

$160,714

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1888

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,589 SF

ZONING

R4, Chicago

APN/PARCEL ID

16-24-217-016-0000

ASK ABOUT THIS PROPERTY

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773-622-4663

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773-622-4663

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