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32751074
32750899

3104 West 64th Street, Chicago, IL 60629 For Sale

DB
IL 475.212060
Horvath & Tremblay
AS
IL 475173833
Horvath & Tremblay
Listed by Horvath & Tremblay
$750,000
61 days on market
Updated 54 days ago
Opportunity zone

3104 W 64th Street

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,900
Net Rentable (SqFt) 7,400
Units 8
Cap Rate 9.01%
NOI $67,609
Price per SqFt $101
Year Built 1925
Buildings 1
Stories 2
Acreage 0.140
Ownership Fee Simple

Multi-Family | 8 Units | $93,750/unit

Marketing description

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a multi-family investment property located at 3104 W 64th Street in Chicago, Illinois (the “Property”). The two-story brick building contains eight (8) residential units comprised of six (6) 2-Bedroom/1-Bathroom units and two (2) 3-Bedroom/1-Bathroom units with 7,400 square feet of living area in 7,900 square feet of total gross area on 0.14 acres of land. The Property has ample street parking available and has been well-maintained property with updated landscaping.

The Property is extremely well-located in Chicago’s Chicago Lawn / Marquette Park neighborhood, just steps from the 63rd Street commercial corridor and surrounded by grocery, retail, and dining options. The property benefits from proximity to Marquette Park, one of the city’s largest green spaces, offering extensive recreation and community amenities. CTA bus routes along 63rd and Kedzie provide strong transit connectivity, with quick access to the Orange Line, Chicago Midway International Airport, and major highways. The mix of residential and commercial uses in the area supports consistent tenant demand and long-term rental stability.

Investment highlights

SUPERIOR LOCATION

The Property is in Chicago’s Chicago Lawn / Marquette Park neighborhood, just one block south of the 63rd Street commercial corridor and in close proximity to Kedzie and Western Avenues, three of the area’s primary retail and commuter thoroughfares. The immediate area offers access to national and local retailers including Food 4 Less, Walgreens, Target, ALDI, Walmart, and numerous quick-service and sit-down dining options.

The Property is well positioned for commuters with convenient access to public transportation, including multiple CTA bus routes along 63rd Street and Kedzie Avenue, as well as the CTA Orange Line (Kedzie and Midway stations) located 2 miles away. Chicago Midway International Airport is less than 3 miles from the Property, while I-55 and I-90/94 provide broader connectivity across the Chicago metro area.

Residents benefit from proximity to Marquette Park, one of Chicago’s largest green spaces, which offers walking and jogging paths, athletic fields, a golf course, and community recreation facilities. Additional neighborhood amenities, schools, and healthcare services further enhance tenant appeal and support long-term housing demand.

AREA DEVELOPMENT/ ATTRACTIONS

Active community and revitalization efforts – The neighborhood benefits from local organizations like the Greater Southwest Development Corporation, Southwest Organizing Project, and Inner-City Muslim Action Network, all driving reinvestment through programs addressing affordable housing, business support, and even broadband infrastructure.

Historic and recreational centerpiece: Marquette Park, just 0.6 miles away, is a 300- acre gem offering a lagoon, golf course, athletic fields, walking/jogging trails, and community programs at its historic fieldhouse, making it a major lifestyle draw.

Strong transit, walkability, and bike access– The area has accessibility for walking and biking and enjoys good transit service. The neighborhood is well served by CTA bus routes along 63rd Street and Kedzie Avenue, with convenient access to the CTA Orange Line, Metra’s Wrightwood Station, and Midway Airport.

Convenient access to retail, healthcare, and employment – Residents are near the 63rd Street commercial corridor, Ford City Mall, and local dining; healthcare is within reach with Holy Cross Hospital just 0.9 miles away; and employment opportunities are boosted by nearby employers like Midway Airport and Mondelēz International bakery.

STRONG DEMOGRAPHICS

More than 57,800 people live within 3 miles of the Property with an average household income of over $77,084. Even more impressive, over 324,100 people live within 5 miles of the Property with an average household income of $80,659. Additionally, there are approximately 54,500 employees within 3 miles of the Property.

UTILITIES, CONSTRUCTION & AMENITIES

The Property is separately metered for electricity. The Landlord is responsible for gas powered heat and hot water, as well as common area electric and domestic water & sewer.

The building features a brick construction, considered a low-cost, low maintenance exterior due to its durability, color retention, fire containment, and storm protection.

The Property has access to ample on street parking, although, the proximity to public transportation is an added amenity to enhance value to tenants.

Listing Contacts

DB
IL 475.212060
Horvath & Tremblay
AS
IL 475173833
Horvath & Tremblay
Listed by Horvath & Tremblay

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$67,609.00
$5,634.08/mo

Valuation Metrics

0
DSCR
9.01%
Cap Rate
9.01%
ROI

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Additional Information

Name
JOHN PRZYBYLA
License
471010441
Title
Broker of Record
Name
Danny Breiter
License
475.212060
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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