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352 E 60th St 46 Unit Apartment Building Offered For Sale Chicago, IL 60637
Investment Highlights
- Near Obama Presidential Center, a federal-museum-grade campus expected to drive measurable rent and value lift in the immediate trade area.
- 100% Vacant.
- Half the building is already renovated and ready to lease; remaining units need interior turns only
- Washington Park is one of the most architecturally distinguished and protected enclaves on Chicago's South Side.
- Incoming owner takes delivery with no legacy tenant disruption.
- Subject market rents range from $1,250 (2BR) to $1,700 (3BR) per
Executive Summary
352–370 E. 60th Street, a two-building, 46-unit multifamily portfolio located in Chicago’s Washington Park neighborhood, offered via competitive auction. The portfolio consists of 352 E. 60th Street, a 21-unit, 19,974 SF three-story masonry building originally constructed in 1898 and situated at the northeast corner of 60th Street and Calumet Avenue, and 362 E. 60th Street, a 25unit, 41,324 SF three-story masonry building originally constructed in 1914, situated at the northwest corner of 60th Street and Martin Luther King Drive directly across from Washington Park — a 370-acre City of Chicago park. Together, the two properties aggregate 46 total units spanning 77,360 SF across combined site area of approximately 0.63 acres. Both buildings are zoned RM-5 and feature a family-oriented unit mix of two- and three-bedroom apartments. Current occupancy stands at approximately ~5% at 352 E. 60th and ~5% at 362 E. 60th, providing investors with substantial stabilization upside. Washington Park is located approximately six miles south of downtown Chicago, one mile southwest of the University of Chicago Hyde Park campus and the Museum of Science and Industry, and eight miles southeast of Midway International Airport. The neighborhood is served by multiple CTA bus routes, the CTA Green Line, the Dan Ryan Expressway (I-90/94), and DuSable Lake Shore Drive (SR41), ensuring strong connectivity throughout the metropolitan area.
Tours scheduled on June 4th & 18th.
Tours scheduled on June 4th & 18th.
Property Facts
| Sale Type | Investment | Building Size | 77,360 SF |
| No. Units | 46 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1912 |
| Lot Size | 0.63 AC | Opportunity Zone |
Yes
|
| Zoning | RM-5 | ||
| Sale Type | Investment |
| No. Units | 46 |
| Property Type | Multifamily |
| Apartment Style | Mid-Rise |
| Lot Size | 0.63 AC |
| Building Size | 77,360 SF |
| Average Occupancy | 0% |
| No. Stories | 4 |
| Year Built | 1912 |
| Opportunity Zone |
Yes |
| Zoning | RM-5 |
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Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Very bikeable
80/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $551,278 CAD | |
| Land Assessment | $132,301 CAD | Total Assessment | $683,579 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$132,301 CAD
Improvements Assessment
$551,278 CAD
Total Assessment
$683,579 CAD
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352 E 60th St
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