1509 E 69th Place,Chicago, IL 60637
Chicago, IL 60637
Description
Well-Maintained Six-Unit Investment | Five 2BR Units | Tenant-Paid Heat | In-Unit Laundry | Parking Potential Exceptional opportunity to acquire a well-maintained six-unit multifamily investment property featuring five spacious two-bedroom residences and one one-bedroom residence. Offering an attractive unit mix, generous floor plans, and strong rental appeal, this property is an excellent addition to any investment portfolio. The apartments feature expansive living and dining areas, updated kitchens with ample cabinetry, solid-surface countertops, subway tile backsplashes, dishwashers, and modern fixtures. Many of the units retain their original architectural charm, including decorative fireplaces and built-in shelving, blending timeless character with functional updates. Most units also feature the convenience of in-unit laundry, an amenity highly sought after by today's renters. Designed for efficient ownership, each apartment has a separate heating system, with tenants responsible for their own heat, helping reduce operating expenses. The property has been consistently maintained and offers clean, well-kept common areas, attractive rear porches, and a large, dry basement with exceptional storage capacity and future value-add potential. The oversized rear yard provides the opportunity to create approximately five off-street parking spaces, offering additional income potential. One unit is currently vacant, allowing buyers to easily inspect a representative apartment without disturbing existing tenants. Whether you're looking to expand your portfolio, complete a 1031 exchange, or acquire a stable income-producing asset with future upside, this six-unit building offers strong fundamentals, operational efficiencies, and long-term investment potential.
Details
| MLS # | 12704639 |
|---|---|
| Listing Type | For Sale |
| Style | Multi Family 5+ |
| Sub-Type | Resale |
| Status | Active |
| Year | 1914 |
| Days On Site | 77 |
| Listing Provided By | Fulton Grace Realty | Jennifer Bell |
Features
| SQ Feet | 7,596 |
|---|---|
| Basement | Y |
| Story(s) | 3 |
| Units | 6 |
| Acreage | 0.15 |
Interior
| Cooling | None |
|---|---|
| Fireplaces Total | 0 |
Exterior
| Roof | Membrane |
|---|---|
| Foundation Details | Concrete Perimeter |
| Construction Materials | Brick |
Utilities
| Electric | Circuit Breakers, Service - 201 to 600 Amps |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 10278.46 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60637 |
| Area | CHI South Shore |
| Listing VS Median (in 60637) | |
Price: $799,900 low | high Med: $129,000 sqft: 7,596 low | high Med: 1,300 $ / sqft: $105 low | high Med: $99 On site: 77 low | high Med: 73 | |
Market Activity 60637
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60637 |
| Area | CHI South Shore |
| Listing VS Median (in 60637) | |
Price: $799,900 low | high Med: $129,000 sqft: 7,596 low | high Med: 1,300 $ / sqft: $105 low | high Med: $99 On site: 77 low | high Med: 73 | |
