1509 E 69th Pl 6 Unit Apartment Building $799,900 ($133,317/Unit) 4.66% Cap Rate Chicago, IL 60637

This six-unit multi-family investment property offers an outstanding opportunity to secure a stable, income-generating asset in a desirable urban location. Featuring large two-bedroom residences, the building combines classic architectural character with functional updates, making it appealing for both current operations and long-term appreciation. The apartments showcase updated kitchens with ample cabinetry, solid-surface countertops, subway tile backsplashes, and modern fixtures, while preserving original charm through elements like crown molding and built-in shelving.
Each unit is equipped for efficient ownership, with individual furnaces, separate heating systems, and in-unit laundry, reducing operating costs and increasing tenant satisfaction. Common areas and exterior spaces are well maintained, with a large basement providing additional storage and potential for value-added upgrades. The property sits near major transportation options, retail conveniences, and employment hubs, strengthening its leasing appeal and driving sustained rental demand.
This offering is suited for investors seeking proven cash flow, operational efficiencies, and forward value strategies. With five off-street parking spaces and a mix of spacious floor plans, the asset ensures versatility and strong performance in one of the city’s established neighborhoods.