Share This Listing

Message

957 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Investment Highlights

  • Attractive unit mix two and three bedrooms
  • Cleaned out and ready for rehab
  • Corner building
  • REO / Foreclosure

Executive Summary

Multifamily investment opportunity featuring a highly favorable unit mix that supports strong rent performance, long-term tenancy, and operational efficiency. The property consists of 18 total units, including 15 two bedroom units and 3 three bedroom units-a configuration that is increasingly sought after by investors due to sustained demand for larger apartments in workforce and family-oriented housing markets. The subject property is currently vacant and in need of substantial renovation. Property is being sold in 'AS IS' condition. Proof of funds required with all offers. REO / Foreclosure Financials are pro-forma. Vacant and secured. Fully cleaned out of all garbage and waste.

Financial Summary (Pro Forma - 2026) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro Forma - 2026) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual $99,999
Annual Per SF $9.99
Vacancy Loss (CAD)
Annual $99,999
Annual Per SF $9.99
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $959,797 CAD
Price Per Unit $53,322 CAD
Sale Type Investment
Sale Conditions
Distress Sale
  • Deferred Maintenance
  • High Vacancy Property
  • REO Sale
No. Units 18
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.23 AC
Building Size 18,000 SF
Average Occupancy 0%
No. Stories 3
Year Built 1916
Opportunity Zone Yes
Zoning RS-3, Chicago - Residential

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 15 $1,785 CAD 1 - 850
3+1 3 $2,060 CAD 1 - 1,000
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
20-29-405-033-0000
Land Assessment
$11,126 CAD (2025)
Improvements Assessment
$173,191 CAD (2025)
Total Assessment
$184,317 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
  • Listing ID: 40134299

  • Date on Market: 2026-04-13

  • Last Updated:

  • Address: 7546-7548 S Peoria St, Chicago, IL 60620

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}