REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 149,900
Est. payment /mo
New
6505 S Peoria ST Chicago, IL 60621
9 Beds
3 Baths
UPDATED:
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
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Robert Linn • Pearson Realty Group
