IL > Chicago
Chicago, IL 60621,6505 S Peoria ST
Chicago, IL 60621,6505 S Peoria ST
Chicago, IL 60621,6505 S Peoria ST
23
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$149,900
Est. payment /mo
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9 Beds
3 Baths
New

6505 S Peoria ST Chicago, IL 60621

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Dennis & Karen

Dennis & Karen

+1(219) 213-3346

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Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12473707

Bedrooms 9

Year Built 1905

Annual Tax Amount $1,265

Tax Year 2023

Lot Dimensions 3500

Property Sub-Type Two to Four Units

Property Description

A rare opportunity in Englewood: a legally conforming 3-unit masonry building with over 4,600 square feet of interior space and massive long-term upside. Walking distance from the 63rd and Halsted shopping center including a new Starbucks. This is a true value-add play for experienced investors who can see the potential through the clutter. The property will be delivered vacant. Investor Highlights: -Legal 3-unit - no zoning issues or conversions required -9 bedrooms / 3 bathrooms -Over 4,600 SF including full basement -Solid masonry structure with good bones -2.5-car garage -Sits on a 3,500 SF lot. Incentives & Financial Tools (22 Available): This property qualifies for a staggering array of local, state, and federal programs, including: -Purchase assistance (BNAH) -TIF Purchase-Rehab eligibility -Opportunity Zone + New Markets Tax Credits -Solar + energy tax credits (Illinois Solar for All, IRA) -TaxSmart MCC + IHDA Targeted Area bonuses -CRA credit eligibility + multiple grant programs Location & Momentum: -Located in an Enterprise Zone, TIF District, Opportunity Zone, and IHDA Revitalization Area -Minutes from Halsted CTA and other major transit routes -Within the INVEST South/West revitalization corridor -Surrounded by active development and municipal investment This is a high-upside investment in a neighborhood undergoing transformation. Whether you want to rehab and rent, renovate and resell to owner-occupants, or hold as a cash-flowing asset with appreciation potential, this is a solid foundation with the kind of incentives rarely seen in one property. Bring your vision and seize the opportunity.

Location

State IL

County Cook

Area Chi - Englewood

Rooms

Basement Finished, Full

Interior

Heating Natural Gas

Fireplace N

Exterior

Garage Spaces 2.0

Building

Dwelling Type Two to Four Units

Building Description Stone, No

Sewer Public Sewer

Water Lake Michigan

Structure Type Stone

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Midwest Real Estate Data (MRED) IDX
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Robert Linn of  Pearson Realty Group 

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Dennis & Karen

Dennis & Karen

Agent

+1(219) 213-3346

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6505 S Peoria ST

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