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1509 E 69th Place, Chicago, IL 60637

$799,900
  • 1509 E 69th Place, Chicago, IL 60637 Main Photo

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New to the Market New
BEDS0 BATHS SQUARE FEET7,596 MLS#12704639
STATUSNew PROPERTY TYPEMulti Unit - Multiple

Property 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.

1509 E 69th Place | MLS# 12704639

This multi-family property located at 1509 E 69th Place, Chicago, IL 60637 is currently listed for sale with an asking price of $799,900. Search Chicago real estate on vbloomer.gogambino.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: None
Lot Size: 0.14 Acres
Roof Type: Membrane
Stories: 3.0
Taxes: $10,278
Year Built: 1914

Feature Descriptions

Current Use: Multi-Family
Electric: Circuit Breakers, Service - 201 to 600 Amps
Exterior: Brick
Fire Protection: None
Foundation: Concrete Perimeter
Frontage Type: City Street
HVAC: Forced Air
Location: In City Limits
Lot Dimensions: 50x130
Parcel#: 20234180030000
Parking: 1-5 Spaces
Tenant Pays: Electricity, Heat
Units: 6

Listed By / Shown By

Listed By

Agency Name: Fulton Grace Realty
Agency Phone: 773-698-6648

Shown By

Agent Name: Vanessa Bloomer
Agent Phone: (815) 312-7879
Agency Title: Gambino Realtors

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Estimated Payment

$ 4,723.20 per month $3,633.40 Principal & Interest $856.50 Property Tax $233.30 Homeowner's Insurance

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