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$1,050,000
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Property Description
Priced to Sell! Prime investment opportunity in the highly desirable South Shore neighborhood of Chicago, just steps from DuSable Lake Shore Drive. This well positioned 20 unit residential building offers strong income potential in a location known for steady rental demand and convenient access to the lakefront, transportation, and neighborhood amenities. The property consists of twenty (20) spacious units, each featuring 1 bedroom and 1 bathroom with functional layouts that appeal to a broad tenant base. The building presents an excellent value-add opportunity for investors looking to stabilize or enhance cash flow through strategic updates and management. Situated near public transportation, shopping, parks, South Shore Cultural Center, golf course, Rainbow Beach Park, and Lake Michigan shoreline, tenants enjoy easy commuting options and lifestyle conveniences. Proximity to major thoroughfares, Metra and bus lines makes travel to downtown Chicago and surrounding areas seamless. Property is being sold in AS IS condition. No surveys nor disclosures, taxes prorated. Subject to prior offer cancellation. This is a rare opportunity to acquire a sizeable multifamily asset in a strategic South Shore location.
Full Property Details
Full Property Details for 6751 S Chappel Ave
General
- Price: $1,050,000
- Taxes: $28,718 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12718543
- Updated: 8/4/2026
- Added to Site: 16 day(s) ago
Location
- Area: CHI - South Shore
- County: Cook
- Township: South Chicago
- Driving Directions: Lake Shore Dr South, Continue South on Jefferey, Left on 69th Street, Left on Chappel Ave.
Heating & Cooling
- Cooling Type: None
- Heating Type: Central Building Heat, Radiators, Steam
Structural Information
- Stories/Levels: 3
- Current Bldg. Use: Multi-Family
- Year Built: 1916
- Built Before 1978: Yes
Lot Features
- Lot Size (Acres): 0.29
- Lot Dimensions: 75 x 150
- Zoning: MULTI
Financial Considerations
- Assessment Year: 1916
- Tax Amount: $28,718
- Tax Year: 2024
Disclosures and Reports
- Property ID: 20244010100000
Listed by Area Wide Realty
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Schools
Schools serving 6751 S Chappel Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Okeeffe Elementary School 6940 South Merrill Avenue, Chicago, IL 60649 | K-8 | 0.2 mi |
Hyde Park Academy High School 6220 South Stony Island Avenue, Chicago, IL 60637 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 6751 S Chappel Ave
Date
Details
Price
Change
Source
7/29/2026
Listed
$1,050,000
-52.27%
MLS
6/21/2022
Sold
$2,200,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 6751 S Chappel Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$16,684
—
$142,500
81%
2023
$16,684
3%
$78,795
—
2022
$16,207
2%
$78,795
—
2021
$15,845
-20%
$78,795
-12%
2020
$19,842
11%
$89,070
—
2019
$17,895
2%
$89,070
—
2018
$17,594
5%
$89,070
14%
2017
$16,779
-3%
$77,945
-10%
2016
$17,368
9%
$86,714
—
2015
$15,890
39%
$86,714
41%
2014
$11,446
2%
$61,692
—
2013
$11,220
1%
$61,692
—
2012
$11,070
—
$61,692
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 6751 S Chappel Ave
6751 S Chappel Avenue, Chicago, IL 60649 (MLS# 12718543) is a Commercial property. 6751 S Chappel Avenue is currently listed for $1,050,000 and was received on July 29, 2026. Want to learn more about 6751 S Chappel Avenue? Do you have questions about finding other Commercial real estate for sale in South Shore? You can browse all South Shore real estate or contact a Coldwell Banker agent to request more information.

