Lender Owned MIxed Use 22-Unit

7201 S Vincennes Ave, Chicago, IL 60621

Property Information

  • For Sale $600,000
  • Property Type Multi-Family
  • Property Size 16,000 SF
  • Units 22
  • Lot Size 0.2 Acre
  • Year Built 1926
  • Date Updated Oct 31, 2026

Description

Greater Grand Crossing....AW Properties Global is pleased to present the opportunity to acquire a lender-owned, 22-unit mixed-use property located in Chicago’s Greater Grand Crossing neighborhood. The four-story building, features a unit mix consisting of four (4) ground-floor retail spaces, fifteen (15) one-bedroom apartments, and three (3) two-bedroom apartments. The property is situated on an approximately 8,712-square-foot site and is equipped with a central boiler heating system. The property is currently 100% vacant, presenting a compelling value-add and repositioning opportunity for investors seeking to renovate, stabilize, and maximize the asset’s income-producing potential. The property is situated within a federally designated Qualified Opportunity Zone, offering potential tax advantages to eligible investors. This lender-owned property is being offered for sale in As-Is condition.

Highlights

  • Desirable Greater Grand Crossing Market
  • Unit Mix (4) Retail, (15) 1 Bedroom and (3) 2 Bedroom Units
  • Value Add Opportunity

Contacts

Location

Located at 7201 S Vincennes Ave, Chicago, IL 60621, this property is part of the Park Manor neighborhood and Chicago market.

Contact Listing Broker
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.