This Multifamily Property is no longer advertised on LoopNet.com.

348 W 74th St
Chicago, IL 60621
Multifamily Property For Sale · 38 Units

Investment Highlights

  • Recently Updated Units Including Stainless Steel Appliances
  • Opportunity To Achieve 11%+ Cap Rate Through Capturing Market Rents
  • Approved for AHSAP, lowering the assessed value by 25% starting in 2025
  • New Tear O? Roof (2024), New Metal Porches (2024), Electric Panels In Unit
  • On-site Laundry For Tenant Convenience & Additional Income

Property Facts

No. Units 38
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class B
Lot Size 0.11 AC
Building Size 13,422 SF
No. Stories 4
Year Built 1923
Zoning RT-4 - Residential Two-Flat, Townhouse and Multi-Unit District

Amenities

Unit Amenities

  • Air Conditioning
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Recycling
  • Walk-Up
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 8 - 600
1+1 27 - 625 - 675
2+2 3 - 792

Property Taxes

Property Taxes

Parcel Number
20-28-216-014-0000
Land Assessment
$7,049
Improvements Assessment
$102,376
Total Assessment
$109,425
  • Listing ID: 37649783

  • Date on Market: 9/12/2025

  • Last Updated:

  • Address: 348 W 74th St, Chicago, IL 60621

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