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2258 S Sacramento Ave
Chicago, IL 60623
Multifamily Property For Sale
·
9 Units
Investment Highlights
- Newer Renovation (2025-2026)
- Large Units | Full Basement | Abundant Natural Light
- Short Walk To CTA Pink Line
- Corner Location In-Unit Laundry
- Low Expense Building
- 1 Block To Cermak Retail District | 3 Blocks to 26th Street Retail District
Executive Summary
Located at the prominent corner of 23rd Street and Sacramento Avenue, this newer renovated (completion set for spring 2026) 9-unit brick apartment building offers a compelling combination of modern upgrades, strong unit mix, and long-term durability. The property encompasses approximately 8,930 square feet and includes a full basement, providing additional functional space and operational flexibility. Its corner exposure delivers excellent natural light throughout the building, enhancing tenant appeal and overall livability.
The unit mix is well diversified and highly marketable, consisting of one 1-bedroom/1-bath unit, one 3-bedroom/2-bath unit, five 2-bedroom/1-bath units, two 3-bedroom/1-bath units, and one spacious 4-bedroom/2-bath unit. Each apartment has been thoughtfully updated with modern kitchens and baths, in-unit laundry, and individual HVAC systems will be installed (or credit) upon sale, aligning the property with current renter expectations and minimizing near-term capital needs. Recent capital improvements include updated electrical systems and a new roof (complete tear off in 2025), positioning the asset as a low-maintenance, stabilized investment
The unit mix is well diversified and highly marketable, consisting of one 1-bedroom/1-bath unit, one 3-bedroom/2-bath unit, five 2-bedroom/1-bath units, two 3-bedroom/1-bath units, and one spacious 4-bedroom/2-bath unit. Each apartment has been thoughtfully updated with modern kitchens and baths, in-unit laundry, and individual HVAC systems will be installed (or credit) upon sale, aligning the property with current renter expectations and minimizing near-term capital needs. Recent capital improvements include updated electrical systems and a new roof (complete tear off in 2025), positioning the asset as a low-maintenance, stabilized investment
Property Facts Under Contract
| Price Per Unit | $234,010 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| No. Units | 9 | Building Size | 8,928 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1911/2025 |
| Apartment Style | Low-Rise | ||
| Zoning | RT-4 - Residential | ||
| Price Per Unit | $234,010 CAD |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 8,928 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1911/2025 |
| Zoning | RT-4 - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 3+2 | 1 | - | - |
| 2+1 | 5 | - | - |
| 3+1 | 2 | - | - |
Property Taxes
| Parcel Number | 16-25-103-046-0000 | Improvements Assessment | $87,821 CAD |
| Land Assessment | $6,207 CAD | Total Assessment | $94,028 CAD |
Property Taxes
Parcel Number
16-25-103-046-0000
Land Assessment
$6,207 CAD
Improvements Assessment
$87,821 CAD
Total Assessment
$94,028 CAD
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