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Listing provided courtesy of Real Broker LLCMREDas Distributed by MLSGrid- MLS# 12524907MLS Provider

1264 S Saint Louis AvenueChicago, IL 60623

Commercial · 5 Beds · 5,900 Sq. ft. | 0.78 Acres
$745,000 Active

1264 S Saint Louis Avenue Overview

Time on Site:
213 days
Visits:
2

Exceptionally Maintained and Upgraded 6-Unit Multi-Family Investment Property in Homan Square Discover a turnkey investment opportunity in the heart of Homan Square. This well-maintained 6-unit building has been extensively updated to provide long-term stability, reduced maintenance costs, and strong income potential. Major improvements were completed in 2020, including a new roof and porch, along with upgraded plumbing, HVAC systems, and electricals throughout the building. Additional recent upgrades include a newly installed concrete parking pad in the rear, a modern glass front entry door for enhanced security, and fresh tuckpointing completed this year. Each apartment has been refreshed with new paint and beautifully refinished hardwood floors. Bathrooms and appliances were upgraded this year, and two new water heaters have been added for improved efficiency. The roof has also been professionally resealed. Residents are responsible for their own electric and gas, keeping operating expenses low for the owner. Whether you're an experienced investor or entering the multi-family market for the first time, this property offers outstanding income potential and long-term value

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1264 S Saint Louis Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 5,900
  • Price/Sq.ft. $126
  • Lot 0.78 Acres

Details

General

Income/Expenses

  • Other Expense: 2490
  • Electric Expense: 504
  • Fuel Expense: 0
  • Gross Income: 117192
  • Gross Scheduled Income: 85652
  • Insurance Expense: 4200
  • Maintenance Expense: 3600
  • Net Operating Income: 85652
  • Operating Expense: 25680
  • Trash Expense: 1920
  • Water Sewer Expense: 3600

Building Information

  • Year Built: 1906

Business Information

  • Current Use: Multi-Family

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - North Lawndale

Rent/Lease Information

  • Tenant Pays: Electricity

Tax Information

  • Tax Annual Amount: $6,750.00
  • Tax Year: 2023

General Information

  • Parcel Number: 16232020370000
  • Possible Use: Multi-Family
  • Property Type: Commercial Sale
  • Zoning: MULTI

Interior

Building Interior

  • Building Area Total: 5900

General Information

  • Basement: Unfinished
  • Cooling: Window Unit(s)
  • Electric: Circuit Breakers, Service - 201 to 600 Amps
  • Foundation Details: Brick/Mortar, Concrete Perimeter
  • Stories: 3

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street
  • Lot Size Acres: 0.78
  • Lot Size Dimensions: 27 X 135
  • Lot Size Square Feet: 3375
  • Water Source: Municipal Water

Building Exterior/Construction

  • Construction Materials: Brick, Wood, Block
  • Roof: Reflective Coating

General Information

  • Number Of Units Total: 6
  • Utilities: Sewer Connected

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Beds Total: 2
  • Baths Total: 1
  • Units Total: 3

Unit 2 Details

  • Unit Type: Unit 2
  • Beds Total: 3
  • Baths Total: 1
  • Units Total: 3

Unit 3 Details

  • Unit Type: Unit 3
  • Beds Total: 0
  • Units Total: 0

Unit 4 Details

  • Unit Type: Unit 4
  • Beds Total: 0
  • Units Total: 0

Unit 5 Details

  • Unit Type: Unit 5
  • Beds Total: 0
  • Units Total: 0

Unit 6 Details

  • Unit Type: Unit 6
  • Beds Total: 0
  • Units Total: 0

Unit 7 Details

  • Unit Type: Unit 7
  • Beds Total: 0
  • Units Total: 0

1264 S Saint Louis Avenue Neighborhood

Community

60623 (Chicago) Demographics

33
Median Age
14,242
Population Density (per sq. mile)
17%
College Educated
$34,714
Estimated Median Income
9,269
Estimated Total Home Owners
16,477
Estimated Total Renters
36% / 64%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1264 S Saint Louis Avenue Monthly Cost

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Randall Fowlkes
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1264 S Saint Louis Avenue Market Data

Based on the last 30 days in this zip code

$338,047
Average List Price
$199
Average Price per Square Foot
6
Properties Sold
76
Average Days on Market
25
Properties for Sale
Calculations provided by Reliance Network

1264 S Saint Louis Avenue History

Date Event Value Agent
4/14/2026Source: MRED Status Change
Active
4/9/2026Source: MRED Price Reduction
$745,000 -0.5%
4/9/2026Source: MRED Status Change
Price Change
3/23/2026Source: MRED Status Change
Active
3/18/2026Source: MRED Status Change
Re-activated
3/3/2026Source: MRED Status Change
Contingent
12/3/2025Source: MRED Status Change
Active
11/28/2025Source: MRED Added to Database
November 28, 2025
3/20/2025Source: MRED Status Change
Closed
1/31/2025Source: MRED Status Change
Contingent
1/15/2025Source: MRED Status Change
Active
1/10/2025Source: MRED Price Reduction
$674,500 -0.1%
1/10/2025Source: MRED Status Change
Price Change
12/9/2024Source: MRED Status Change
Active
12/4/2024Source: MRED Added to Database
December 04, 2024