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Prime Industrial Building for Sale at 4542 W Cermak Rd – 18,000 SF Warehouse & Office in Chicago, IL 60623
Chicago, Illinois
Soft Offer1528 E 74th Pl, Chicago IL 60619: 6-Unit Apartment Building | $680,000 ($113,333/Unit) – 8.37% Cap Rate
1528 E 74th Pl, Chicago, Illinois 60619
$680,000
$85 / sq ft 8.37% cap rate Listed Aug 5, 2026
7,992 sqft
Building
0 acres
Lot
1920
Built
4
Stories
6
Units
Class C
Class
About this property
1528 E 74th Pl, Chicago IL 60619: 6-Unit Apartment Building | $680,000 ($113,333/Unit) – 8.37% Cap Rate is a multifamily for sale in Chicago, Illinois, listed at $680,000. Key details: year built 1920, building size 7,992 sqft, lot size 0 acres, stories 4. Listed by Tony Hardy of Keller Williams ONEChicago on LoopingCloud and last updated August 5, 2026.
Midwest Investment Advisors presents 1528 E. 74th Place, a premier 6-unit multifamily investment opportunity in Chicago's high-demand South Shore submarket. Offered at $680,000 ($113,333/unit | $85/SF), this 7,992 GSF property delivers strong immediate cash flow coupled with significant value-add upside.
Key highlights
- Occupied
- Zoning RS-3
- Price Per Unit $113,333
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Property details
Key facts
- Year Built
- 1920
- Building Size
- 7,992 sqft
- Lot Size
- 0 acres
- Stories
- 4
- Total Units
- 6
- Building Class
- Class C
- Occupied
- Yes
- Occupancy
- 67%
- Property Status
- Normal Sale
- Building Status
- Existing
Pricing details
- Net Operating Income
- $56,941
- Financing
- Third Party Financing
- Investment Property
- Active investment property
Investment snapshot
8.37%
Cap rate
$56,941
Net operating income
$85
Price per sq ft
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $680,000 | 8.37% | - | - | - |
Features and amenities
Property Other Use Types
- Zoning RS-3
Highlights
- Current Metrics: $56,941 current NOI featuring an 8.37% going-in Cap Rate and an 10.40% Cash-on-Cash return.
- Stabilized Pro Forma: Projected $69,905 NOI delivering a 9.92% stabilized Cap Rate on total cost and a 14.92% Cash-on-Cash return (assuming 70% LTV financing).
- Unit Mix: 5 one-bedroom/one-bathroom units and 1 two-bedroom/one-bathroom unit averaging a spacious 950 SF.
- Renovation Status: 3 units fully updated; remaining 3 unrenovated units require an estimated $25,000 in improvements.
- Rental Upside: Current monthly income of $8,550 ($1,425/unit avg) projected to increase to $10,200 ($1,700/unit avg) post-stabilization—adding $23,400 in annual base rent.
- Price Per Unit $113,333
Location
Address as shown by the lister.
Get directionsAbout this area - Chicago
- Population
- 74,963
- Housing units
- 32,488
- Land area
- 6.3 sq mi
- County
- Cook
Neighborhood
Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.
Documents, links and contacts
Frequently asked questions
What is the asking price of 1528 E 74th Pl, Chicago IL 60619: 6-Unit Apartment Building | $680,000 ($113,333/Unit) – 8.37% Cap Rate?
1528 E 74th Pl, Chicago IL 60619: 6-Unit Apartment Building | $680,000 ($113,333/Unit) – 8.37% Cap Rate is listed at $680,000. That works out to about $85 per square foot. The stated cap rate is 8.37%.
Where is 1528 E 74th Pl, Chicago IL 60619: 6-Unit Apartment Building | $680,000 ($113,333/Unit) – 8.37% Cap Rate located?
The property is in 1528 E 74th Pl, Chicago, Illinois 60619, Cook County.
What type of property is this?
This is a multifamily for sale in the commercial category.
How big is the property?
The building is 7,992 sqft. The lot is 0 acres.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
Tony Hardy of Keller Williams ONEChicago listed this property. Use the Request Info button to send a message or call (773) 575-6082.
When was this listing published?
It was published on August 5, 2026 and last updated on August 5, 2026.
Listing information
- Listing ID
- CL-Illinois-28154
- Published
- Aug 5, 2026
- Last updated
- Aug 5, 2026
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