6505 S Peoria Street, Chicago, IL 60621
Local realty services provided by:Results Realty ERA Powered
6505 S Peoria Street,Chicago, IL 60621
$149,900
- 9 Beds
- 3 Baths
- - sq. ft.
- Multi-family
- Active
Listed by:robert linn
Office:pearson realty group
MLS#:12473707
Source:MLSNI
Price summary
- Price:$149,900
About this home
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.
Contact an agent
Home facts
- Year built:1905
- Listing ID #:12473707
- Added:1 day(s) ago
- Updated:September 17, 2025 at 10:55 AM
Rooms and interior
- Bedrooms:9
- Total bathrooms:3
- Full bathrooms:3
Heating and cooling
- Heating:Natural Gas
Structure and exterior
- Year built:1905
Utilities
- Water:Lake Michigan
- Sewer:Public Sewer
Finances and disclosures
- Price:$149,900
- Tax amount:$1,266 (2023)
Copyright 2025 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed.New listings near 6505 S Peoria Street
- New
$369,999Active2 beds 1 baths833 sq. ft.3645 W Dickens Avenue, Chicago, IL 60647
MLS# 12473816Listed by: CORE REALTY & INVESTMENTS INC. - New
$178,000Active7 beds 4 baths8153 S Sangamon Street, Chicago, IL 60620
MLS# 12473879Listed by: TRADEMARKS & ASSOCIATES - New
$1,800,000Active2 beds 3 baths2,302 sq. ft.1919 S Prairie Avenue #5, Chicago, IL 60616
MLS# 12472878Listed by: FORD DESIRED REAL ESTATE LLC - New
$1,250,000Active10 beds 5 baths2337 N Sawyer Avenue, Chicago, IL 60647
MLS# 12439641Listed by: NORTH CLYBOURN GROUP, INC. - New
$129,900Active6 beds 3 baths2,428 sq. ft.6700 S Stewart Avenue, Chicago, IL 60621
MLS# 12473812Listed by: RE/MAX MI CASA - New
$49,900Active2 beds 1 baths954 sq. ft.8822 S Kenwood Avenue, Chicago, IL 60619
MLS# 12473824Listed by: GATES AND GABLES REALTY - New
$199,000Active5 beds 2 baths531 W 61st Place, Chicago, IL 60621
MLS# 12473830Listed by: JAMES GROUP PROPERTIES LLC - New
$499,900Active2 beds 2 baths1,250 sq. ft.2529 N Halsted Street #1S, Chicago, IL 60614
MLS# 12473845Listed by: @PROPERTIES CHRISTIE'S INTERNATIONAL REAL ESTATE - New
$474,000Active5 beds 3 baths5443 S Nottingham Avenue, Chicago, IL 60638
MLS# 12473815Listed by: CENTURY 21 CIRCLE - New
$425,000Active2 beds 2 baths1,200 sq. ft.500 W Superior Street #2204, Chicago, IL 60654
MLS# 12470503Listed by: KELLER WILLIAMS ONECHICAGO
Protect your home and budget with an American Home Shield© home warranty. Learn more© 2023 - 2025 ERA Franchise Systems LLC. All rights reserved. ERA Franchise Systems LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. ERA, ERA Real Estate powered, and their respective logos are registered service marks of ERA Franchise Systems LLC. Each office is independently owned and operated.